(CARS) Cash for Clunkers

'CASH-FOR-CLUNKERS'

Driving Idaho’s Economy
“Cash for Clunker” Contributions of Idaho’s New-Vehicle Dealers

Value of CARS payments requested in US……………………………………………………….…..$2,877,900,000
Number of CARS payments requested in US ……………………………………………………………..……690,114
Calculated average CARS payment per vehicle ………………………………………………………….……..$4,170
Value of CARS payments requested in Idaho ……………………………………………………………$11,655,000
Calculated number of vehicles in Idaho in CARS program …………………………………………………..2795
US car trade-in percentage ……………………………………………………………………………………….………….59%
US truck trade-in percentage ………………………………………………………………………………….……………41%
Calculated number of cars in Idaho in CARS program …………………………………………………………1,649
Calculated number of trucks in Idaho in CARS program ……………………………………………………..1,146
Average selling price per car - July 2009 ………………………………………………………………………..$21,309
Average selling price per truck - July 2009 ……………………………………………………….…………….$29,873
Calculated value of cars sold in the CARS program in Idaho …………………………………….$35,137,633
Calculated value of trucks sold in the CARS program in Idaho …………………………………$34,231,041
Calculated value of vehicles sold in the CARS program in Idaho ………………………………$69,368,674
Idaho Sales Tax Rate ……………………….………………………..…………………………………………………………6.0%
Unadjusted Idaho Sales Tax for vehicles sold in CARS program .……………………………..$4,162,120