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Without Clunker Program, Auto Sales Fall Back

Detroit : MI : USA | about 1 month ago  
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  • US consumer spending driven by 'clunkers' program
    US consumer spending driven by 'clunkers' program
    Source: AFP
US consumer spending driven by 'clunkers' program
After two frenzied months during the government’s cash-for-clunkers program, new-vehicle sales fell in September back to the dismal levels seen earlier this year, automakers said Thursday. The Ford Motor Company said its sales declined 6 percent from September 2008.
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  • News Source: Washington Post | about 1 month ago
    As the monthly sales numbers were reported Thursday, it became clear that some of the spectacular gains of August had merely been borrowed from September...General Motors' sales dropped 45 percent. "We expected there would be payback," said Mike...
  • News Source: National Public Radio | about 1 month ago
    They say there are two main reasons for the numbers: The government incentives encouraged some buyers to pull their purchases forward. The other reason: Cash for Clunkers was so popular that when September rolled around, many dealers didn't have...
  • News Source: The Journal Gazette | about 1 month ago
    U.S. auto sales fell sharply in September, enduring a tough hangover from this summer’s Cash for Clunkers buying spree. General Motors Co. and Chrysler Group LLC posted the biggest slowdowns during the month, while Hyundai was the sole winner among...
  • News Source: Turks and Caicos Free Press | about 1 month ago
    U.S. auto sales tumbled by more than 20 percent in September as showrooms emptied after a government-funded summer sales boom and Ford Motor Co ( F .N) gained ground on its major rivals, sales figures released on Thursday showed. Sales for General...
  • News Source: The Age | about 1 month ago
    Chevrolet, GMC, Buick and Cadillac - are well positioned with new products to generate enthusiasm." GM said its sales were down 36 per cent for a "strong August", when sales fell 20 per cent from August 2008, but were up 30 per cent from July. The...
  • News Source: BBC | about 1 month ago
    General Motors reported the biggest decline, with its sales dropping 45% from a year earlier, while Chrysler's fell 45%, and Ford's slipped 5%. The falls came after the scrappage scheme ended on 24 August. This gave customers a cash incentive to...
Blogs
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  • Blog Source: rochesterhomepage.net
    GM, Ford and Chrysler will announce their auto sales for September on Thursday. With no "Cash for Clunkers" program to help them out, sales are expected to drop to close to the three-decade lows seen earlier this year. ...
  • Blog Source: blog.leasetrader.com
    In August alone, retail sales rose by 2.7 percent, due in large part to a notable 10.6 percent boost in sales by auto dealers. Ford and General Motors recently announced production increases for both the third and fourth quarters as a ...
  • Blog Source: thearticlewriter.com
    The Car Allowance Rebate System or “Cash For Clunkers” program did a stellar job in helping most car makers report a sales increase last month but analysts, including Edmunds, are warning that September will see a huge decrease in sales across
  • Blog Source: taxmanblog.blogspot.com
    Foreign car companies did better than GM, Ford or Chrysler in sales of new cars under the clunkers program. Brilliant. The taxpayers own most of GM but our government feeds the competition. 4. The dramatic drop in sales in September ... Don 't forget
  • Blog Source: thewideawakes.org
    For example, every dealer in LA was selling the Ford Focus with all the goodies including A/C, auto transmission, power windows, etc for $12500 the month before the “cash for clunkers” program started. When “cash for clunkers” came along, ...
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