Report: Cash for Clunkers Binge Brings September Hangover for Auto Indsutry

Report: Cash for Clunkers Binge Brings September Hangover for Auto Indsutry

As expected, auto industry sales were way down for the month of September, after record highs posted during the previous month with the Cash for Clunkers program in effect.

Compared to September of 2008, GM’s sales declined 45 percent, while Chrysler dropped 42 percent. Ford’s posted just a modest 5 percent loss due in part to steady gains in the truck segment, with F-150 pickups (pictured above) selling at an increased pace.

As for the high-volume foreign automakers, Honda dropped 20 percent, Toyota was down 13 percent and Nissan slumped by 7 percent. And with some automakers losing ground, others were sure to grab market share with Hyundai/Kia up 26 percent (its third straight monthly gain), while Porsche rose 8 percent, BMW was up 4 percent and Subaru posted a 1 percent increase.

The loses for September are actually worse than they sound, as the month they are being compared to, September of 2008, was a brutal month for auto industry sales, after the collapse of Lehman Brothers started the recession watch.

Overall, the industry wide decline is listed at 23 percent for September, slightly better than the average 28 percent drop for the previous eight months.

Industry analysts expect these slumping sales to continue through the rest of 2009.

For a full breakdown of each automaker’s sales in September, see after the jump:

[Source: Automotive News]

Automaker Sept. 2009 Sept. 2008 Pct. chng. 9 month 2009 9 month 2008 Pct. chng.
BMW Group* 19,205 18,543 4% 179,489 236,660 –24%
Chrysler Group LLC 62,197 107,349 –42% 715,516 1,183,519 –40%
Daimler AG** 17,814 20,575 –13% 147,969 195,626 –24%
Ford Motor Co.*** 114,241 120,355 –5% 1,234,104 1,608,983 –23%
General Motors**** 155,679 282,806 –45% 1,536,903 2,412,666 –36%
Honda (American)† 77,229 96,626 –20% 884,136 1,180,583 –25%
Hyundai Group†† 53,134 42,148 26% 580,787 565,752 3%
Isuzu 258 –100% 165 4,189 –96%
Jaguar Land Rover††† 3,106 3,591 –14% 27,059 13,948 94%
Maserati 130 199 –35% 948 1,928 –51%
Mazda 14,234 16,169 –12% 160,189 215,408 –26%
Mitsubishi 4,712 7,378 –36% 42,839 80,105 –47%
Nissan‡ 55,393 59,565 –7% 580,296 785,699 –26%
Porsche 1,581 1,458 8% 14,310 21,076 –32%
Subaru 14,593 14,491 1% 158,421 143,789 10%
Suzuki 1,861 4,083 –54% 33,525 74,517 –55%
Toyota‡‡ 126,015 144,260 –13% 1,296,422 1,793,304 –28%
VW‡‡‡ 24,698 24,879 –1% 220,292 243,371 –9%
Other (estimate) 384 524 –27% 3,459 4,709 –27%
TOTAL 746,206 965,257 –23% 7,816,829 10,765,832 –27%
« Back

SWEEPSTAKES – OFFICIAL RULES, TERMS AND CONDITIONS’s Continental Control Sport Tires Giveaway – By subscribing to the Newsletter, Entrants are eligible to win four (4) Continental ControlContact Sport AS Tires, or four (4) Continental Control/Contact Tour AS Tires, sponsored by Discount Tire (value of $900.00 USD). One (1) winner will be chosen at random and contacted by VerticalScope Inc.’s staff.




  1. PRIZE:One (1) Winner will be randomly selected to each receive:four (4) Continental ControlContact Sport AS Tires, or four (4) Continental Control/Contact Tour AS Tires from Discount Tire (the “Prize Supplier”). Total approximate retail value of all prizes is approximately $900.00 USD. Prizes are not transferable and no cash or prize substitution is allowed. Prize package is awarded “as is” with no warranty or guarantee, either express or implied.


  1. ELIGIBILITY: From the time of entry through the final date of prize fulfillment, each contest entrant and selected entrant must be a permanent lawful citizen and resident residing in the 50 United States or the District of Columbia, and be twenty one (21) years of age or older.VOID IN PUERTO RICO, THE U.S. VIRGIN ISLANDS, IN ALL FOREIGN COUNTRIES OUTSIDE OF THE UNITED STATES, AND ALL OTHER U.S. TERRITORIES AND POSSESSIONS AND WHERE PROHIBITED OR RESTRICTED BY LAW. Employees, officers, directors, agents and representatives, of the Sponsor and the Prize Supplier and each of their respective parent companies, affiliates, subsidiaries, advertising and promotion agencies, promotion partners and any entity involved in the development, production,  implementation, administration or fulfillment of this Sweepstakes, and the immediate family members (e.g., spouse, mother, father, sister, brother, uncle, aunt, nephew, niece, grandparent, in-law, daughter and son, regardless of where they live) and persons living in the same household (whether or not related) of such individuals are not eligible to participate or win. Only one selected entrant per household. All decisions of the Sponsor with respect to this sweepstakes are final. The Sponsor shall have the right at any time to require proof of identity and failure to provide such proof may result in disqualification from the Sweepstakes.


