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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. The state that requested the largest share of the cash for clunkerscash was California with 11.3
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. So is this scheme green at all? Faye Sunderland.
What would happen when the cash for clunkers sales boom came to an end has been a question many automotive executives in the USA dared not think about. September 2009 light duty vehicle sales dropped back to pre-incentive lows with 745,997 cars and light duty trucks sold during the month according to Autodata.
Yesterday we told you how the cash for clunkers scheme has enjoyed early success in the USA. In all, passenger car sales dropped 10.6 The all-new redesigned Prius faired particularly well with best-ever July sales of 19,173 units, up 29.7 per cent to 566,527 with hybrids having a particularly good month.
The cash for clunkers campaign has given a massive boost to hybrid sales in the US, with a reported leap by 48.6 The world’s most popular hybrid car, the Prius, saw sales of 18,886 units – up 40.3 Tags: Ford Greencars Honda Hybrid cars Latest news Lexus Nissan Toyota general motors.
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