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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% Retail sales were down 9% while fleet sales declined 47%. Light truck sales were led by the RAV4 compact SUV with best-ever July sales of 15,912 units, up 32.5% Click to enlarge.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five. Cash for Clunkers.

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