Automotive News reports that the percentage of cars made by the Big Three American automakers that were sold during the cash for clunkers program was lower than their overall market share.
The Detroit 3 accounted for only 38.6 percent of the 690,114 vehicles sold under the cash-for-clunkers program, far below their 45.3 percent share of the U.S. market through July, federal data show.
The figures, as of yesterday’s 8 p.m. deadline for filing transactions, suggest that foreign manufacturers got a bigger boost than domestic automakers from the $3 billion government program…
General Motors Co., at 17.6 percent, ranked second in clunkers sales, behind Toyota Motor Sales at 19.4 percent. Ford Motor Co., at 14.4 percent, was third and Honda (13.0 percent) fourth, Nissan (8.7 percent) fifth, Hyundai (7.2 percent) sixth and Chrysler seventh.
The biggest winners in the clunkers program were Toyota, whose U.S. market share through July was 16.3 percent, and Hyundai, whose share was 4.3 percent.
But it should be kept in mind that most of the Toyotas and Hondas sold in the United States are made by American workers at factories in the United States. Between the two largest Japanese automakers, they employ over 50,000 American autoworkers. So while those sales may have gone to companies with a Japanese nameplate, it was primarily American workers who benefited from the additional sales.