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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% to 554, 527 units, while light truck sales dropped 14.1% Hybrids had an especially good month, with reported sales jumping 31.8%

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Hybrid Sales Plummet After Cash-For-Clunkers Credits Quit

Green Car Reports

We knew all along that the Cash-For-Clunkers program induced July and August car buyers to go for vehicles they might not otherwise have chosen, specifically smaller cars with higher gas mileage. Especially hybrid-electric vehicles from Toyota , Honda , Ford , and others.

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EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

Green Car Congress

l/100 km) or more have increased from three to more than 20 (all hybrid, electric and plug-in hybrid electric vehicles). In addition, the number of diesel offerings has doubled, and there are growing numbers of electric vehicles and plug-in hybrid electric vehicles as well.