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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., Monthly new vehicle market share for hybrids. Click to enlarge.

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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? Meanwhile Ford’s US rivals General Motors and Chrysler also showed signs of modest improvement as their rate of decline slowed.

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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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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. 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 jumped 31.8