General Motors, Toyota Motor (TM) Chrysler Group, Honda Motor (HMC) and Nissan (NSANY) all reported drops in sales compared to a year ago, but sales rose sharply from June. That allowed industrywide sales to reach nearly 1 million vehicles in July
GM estimated that Cash for Clunkers boosted industrywide sales by 118,000 vehicles, with two-thirds of the purchases coming from buyers turning in clunkers, and the rest from people who came to dealers because of the program and decided to buy a new car even though they didn't have a clunker that qualified.
How many's cars can you buy with 1 billion dollars at $4500 per car the most . 1 billion is 1 thousand millions divided by $4500 is 10000000000 / 4500 = 2222222.2222... That's two million, two hundred and twenty two thousand, two hundred and twenty ... Hmmm. Where did the money go?