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Posts tagged with the keyword: ‘car’

Cash For Clunkers Program Was Failure

Cash For Clunkers Program Was Failure

By Mira Oberman (AFP)
CHICAGO — US auto sales plunged 22.7 percent in September after the end of the popular “Cash for Clunkers” program left cautious consumers with few reasons to visit dealerships, industry data showed Thursday.
But the Detroit Three managed to claw back some of the share they had lost. Asian automakers had captured more [...]

New car sales slump after ‘cash for clunkers’ ends

New car sales slump after ‘cash for clunkers’ ends

Original article at LATimes
September auto sales drop 23% from a year earlier. GM’s plunge 45% and Chrysler’s fall 43%; Honda and Toyota also report double-digit slides. Kia and Hyundai have double-digit increases.
New car sales fell in September as the predicted post-”cash for clunkers” slump dragged the U.S. market down to its lowest levels in seven [...]

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