A Year After Cash For Clunkers: August 2010 Sales

The automakers happily used the government's Cash for Clunkers program last August to stat pad their sales figures. It’s no surprise then that without government incentives only a baker's dozen brands were able to improve upon last year's sales, a commendable feat for those brands. Once again Cadillac and Buick delivered incredible sales increases for GM of 83.1 and 66 percent. On the strength of its newly launched Cayenne and Panamera models Porsche sales grew by 33%. The vast majority of the brands posting sales increases do business in the luxury sector, and thus did not benefit much from the C4C program last year. The Chrysler group was one of the best performing mainstream brands posting a modest improvement overall. On the other hand Nissan, Honda, and Toyota were unable to come close to clunker driven sales of a year ago, dropping 31, 33 and 36% respectively.



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