The now defunct CARS program, or Cash for Clunkers, requires that engines be disabled at the dealer and then the body shredded within 180s days. With 719,000 vehicles removed from the road, the auto repair business will suffer as an unintended consequence of the trade-in replacement program because it shredded vehicles in their prime repair years.
According to the latest research from the consulting group Frost & Sullivan, the net impact on the repair business will be felt largely in two areas — part sales and lost labor revenue coming from removal of the clunkers vehicles.
|1||Ford Explorer 4WD||Toyota Corolla|
|2||Ford F-150||Honda Civic|
|3||Jeep Grand Cherokee 4WD||Toyota Camry|
|4||Ford Explorer||Ford Focus|
|5||Dodge Caravan/Grand Caravan||Hyundai Elantra|
|6||Jeep Cherokee 4WD||Nissan Versa|
|7||Chevrolet Blazer 4WD||Toyota Prius|
|8||Chevrolet C1500||Honda Accord|
|9||Ford F-150 4WD||Honda Fit|
|10||Ford Windstar||Ford Escape|
|Source: Frost & Sullivan|