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The success of “Cash for Clunkers” in August created one of the biggest aberrations in the auto industry’s sales history, leading Edmunds.com analysts to predict September’s seasonally adjusted annual rate (SAAR) of 8.8 million.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,475 per vehicle sold in August 2009, down $231, or 8.5 percent, from July 2009, and down $327, or 11.7 percent, from August 2008.
Read More →This month's new vehicle sales (including fleet sales) are expected to be around 1.17 million units, nearly a six percent decrease from August 2008 but up nearly 18 percent from July 2009, according to Edmunds.com.
Read More →Since the General Motors-eBay program launched, the number of site visitors conducting GM vehicle pricing research has jumped 10 percent higher in California than it has in the other 49 states, according to Edmunds.com.
Read More →The rush of automotive sales activity brought on by the "Cash for Clunkers" program is fading fast, according to Edmunds.com, whose latest study of car buyer behavior indicates that automotive purchase intent is down 31 percent from its peak in late July.
Read More →Nearly three weeks after its initial launch, consumer interest in the government-funded “Car Allowance Rebate System” has already declined by 15 percent, according to purchase intent data from Edmunds.com.
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The federal “Cash for Clunkers” program generated a SAAR shopping rate of 19.6 million and boosted the percentage of trade-in vehicles involved in new-car sales, according to Edmunds.com.
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Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,735 per vehicle sold in July 2009, down $134, or 4.7 percent, from June 2009, and up $90, or 3.4 percent, from July 2008. This represents the fourth consecutive month in which incentives have fallen.
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Edmunds.com included an advanced calculator in its Cash for Clunkers Resource Center to help consumers determine if the federal program can work for them.
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New vehicle sales (including fleet sales) in July are expected to be about 950,000 units, a 16.3 percent decrease from July 2008, but a 10.8 percent increase from June 2009, according to Edmunds.com.
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