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Study Finds Cash for Clunkers Program Boosted Average Fuel Economy of All Vehicles Purchased by 0.6 mpg in July and 0.7 mpg in August

Green Car Congress

Average fuel economy of purchased new light-duty vehicles by month, including projection without the program. mpg in July 2009 and 0.7 mpg in August 2009. mpg in July 2009 and 0.7 mpg in August 2009. Generally, the trade-in vehicles must have had fuel economy of 18 mpg or less and be less than 25 years old.

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Cash for Clunkers By the Numbers

Green Car Congress

Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Eighty-four percent of consumers traded in trucks and 59% purchased passenger cars. mpg and the average fuel economy of vehicles purchased is 24.9

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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4

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Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 billion in total. Their paper appears in the online journal The Economists’ Voice.

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

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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% Monthly new vehicle market share for hybrids. Click to enlarge. to 997,824 units, according to summary figures from AutoData. Passenger car sales dropped 10.6% to 443, 297 units. Click to enlarge.

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EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

Green Car Congress

The number of SUV, pickup, minivan, and van models that have combined EPA label values of 20 mpg (11.8 There are almost 3 times more SUVs with combined labels of 25 mpg (9.4 l/100 km) or more and 6 times more cars with ratings of 30 mpg (7.8 The number of cars with 40 mpg or higher (5.9 l/100km) or more.

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Scrappage Scheme Moving Forward in US Congress

Green Car Congress

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.

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