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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% GM dealers delivered 189,443 total vehicles in July, a 19.4% Nissan North America reported sales for July of 71,847 units, a decrease of 24.6%. Click to enlarge. General Motors.

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Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Since some of that isn’t settled yet, dealers are getting anxious. Car dealers are asset rich and cash poor.