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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% General Motors. Toyota Motor Sales, USA (TMS) reported July sales of 174,872, down 11.4% American Honda Motor Co., Jeep Compass sales were up 95% (2,727 units) versus July 2008.

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Cash for clunkers: a summary

Green Cars News

The US Cash for Clunkers scheme ran out of cash on Tuesday with 690,114 dealer transactions submitted. According to official statistics, 84 per cent of consumers traded in trucks and 59 per cent purchased passenger cars. per cent; followed by General Motors (GM) at 17.6 So did it achieve its objectives?