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September Auto Sales Plunge in Aftermath of Cash for Clunkers; SAAR at 9.2M units, LDV Sales Down 41% from August, Hybrid Sales Down 48%

Green Car Congress

In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. General Motors dealers in the United States delivered 155,679 light duty vehicles in September, down 45% year-on-year. Reported hybrid sales by month. General Motors.

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BREAKING: Cash-For-Clunkers May Be Over, Out Of Money, Kaput

Green Car Reports

As we enter the news day on Thursday, it appears that the "Cash For Clunkers" program could well be out of cash.

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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% Monthly new vehicle market share for hybrids. Click to enlarge. Passenger car sales dropped 10.6% to 443, 297 units.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. Cash for Clunkers. —Bill Cooke.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. It helps that the auto industry will be building more efficient new vehicles. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program. It’s a 21st-century equivalent of what we did in 1942. We just had to do it.

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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.