Our good friends over at Autoblog took the time to go over the latest trade in list for the federal cash for clunkers program and ran it through their favorite number cruncher.
The results that were spit out are quite interesting in the fact that what was reported by dealers as trade ins simply may not add up at first glance. Like who who would trade in a 2006 350Z or two 2006 Roush F-150's for just a $4500 credit? Hmm, sounds pretty fishy to me.
I'll give a few of the more interesting highlights and you can link over to see the rest, and let us know what you think.
Individual Vehicles
- 1987 Buick ASC GNX
- 1997 Aston Martin DB7 Volante
- 1997 Bentley Continental R
- 2006 Audi A4 Convertible
- 2006 Cadillac STS
- (39) Chrysler TC by Maserati (are there still that many of these even around?)
- 2008 Foose F-150 (2)
- 2007 GMC Acadias (3)
- 2008 Hyundai Accent (see above)
- 2006 Nissan 350Z Roadster
- 2006 Roush Stage 3 F-150 (2)
- 2006 Toyota Corolla
But what actually be more interesting other than individual anomalies is the totals for specific models and brands. Take a look at these numbers and see what I mean.
Groupings - (18) Audi S4 and S6
- (53) Audi A8
- (3,500+) BMWs including an M3, M5, Z3, 850i and (3) 740il Protection
- (52) Cadillac Allante
- (1,047) Jaguars including (9) XJR, (2) XK8 and (96) XJS
- (5,000+) Mercedes-Benz including (142) SL, (3) S600, a 1994 E500, a 1992 500E, 1995 C36 and 1999 C43
OK, these are crazy number to believe especially since all of the cars carried insurance for the last year and were supposedly drivable at the time of trade in. The only question out there from us might be if a majority of these odd trade ins were salvage titled cars surfacing from the southern states after Katrina and other flooding events. They may meet the letter of the law but violate the spirit.
Got any ideas? I am open to suggestions here to make these numbers seem a bit more believable.
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