Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Monthly new vehicle market share for hybrids. 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% As a result, the SAAR for July surged to 11.24 year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet. The Tacoma mid-size pickup reported sales of 12,552 units for the month, up 7.6% Honda.