‘Cash for Clunkers’ drives up auto sales
Sep 02, 2009 | 11:08 AM
| Corinna Petry
Car and light truck sales for the top seven automotive brands in the U.S. jumped 26.3 percent to 1,074,156 in August from 850,584 the previous month and were down a mere 0.8 percent from 1,082,753 in August last year, according to an AMM analysis.
Automakers credited "Cash for Clunkers" for the strong gains. The federal incentive program, formally known as the Car Allowance Rebate System (CARS), was designed to boost sales of fuel-efficient vehicle while taking gas guzzlers off the road.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.