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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% All comparisons are by volume. Chevrolet truck sales increased 27%, led by increases by Silverado, Suburban, Avalanche, Colorado, HHR and Equinox. Passenger car sales dropped 10.6%