Domestic vehicle sales plunged in September to 6.7mn (SAAR) units from 10.1mn in August after the expiration of the US government’s Cash for Clunkers program. This was the lowest reading since April. Car sales dropped by 3.3mn units, or nearly 40%, from August, while truck sales declined by 3.4mn units. Ford displayed the best performance […]
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I came across an article on the WSJ online this morning indicating that interest in the ‘cash for clunkers’ program may be diminishing. According to the article, Edmunds.com reported that interest in the program peaked on July 29th, and has since declined 15%. They went on to say that based on this trend, sales […]