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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% Hybrid new vehicle market share by month. General Motors.

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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% year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet.

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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In some parts of Europe, for example, the government is only providing incentives for electrified vehicles.

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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. The average fuel economy of the vehicles being traded in was just 15.8mpg, but the average of those being bought was 24.9mpg - that’s an improvement of 58 per cent. per cent; followed by General Motors (GM) at 17.6

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Cash for clunkers enjoys early success

Green Cars News

So after the UK’s vehicle scrappage scheme was hailed a success, what of the so-called “cash for clunkers&# programme in the US? Even though corporate purchases of vehicle fleets continued to drop, the number of retail sales of Ford cars and pick-up trucks among the public leapt by nine per cent.

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US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. billion in rebates.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. With General Motors and Chrysler also showing signs of modest improvement, all looked rosy.