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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. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.

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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% The new Honda Insight hybrid posted 2,295 units. Monthly new vehicle market share for hybrids. Click to enlarge. to 997,824 units, according to summary figures from AutoData.

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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% the new Insight. Market share of reported hybrid sales in the US. Click to enlarge. in August year-on-year to 38,701 units.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Cash for Clunkers. There are two bills in the US House of Representatives to give people cash for replacing an old, fuel inefficient vehicle with a new, more efficient, one. “ 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.

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