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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% Some highlights: The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19,173 units, up 29.7% over July 2008. over July 2008. Click to enlarge.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

In a session on total vehicle energy consumption, several people shared similar pie charts showing the flow of energy within an automobile. How did the high fuel prices impact customer behavior in 2008? A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Cash for Clunkers.

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