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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Toyota Fortuner / SW4: midsize SUV Japan 2005–present Asia, Australia, New Zealand, South America Toyota Toyota FJ Cruiser: midsize SUV Japan 2006–present worldwide Toyota Land Cruiser Wagon 3-Door: subcompact Japan 1984–present Middle East Toyota Land Cruiser Wagon 4-Door: compact Japan 1984–present
Rebates, employee pricing, and 0% financing boosted sales but drained the automaker's cash reserves. The subprime mortgage crisis and high oil prices of 2008 caused the popularity of once best-selling trucks and SUVs to plummet. Automakers were forced to continue offering heavy incentives to help clear excess inventory. [90]
Toyota Motor North America (TMNA) reported U.S. sales of 162,595 vehicles in September, a decline of 20.3% in volume and 9.9% on a daily selling rate basis. ... “With 30 electrified vehicles now ...
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Some SUVs produced today use unibody construction; however, in the past, more SUVs used body-on-frame construction. During the late 1990s and early 2000s, the popularity of SUVs significantly increased, often at the expense of the popularity of large sedans and station wagons. SUVs accounted for 45.9% of the world's passenger car market in 2021 ...
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