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The verdict is in. The federal government&#39;s $3 billion &quot;Cash for Clunkers&quot; program—which ended its month-long run on Monday—has been a success, at least according to The Washington Post. The paper notes that more than 690,000 new vehicles are hitting the roads because of the program, with a corresponding number of older (and likely less fuel-efficient) cars and trucks being retired in the process. &lt;p&gt;More impressive in these gloomy times is the hiring picture: one analyst quoted in the &lt;i&gt;Post&lt;/i&gt; piece claims that the program has saved some 39,000 jobs from elimination. So overwhelmed is GM with orders that it&#39;s reinstating 1,350 workers and adding overtime for 10,000 more. Salvation, at least in the short-term economic sense, has arrived in parts of the manufacturing belt, with knock-on effects sure to follow.&lt;p&gt;While the WaPo writer clearly enjoyed a name-brand microwaveable breakfast sandwich before writing about the program, it would appear that the folks over at BusinessWeek&#39;s Auto Beat column awoke to a dispiriting bowl of generic cereal and sour milk. In addition to quoting a J.D. Power survey that suggests as many as 70 percent of the sales under the program may have happened without it, the &lt;i&gt;Auto Beat&lt;/i&gt; piece ends with the following dispiriting analysis: &quot;Cash for clunkers came and went in about two months. But now automakers must sell in an economy whose fundamentals are still weak. It will be a tough road for some time to come.&quot;&lt;p&gt;&lt;b&gt;Some stats on the program:&lt;/b&gt;&lt;p&gt;&lt;ul&gt;&lt;li type=&quot;disc&quot;&gt; Total number of transactions: 690,114 (Dept. of Transportation)&lt;li type=&quot;disc&quot;&gt; Total value of rebate applications: $2.877 billion (Dept. of Transportation)&lt;li type=&quot;disc&quot;&gt; Eight of the top 10 new cars purchased under the program were made by Asian automakers (&lt;i&gt;The Washington Post&lt;/i&gt;)&lt;li type=&quot;disc&quot;&gt; &quot;All of the top 10 clunkers turned in were made by a Detroit company&quot; (&lt;i&gt;The Washington Post&lt;/i&gt;)&lt;li type=&quot;disc&quot;&gt; &quot;Toyota was the biggest beneficiary, getting 19.4% of sales, with General Motors getting 17.6% and Ford getting 14.4% of sales from the program.&quot; (&lt;i&gt;BusinessWeek&lt;/i&gt;) &lt;li type=&quot;disc&quot;&gt; &quot;84% of trade-ins under the program are trucks, and 59% of new vehicles purchased are cars&quot; (Dept. of Transportation)&lt;li type=&quot;disc&quot;&gt; &quot;The average fuel economy of the vehicles traded in was 15.8 miles per gallon and the average fuel economy of vehicles purchased is 24.9 mpg. – a 58 percent improvement&quot; (Dept. of Transportation)&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/pstott/folders/Jing/media/30175dba-5d28-41a7-97b7-b6416d9c2a36/2009-08-27_1051.png&quot; width=&quot;416&quot; height=&quot;274&quot; border=&quot;0&quot;&gt;&lt;br&gt;Associated Press/Tony Dejak&lt;p&gt;&lt;i&gt;&lt;b&gt;--Posted by Phil Stott, Vault Staff Writer&lt;/b&gt;&lt;/i&gt;

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