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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% Cadillac Escalade ESV sales increased 32% while Escalade sales increased 3%. Light truck sales were led by the RAV4 compact SUV with best-ever July sales of 15,912 units, up 32.5%