Cash for Clunkers

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15 Dec 2010

Little Fuel Savings in Cash for Clunkers

In many of Cash for Clunkers transactions, people simply traded in one gas guzzler for a vehicle that guzzled only slightly less gas. On average, the new cars got about 9 miles per gallon more than the vehicles being traded in. In a quarter of all the Cash for Clunkers transactions, the new vehicles got, at best, only 5 mpg more than the trade-ins.