Cash for clunkers – see how much stimulus money your state received

AUGUST 26, 2009–It’s always interesting to see how our own state fared in federal programs. The cash for clunkers stimulus program received so much attention I thought it would be fun to take a look at each states success.

It would also be interesting to see the unemployment rate against the clunker success in each state. (current unemployment rates may be seen here)

Was the cash for clunkers program a success?

It depends on the intended purpose.

It was a success if the purpose was to clear out the 2009 new car inventories.

Top 10 new vehicles purchased
1. Toyota Corolla
2. Honda Civic
3. Toyota Camry
4. Ford Focus FWD
5. Hyundai Elantra
6. Nissan Versa
7. Toyota Prius
8. Honda Accord
9. Honda Fit
10. Ford Escape FWD

The project started July 27, 2009 and concluded on August 24, 2009.

As of August 13, $1.4B incentive dollars had been extended towards 338,659 vehicles

As of August 20, $1.9B incentive dollars had been extended towards 457,000 vehicles

As of August 26, $2.8B incentive dollars had been extended towards 690,114 vehicles

After I crunched the numbers I suspect that the federal administrative costs have not been included in the “successful” completion of the project coming in “under budget.”

I’ve heard federal administrative costs would run anywhere from 10% to 30% ($350-$1,500) per vehicle. I have not seen any actual costs associated with the project.

No data has come in for the administrative costs of the dealerships.

“Requested” voucher dollar amount by state:
Alabama $31,251,500
Alaska $4,868,500
Arizona $39,542,500
Arkansas $23,402,500
California $326,822,000
Colorado $37,676,500
Connecticut $40,114,000
Delaware $11,235,000
District of Columbia $67,500
Florida $146,565,000
Georgia $70,496,000
Guam $675,000
Hawaii $7,333,500
Idaho $11,655,000
Illinois $143,613,000
Indiana $65,797,000
Iowa $37,728,000
Kansas $31,496,500
Kentucky $40,246,500
Louisiana $33,376,500
Maine $16,579,500
Maryland $74,903,000
Massachusetts $64,855,000
Michigan $132,407,500
Minnesota $73,160,500
Mississippi $12,463,500
Missouri $61,271,500
Montana $6,461,000
Nebraska $21,784,500
Nevada $14,582,000
New Hampshire $23,045,500
New Jersey $103,375,500
New Mexico $13,941,500
New York $156,292,000
North Carolina $78,601,500
North Dakota $8,938,000
Ohio $136,267,000
Oklahoma $37,422,000
Oregon $37,531,500
Pennsylvania $138,651,500
Puerto Rico $2,252,000
Rhode Island $10,690,500
South Carolina $37,207,500
South Dakota $10,367,500
Tennessee $50,949,000
Texas $183,776,500
Utah $24,102,500
Vermont $9,879,000
Virgin Islands $1,553,000
Virginia $98,523,500
Washington $55,927,500
West Virginia $13,477,000
Wisconsin $70,165,000
Wyoming $2,513,000

Current Unemployment Rates for States and Historical Highs/Lows
Seasonally Adjusted
  July 2009p Historical High Historical Low
State Rate Date Rate Date Rate
Alabama 10.2 Dec. 1982 14.4 Feb. 2007 3.3
Alaska 8.3 July 1986 11.5 Sept. 1999 5.9
Arizona 9.2 Feb. 1983 11.5 June 2007 3.6
Arkansas 7.4 Mar. 1983 10.2 Sept. 2000 4.1
California 11.9 June 2009 11.6 Feb. 2001 4.7
Colorado 7.8 Nov. 1982 9.1 Jan. 2001 2.5
Connecticut 7.8 Jan. 1976 10.0 Nov. 2000 2.1
Delaware 8.2 June 2009 8.4 Oct. 1988 2.9
District of Columbia 10.6 Mar. 1983 11.4 Dec. 1988 4.8
Florida 10.7 June 2009 10.6 July 2006 3.3
Georgia 10.3 June 2009 10.1 Dec. 2000 3.4
Hawaii 7.0 Mar. 1976 10.2 Dec. 2006 2.2
Idaho 8.8 Feb. 1983 9.4 May 2007 2.8
Illinois 10.4 Feb. 1983 12.9 Mar. 1999 4.1
Indiana 10.6 Nov. 1982 12.8 Apr. 1999 2.6
Iowa 6.5 May 1983 8.5 Jan. 2000 2.6
Kansas 7.4 Sept. 1982 7.4 Oct. 1978 2.9
Kentucky 11.0 Dec. 1982 12.1 Mar. 2000 4.0
Louisiana 7.4 Sept. 1986 12.9 July 2006 3.2
Maine 8.4 Mar. 1977 9.0 Jan. 2001 3.0
Maryland 7.3 Aug. 1982 8.3 Mar. 2000 3.3
Massachusetts 8.8 Jan. 1976 10.9 Dec. 2000 2.7
Michigan 15.0 Nov. 1982 16.9 Mar. 2000 3.2
Minnesota 8.1 Nov. 1982 9.0 Apr. 1999 2.5
Mississippi 9.7 May 1983 13.7 Jan. 2001 4.9
Missouri 9.3 Apr. 1983 10.5 Jan. 2000 2.6
Montana 6.7 May 1983 8.7 Mar. 2007 3.2
Nebraska 4.9 Feb. 1983 6.8 Feb. 1998 2.2
Nevada 12.5 June 2009 12.0 Mar. 2006 4.2
New Hampshire 6.8 June 1992 7.7 Apr. 1987 1.9
New Jersey 9.3 Feb. 1977 10.6 June 2000 3.5
New Mexico 7.0 Apr. 1983 9.9 Oct. 2007 3.5
New York 8.6 July 1976 10.5 Apr. 1988 4.0
North Carolina 11.0 May 2009 11.1 Apr. 1999 3.1
North Dakota 4.2 Mar. 1983 6.9 Jan. 1998 2.5
Ohio 11.2 Jan. 1983 13.8 Mar. 2001 3.9
Oklahoma 6.5 Aug. 1986 9.4 Jan. 2001 2.7
Oregon 11.9 June 2009 12.2 Apr. 1995 4.7
Pennsylvania 8.5 Mar. 1983 12.9 Mar. 2000 4.0
Rhode Island 12.7 June 2009 12.4 July 1988 2.9
South Carolina 11.8 June 2009 12.1 Mar. 1998 3.1
South Dakota 4.9 Oct. 1982 5.9 Mar. 2000 2.4
Tennessee 10.7 Dec. 1982 12.4 Mar. 2000 3.8
Texas 7.9 Oct. 1986 9.3 July 2007 4.3
Utah 6.0 Mar. 1983 9.7 Mar. 2007 2.4
Vermont 6.8 June 1976 9.0 Mar. 2000 2.2
Virginia 6.9 Jan. 1983 7.8 Jan. 2001 2.2
Washington 9.1 Nov. 1982 12.2 Apr. 2007 4.4
West Virginia 9.0 Mar. 1983 18.2 Jan. 2008 4.1
Wisconsin 9.0 Jan. 1983 11.8 Apr. 1999 2.9
Wyoming 6.5 May 1983 10.1 Feb. 1979 1.9
Note: Data series begin in January 1976.

p = preliminary.

I’m still skeptical of the whole project (see my previous post). Not all the data is in yet. I’ll keep you posted when it does.

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