Menendez Announces More Than $103 Million In Cash For Clunkers Rebates Requested In NJ

Menendez Announces More Than $103 Million In Cash For Clunkers Rebates Requested In NJ

As program comes to an end, Menendez hails the benefits to NJ consumers, businesses and environment

Washington - After the "Cash for Clunkers" program came to a close last night, U.S. Senator Robert Menendez (D-NJ) announced today that a total of $103,375,500 in rebates was requested at New Jersey dealerships. New Jerseyans took advantage of the program at a greater rate than the national average -- $12.29 in rebates were requested per New Jerseyan, which is higher than the national average of $10.48. The Cash for Clunkers program offered rebates of up to $4,500 for consumers who traded in gas guzzlers for more fuel efficient new cars. "At a time when initiatives to spur economic activity is needed, this program was a tremendous success, particularly in New Jersey," said Menendez. "As a result of it, hundreds of millions of dollars have been pumped into local businesses, thousands of jobs have been supported, and thousands of New Jersey families will be saving money at the pump. This also helps us clean the air we breathe and reduce our dependence on foreign oil from oil-rich dictators. 'Cash for Clunkers' has helped move us toward an economic recovery and economic security in the 21st Century.

"The tremendous popularity of the program has led to some delays along the way, but I have been working closely with dealers, customers, and the Department of Transportation to make sure every New Jersey application is handled as efficiently as possible. In response to inquiries from our office and others, the National Highway Transportation Safety Administration has tripled the number of staff processing inquiries. I have been assured that every dealer who has legitimately requested a rebate will soon receive one."

Background on the Cash for Clunkers program:

b>
C.A.R.S. Program Statistics
Wednesday, August 26th, 2009
b>
Dealer Transactions
Number Submitted: 690,114
Dollar Value: $2,877.9M
b>
Top 10 New Vehicles Purchased
  1. Toyota Corolla
  2. Honda Civic
  3. Toyota Camry
  4. Ford Focus FWD
  5. Hyundai Elantra
  6. Nissan Versa
  7. Toyota Prius
  8. Honda Accord
  9. Honda Fit
  10. Ford Escape FWD
New Vehicles Manufacturers
Toyota 19.4%
General Motors 17.6%
Ford 14.4%
Honda 13.0%
Nissan 8.7%
Hyundai 7.2%
Chrysler 6.6%
Kia 4.3%
Subaru 2.5%
Mazda 2.4%
Volkswagen 2.0%
Suzuki 0.6%
Mitsubishi 0.5%
MINI 0.4%
Smart 0.2%
Volvo 0.1%
All Other <0.1%
b>
b>
Top 10 Trade-in Vehicles
  1. Ford Explorer 4WD
  2. Ford F150 Pickup 2WD
  3. Jeep Grand Cherokee 4WD
  4. Ford Explorer 2WD
  5. Dodge Caravan/Grand Caravan 2WD
  6. Jeep Cherokee 4WD
  7. Chevrolet Blazer 4WD
  8. Chevrolet C1500 Pickup 2WD
  9. Ford F150 Pickup 4WD
  10. Ford Windstar FWD Van
b>
Vehicles Purchased by Category
Passenger Cars: 404,046
Category 1 Truck: 231,651
Category 2 Truck: 46,836
Category 3 Truck: 2,408
b>
Vehicle Trade-in by Category
Passenger Cars: 109,380
Category 1 Truck: 450,778
Category 2 Truck: 116,909
Category 3 Truck: 8,134
b>
84% of trade-ins under the program are trucks, and 59% of new vehicles purchased are cars. The program worked far better than anyone anticipated at moving consumers out of old, dirty trucks and SUVs and into new more fuel-efficient cars.
Average Fuel Economy
New vehicles Mileage: 24.9 MPG
Trade-in Mileage: 15.8 MPG
Overall increase: 9.2 MPG, or a 58% improvement
Cars purchased under the program are, on average, 19% above the average fuel economy of all new cars currently available, and 59% above the average fuel economy of cars that were traded in. This means the program raised the average fuel economy of the fleet, while getting the dirtiest and most polluting vehicles off the road.
Requested Voucher Dollar Amount by State:
ALABAMA
$31,251,500
ALASKA
$4,868,500
ARIZONA
$39,542,500
ARKANSAS
$23,402,500
CALIFORNIA
$326,822,000
COLORADO
$37,676,500
CONNECTICUT
$40,114,000
DELAWARE
$11,235,000
DISTRICT OF COLUMBIA
$67,500
FLORIDA
$146,565,000
GEORGIA
$70,496,000
GUAM
$675,000
HAWAII
$7,333,500
IDAHO
$11,655,000
ILLINOIS
$143,613,000
INDIANA
$65,797,000
IOWA
$37,728,000
KANSAS
$31,496,500
KENTUCKY
$40,246,500
LOUISIANA
$33,376,500
MAINE
$16,579,500
MARYLAND
$74,903,000
MASSACHUSETTS
$64,855,000
MICHIGAN
$132,407,500
MINNESOTA
$73,160,500
MISSISSIPPI
$12,463,500
MISSOURI
$61,271,500
MONTANA
$6,461,000
NEBRASKA
$21,784,500
NEVADA
$14,582,000
NEW HAMPSHIRE
$23,045,500
NEW JERSEY
$103,375,500
NEW MEXICO
$13,941,500
NEW YORK
$156,292,000
NORTH CAROLINA
$78,601,500
NORTH DAKOTA
$8,938,000
OHIO
$136,267,000
OKLAHOMA
$37,422,000
OREGON
$37,531,500
PENNSYLVANIA
$138,651,500
PUERTO RICO
$2,252,000
RHODE ISLAND
$10,690,500
SOUTH CAROLINA
$37,207,500
SOUTH DAKOTA
$10,367,500
TENNESSEE
$50,949,000
TEXAS
$183,776,500
UTAH
$24,102,500
VERMONT
$9,879,000
VIRGIN ISLANDS
$1,553,000
VIRGINIA
$98,523,500
WASHINGTON
$55,927,500