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Average fuel economy of purchased new light-duty vehicles by month, including projection without the program. The Car Allowance Rebate System (CARS)—“Cash for Clunkers”—gave buyers a rebate when they traded in a vehicle while purchasing a new one. Source: Sivak and Schoettle 2009. Click to enlarge. Earlier post.)
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% to 554, 527 units, while light truck sales dropped 14.1% Light truck sales were down 10.1% to 76,724; total light truck sales were down 20.6% Click to enlarge. to 443, 297 units.
Changes in light-duty vehicle technology penetration share. Light trucks accounted for 42% of all light-duty vehicle production in MY 2011—a 5% increase over MY 2010. Light-Duty Automotive Technology, Carbon Dioxide Emissions, and Fuel Economy Trends: 1975 Through 2012. Source: EPA. Click to enlarge.
Dingell, Congresswoman Betty Sutton, Congressman Jay Inslee, and Congressman Bart Stupak reached an agreement on a “Cash for Clunkers” scrappage program. The program will be authorized for up to one year and provide for approximately one million new car or truck purchases. Waxman, Subcommittee Chairman Edward J.
Other highlights of the latest Trends report include: Light truck market share decreased in MY 2012, but continues to be variable. Light trucks (pickups, minivans/vans, and truck SUVs), accounted for 36% of all light-duty vehicle production in MY 2012, the second lowest level since 1993. mpg, or 22%. square feet in MY 2012.
Buoyed by the extension of the US Cash for Clunkers (CARS) program, as well as the availability of more hybrid models on the market, reported sales of hybrids in the US jumped 48.6% Overall sales of light duty vehicles in the US rose 1% to 1,261,977 units in August, according to figures from Autodata. Click to enlarge.
That day was about chronicling the junkyard results of Cash for Clunkers, though, and my readers gnashed their teeth over many vehicles that yielded their owners vouchers worth $2,500 to $4,500 applicable for the purchase of qualifying new vehicles. market Volvos got unsightly side marker lights.
The thin LED light running across the front end is reminiscent of the Cybertruck, a much slower seller that launched just over a year ago. The cash-for-clunkers program provided a major lift to sales last year, with more than 3.7 million vehicles purchased under the program. (REUTERS/Florence Lo) Tesla Inc.
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