  1. ENTER BY INTERNET:Beginning on Monday, August 1st, 2016, you may enter this sweepstakes via the Internet by logging onto and subscribing to the Newsletter.


  1. SELECTION OF WINNER:One (1) entrant will be selected on or about August 13th, 2016 by random selection of entrants who have subscribed to the Newsletter. The winner will be contacted directly by a representative of Sponsor via email. The winner will be required to provide a mailing address (that is not a P.O. box) to receive the prize which will be shipped free of charge.


  1. ODDS OF WINNING:Odds of winning a prize are determined by the total number of eligible entries received.


  1. RESTRICTIONS:The prize package consists of four (4) Continental ControlContact Sport AS Tires, or four (4) Continental Control/Contact Tour AS Tires from Discount Tire approximately valued at $900.00 USD.  If prize cannot be awarded due to circumstances beyond the control of the Sponsor or Prize Supplier, no substitute prize will be awarded due to the unique nature of the prize. Sponsor and Prize Supplier shall not be liable to the winner or any person claiming through winner for failure to supply the prize or any part thereof, by reason of any acts of God, any action(s), regulation(s), order(s) or request(s) by any governmental or quasi-governmental entity (whether or not the action(s), regulations(s), order(s) or request(s) prove(s) to be invalid), equipment failure, utility failure, internet failure, terrorist acts, threatened terrorist acts, air raid, blackout, act of public enemy, earthquake, war (declared or undeclared), fire, flood, epidemic, explosion, unusually severe weather, hurricane, embargo, labor dispute or strike (whether legal or illegal) labor or material shortage, transportation interruption of any kind, work slow-down, civil disturbance, insurrection, riot, or any other cause beyond Sponsor’s or Prize Supplier’s control (collectively, “Force Majeure Event”). Sponsor shall not be responsible for any cancellations, delays, diversions or substitutions or any act or omissions whatsoever by the performers/events, other transportation companies or any other persons providing any of these services and accommodations to passengers including any results thereof such as changes in services or accommodations necessitated by same.


  1. CONDITIONS:By entering the Sweepstakes, entrants agree to be bound by the Official Rules, Terms and Conditions and that Sponsor has the irrevocable right to use in perpetuity entrants’ names, user names, likenesses, photographs, voices, home mailing address, biographical and prize information, and entry materials, without notice to entrants and without compensation or obligation, in any and all media now or hereafter known throughout the world, in any manner whatsoever, to advertise and promote Sponsor, its products and services, the Sweepstakes, and for any other purpose except where prohibited by law. Entrant waives the right to assert as a cost of winning a prize any and all costs of verification and redemption or travel to redeem said prize and any liability which might arise from redeeming or seeking to redeem said prize. Sponsor is not responsible for fraudulent calls or emails made to entrants not by the Sponsor. If the Sweepstakes is not capable of running as planned by reason of damage by computer viruses, worms or bugs, tampering, unauthorized intervention, fraud, technical limitations or failures, any Force Majeure Event or any other cause which, in the sole opinion of Sponsor, could corrupt, compromise, undermine or otherwise affect the administration, security, fairness, integrity, viability or proper conduct of the Sweepstakes, Sponsor reserves the right, in its sole and absolute discretion, to cancel, terminate, modify or suspend all or any part of the Sweepstakes, and to select a winner from among all eligible entries received by Sponsor up until the time of such cancellation, termination, modification or suspension, as applicable. Sponsor reserves the right in its sole discretion to disqualify any individual that (i) tampers or attempts to tamper with the entry process or the operations of this Sweepstakes in any manner, (ii) violates the Official Rules, Terms and Conditions or (iii) acts in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person. CAUTION: ANY ATTEMPT BY AN ENTRANT OR ANY OTHER INDIVIDUAL TO DELIBERATELY DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THIS SWEEPSTAKES IS A VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK CIVIL AND/OR CRIMINAL PROSECUTION AND/OR DAMAGES FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW. Any expenses and receipt and use of the prize and federal, state and local taxes and fees applicable in connection with the prize awarded are the sole responsibility of the winner. An IRS Form 1099 will be issued in the name of the winner for the actual value of the prize received. This Sweepstakes is subject to all federal, state and local laws of the United States.VOID WHERE PROHIBITED. Sponsor, Prize Supplier, and their respective officers, directors, parent companies, affiliates, subsidiaries and advertising and promotion agencies, employees, representatives and agents are not responsible for and shall not be liable for (i) any injuries, losses or damages of any kind caused by a prize resulting from acceptance, possession or usage of the prize, or (ii) printing, distribution or production errors. Sponsor or its affiliates may rescind any promotion found to contain such errors without liability at its or their sole discretion.


  1. SPONSOR:The Sponsor of this contest is VerticalScope Inc. (the owner and operator of, 111 Peter Street, Suite 700, Toronto, Ontario, M5V 2H1.
Enter for a chance to Win a set of tires by subscribing to the newsletter.
Read Contest Rules

Get Breaking Automotive News, Reviews and Video in your Facebook Feed!

Already Liked