article thumbnail

Cash for clunkers: a summary

Green Cars News

The US Cash for Clunkers scheme ran out of cash on Tuesday with 690,114 dealer transactions submitted. According to official statistics, 84 per cent of consumers traded in trucks and 59 per cent purchased passenger cars. per cent; followed by General Motors (GM) at 17.6 So did it achieve its objectives?

article thumbnail

Cash for clunkers enjoys early success

Green Cars News

So after the UK’s vehicle scrappage scheme was hailed a success, what of the so-called “cash for clunkers&# programme in the US? Even though corporate purchases of vehicle fleets continued to drop, the number of retail sales of Ford cars and pick-up trucks among the public leapt by nine per cent.

article thumbnail

US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. billion in rebates.

article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. So is this scheme green at all? Faye Sunderland.

article thumbnail

US hybrid sales slump in September

Green Cars News

What would happen when the cash for clunkers sales boom came to an end has been a question many automotive executives in the USA dared not think about. September 2009 light duty vehicle sales dropped back to pre-incentive lows with 745,997 cars and light duty trucks sold during the month according to Autodata.

article thumbnail

A closer look at US auto sales in July

Green Cars News

Yesterday we told you how the cash for clunkers scheme has enjoyed early success in the USA. In all, passenger car sales dropped 10.6 General Motors: A total of 189,443 vehicles were sold in July, that’s a 19.4 per cent to 566,527 with hybrids having a particularly good month. Reported sales jumped 31.8

article thumbnail

Hybrid sales leap in the US

Green Cars News

The cash for clunkers campaign has given a massive boost to hybrid sales in the US, with a reported leap by 48.6 General Motors: GM sold a total of 1,708 hybrids during the month – an increase of 4.8 per cent in August year on year. per cent of new vehicle sales. Compared to July 2009 results, hybrid sales increased by 9.2

Hybrid 46