PHOENIX -- New data shows the Cash for Clunkers program brought in big money to car dealers, saved drivers thousands of dollars along the way, and is partially credited with getting the U.S. economy rolling again.
The hugely popular program ended a few months ago.
If you had an older vehicle that didn’t get such great gas mileage, you could trade it in for much more than it was worth if you bought a more environmentally-friendly car.
The below numbers gathered by the Scripps Howard News Service show the staggering figures generated by the program:
In the U.S., 677,081 people took advantage of the Cash for Clunkers Program. The average price for each new vehicle was placed at $22,451, bringing the total value of the program to a whopping $15,201,641,497.50.
In Arizona, the numbers break down like this: 9,107 clunkers were taken off the roads.
The average price of the new vehicles by manufactured suggested price was $21,908. That means the program generated $192,140,549.88.
