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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% Passenger car sales dropped 10.6% GM total truck sales in July were down 18%, and car sales of 83,736 were off 21% compared with a year ago. Click to enlarge.

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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. At least that was until analysts started to delve a little deeper.

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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. Today we take a closer look at how each manufacturer has faired as US auto sales slowed their decline throughout the month of July. In all, passenger car sales dropped 10.6 Reported sales jumped 31.8