So far, auto buyers in the U.S. have signed contracts to trade in 358,851 clunkers for new vehicles, stimulated in large part by government rebates of up to $4,500.

AP reports that most of the trade ins have been pickups/SUVs. And what are they driving off the lots in exchange?

1. Toyota Corolla
2. Honda Civic
3. Ford Focus
4. Toyota Camry
5. Toyota Prius
6. Hyundai Elantra
7. Ford Escape (front-wheel-drive)
8. Honda Fit
9. Nissan Versa
10. Honda CR-V (four-wheel-drive)

Interestingly, there are 3 Hondas, 3 Toyotas, 2 Fords, 1 Nissan and 1 Hyundai — hmm, but no General Motors or Chryslers on the list . . .

File Under: So US consumers buying Japanese cars with a loan from US taxpayers is good for US economy?

Top 10 vehicles bought by people trading clunkers Associated Press, August 18, 2009