ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. It was a great opportunity to get some insights from this natural experiment about trade-in promotions and the effect of trade-in rebates that nobody had looked at before. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers.

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. New vehicle market share for reported hybrid sales in September dropped back down to 2.7% September 2009 had 25 sales days compared to 24 days for September 2008. year-on-year to 878 units, but the Fusion and Milan hybrids accounted for 1,260 units. Reported hybrid sales by month.

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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

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%

US hybrid sales slump in September

Green Cars News

What would happen when the cash for clunkers sales boom came to an end has been a question many automotive executives in the USA dared not think about. per cent, but the new Fusion and Milan hybrid accounted for 1,260 units. per cent to 152 units, but the new Honda Insight sold 1,746 units. Well, now they have their answers.

A closer look at US auto sales in July

Green Cars News

Yesterday we told you how the cash for clunkers scheme has enjoyed early success in the USA. per cent new vehicles sales market share for the month, the highest monthly share to date. Let’s take a look at the results from each major manufacturer: Chrysler: Total US sales for July stood at 88,900 units, a decrease of nine per cent year on year, although up 30 per cent compared to June.

Reported Sales of US Hybrids Up 48.6% in August; 3.07% Market Share

Green Car Congress

Buoyed by the extension of the US Cash for Clunkers (CARS) program, as well as the availability of more hybrid models on the market, reported sales of hybrids in the US jumped 48.6% All comparisons here are by volume, not adjusted for the daily selling rate.). the new Insight. Total Ford Escape sales totaled 20,933, a sales record for August, and up 49% versus a year ago. Mercury Mariner sales were 3,921 (also a record for August), up 50%.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

For every kJ of chemical energy in the fuel for a spark ignition internal combustion engine, 73 % is sacrificed to chemical and thermal losses. Breaking out the 22%, aerodynamic losses account for 39%, tire resistance is 25%, transmission and drivetrain 20%, accessories 12% and bearings 3%. “ 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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