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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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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. Well, Toyota reaped the largest percentage of sales under the programme with 19.4

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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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GM Launches Trial of Sales on eBay

Green Car Congress

Starting tomorrow and running through 8 September, GM is running a test program for online car sales on eBay in California at gm.ebay.com. With more than 225 GM dealers in California participating, shoppers can at any given time expect to see a selection of up to 20,000 new GM vehicles, according to the company.

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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.

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Cash for Volts?

Revenge of the Electric Car

WASHINGTON -(Dow Jones)- Move over, cash for clunkers. However, “we’re talking about heavy investment&# in cars, batteries and supporting technology, said Nissan Motor Co. The group notes that Japan and the European Union already offer large financial incentives to spur electric vehicle purchases.

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