Report: Cash for Clunkers Boosts August Auto Sales

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Report: Cash for Clunkers Boosts August Auto Sales
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The U.S. auto industry showed continued improvement in the month of August, helped on by the Obama Administration’s Cash for Clunkers program.

Ford was once again a big winner as sales increased 17.2 percent over last August, a significant improvement over the 2.4 percent growth in July – which was thought to be good at the time.

Honda posted a 9.9 percent increase while Toyota pulled itself from the gutters with a 6.4 percent gain.

Unfortunately for GM and Chrysler, the turnaround seems to have left them behind, with GM slipping 20.1 percent and Chrysler dropping 15.4 percent. Both of those numbers are worse than in July, with GM dropping 19.4 percent and Chrysler dropping 9.4 percent then.

Two smaller players in the U.S. market that are now poised to become larger players are Hyundai and Subaru. Hyundai saw an increase of 47 percent, while Subaru posted 51.5 percent growth. Volkswagen also posted growth of 11.4 percent.

Current estimates now put the total number of vehicle sales for 2009 at the 14.4 million mark, a significant increase from the sub-10 million units forecasted during the height of the recession.

[Source: Automotive News]

See the full U.S. Auto Industry August Sales Results after the jump:

Automaker Aug. 2009 Aug. 2008 Pct. chng. 8 month 2009 8 month 2008 Pct. chng.
BMW Group* 24,373 30,968 –21.3% 160,284 218,117 –26.5%
Chrysler Group LLC 93,222 110,235 –15.4% 653,319 1,076,170 –39.3%
Daimler AG** 18,749 20,945 –10.5% 130,155 175,051 –25.6%
Ford Motor Co.*** 181,826 155,117 17.2% 1,119,863 1,488,628 –24.8%
General Motors**** 245,550 307,285 –20.1% 1,381,224 2,129,860 –35.1%
Honda (American)† 161,439 146,855 9.9% 806,907 1,083,957 –25.6%
Hyundai Group†† –% –%
Isuzu 289 165 3,931 –95.8%
Jaguar Land Rover††† 3,160 3,321 –4.8% 23,953 10,357 131.3%
Maserati 127 182 –30.2% 818 1,729 –52.7%
Mazda 26,542 23,680 12.1% 145,955 199,239 –26.7%
Mitsubishi 6,813 9,200 –25.9% 38,127 72,727 –47.6%
Nissan‡ 105,312 108,493 –2.9% 524,903 726,134 –27.7%
Porsche 1,526 1,404 8.7% 12,729 19,618 –35.1%
Subaru 28,683 18,932 51.5% 143,828 129,298 11.2%
Suzuki 5,749 6,083 –5.5% 31,793 70,434 –54.9%
Toyota‡‡ 225,088 211,533 6.4% 1,170,407 1,649,044 –29.0%
VW‡‡‡ –% –%
Other (estimate) 384 524 –26.7% 3,075 4,185 –26.5%
TOTAL 1,128,543 1,155,046 –2.3% 6,347,505 9,058,479 –29.9%
  • Fabrizio Lupica

    Hi, please can you send to me Sales Results?
    Best Regards.
    Fabrizio