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http://www.earthtimes.org/articles/news/342213,years-cash-for-clunkers-summary.html
Posted : Wed, 01 Sep 2010 18:55:46 GMT
By : dpa
US car sales fell sharply in August compared to the same month in 2009, when the government's "cash-for-clunkers" incentives programme sharply boosted demand for cars.
General Motors, the largest US carmaker, said Wednesday that sales plunged 25% to 185,176 vehicles in August, while rival Ford reported an 11% drop in sales to 157,503.
Toyota, the world's largest carmaker, which has suffered this year amidst a series of damaging safety recalls, said US sales plunged 34% cent to 148,388 in August. Japanese rival Honda reported a 33% plunge in sales to 108,729.
Don Esmond, a vice president of Toyota Motor Sales USA, insisted the company was "pleased with how the month shaped up" despite the sharp drop.
Demand in August 2009 was lifted as a popular government programme offered up to 4,500 dollars for buyers to trade in their old petrol- guzzling cars for new vehicles.
The cash for clunkers initiative was designed to boost a flagging car market hit by the US recession. Sales had been rising steadily this year as the world's largest economy embarks on a slow recovery.
Chrysler was the only major carmaker to post an increase in year- on-year car sales in the US, reporting a 7-per-cent increase in August to 99,611.
Both GM and Chrysler went through bankruptcy in the early summer of last year, but had re-emerged from the court process by the time of 2009 August sales.
http://www.earthtimes.org/articles/news/342213,years-cash-for-clunkers-summary.html
Posted : Wed, 01 Sep 2010 18:55:46 GMT
By : dpa
US car sales fell sharply in August compared to the same month in 2009, when the government's "cash-for-clunkers" incentives programme sharply boosted demand for cars.
General Motors, the largest US carmaker, said Wednesday that sales plunged 25% to 185,176 vehicles in August, while rival Ford reported an 11% drop in sales to 157,503.
Toyota, the world's largest carmaker, which has suffered this year amidst a series of damaging safety recalls, said US sales plunged 34% cent to 148,388 in August. Japanese rival Honda reported a 33% plunge in sales to 108,729.
Don Esmond, a vice president of Toyota Motor Sales USA, insisted the company was "pleased with how the month shaped up" despite the sharp drop.
Demand in August 2009 was lifted as a popular government programme offered up to 4,500 dollars for buyers to trade in their old petrol- guzzling cars for new vehicles.
The cash for clunkers initiative was designed to boost a flagging car market hit by the US recession. Sales had been rising steadily this year as the world's largest economy embarks on a slow recovery.
Chrysler was the only major carmaker to post an increase in year- on-year car sales in the US, reporting a 7-per-cent increase in August to 99,611.
Both GM and Chrysler went through bankruptcy in the early summer of last year, but had re-emerged from the court process by the time of 2009 August sales.
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