Automakers are already maneuvering to try to outdo each other to take advantage of the government's Junkyardsmallpg-horizontal Cash for Clunkers program. That's what most of us have been calling the program that offers credit up to $4,500 to turn in an old gas guzzler in exchange for buying a new car.
To help you decide, Drive On has been
looking over some of the various "clunker calculators" that have turned up to tell you the gas mileage and trade-in value of your old car, and how it compares on both factors with the new one. Kelley Blue Book is teaming with Ford to produce the kbb.com "Cash for Clunkers Calculator." Find it by clicking here. And look what Hyundai is finding already:
Hyundai is already jumping ahead of the others with a clunkers program. The brand expects to gain about 10% in additional sales from the program, says John Krafcik, president of the U.S. division. So far, the biggest trade-in is - drum roll please - the Ford Explorer. That glut of Explorers from the late 1990s is going to fill the clunker lot, Krafcik predicts. The Ford brand overall is the most traded-in vehicle. But he says Hyundai dealers are also seeing old luxury cars showing up, including Mercedes-Benz and Cadillac vehicles. What gas sippers are people buying? He said the practical Elantra is most popular so far..