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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% Chrysler Group LLC reported total US sales for July 2009 of 88,900 units, a decrease of 9% year-on-year, although up 30% versus June 2009. Monthly new vehicle market share for hybrids.
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.
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.
Chrysler-Fiat had the highest CO 2 emissions and lowest fuel economy, followed by Daimler. In MY 2012, for the 11 manufacturers shown, Mazda had the lowest fleet-wide adjusted composite CO 2 emissions and highest adjusted fuel economy performance, followed by Honda.
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