MN residents take $70 million from ‘Cash for Clunkers’ program

The final figures are in for the “Cash for Clunkers” program. Nearly 700,000 vehicles were scrapped through the program and $2.9 billion in rebate applications were received, according to the White House. Minnesota automobile dealers requested $73,160,500 in rebates, ranking the state 13th in the country in terms of economic impact.

The Toyota Corolla was the most frequently purchased model, followed by the Honda Civic, Toyota Camry and Ford Focus. The most popular model abandoned: Ford Explorer. Vehicles turned in averaged 15.8 miles per gallon, while those purchased averaged 24.9 miles per gallon — an increase of 58 percent.

Next up: Cash for Refrigerators. It doesn’t have quite the same ring.