![]() ![]() Sales in July rose to 11.2 million when converted to an annual rate, the first month in 2009 in which sales had risen above the 10 million level. Many dealers are still waiting to be repaid for the "Cash for Clunkers" incentives they gave car buyers and were allowed to submit paperwork seeking reimbursement until late Tuesday.ĭespite the summertime frenzy at dealerships, analysts said the growth in auto sales may be short-lived. ![]() "A lot of people ended up buying a new car even if their car didn’t qualify. "We could have tripled those numbers if we had the inventory," he said. The cars had to meet myriad requirements such as having fuel mileage of less than 18 miles a gallon and not being more than 25 years old. Japanese auto manufacturers led American companies in new-car sales through the program, which ended late Monday.īryan Large, general manager of sales at Ford Country in Henderson, said he had about 60 clunkers brought in that qualified for the program. The government, releasing final data on the car incentives, said Wednesday that dealers submitted 690,114 sales totaling $2.88 billion, bringing the program to a close under its $3 billion budget. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades. WASHINGTON - The popular "Cash for Clunkers" program generated nearly 700,000 new-car sales during the past month, giving the U.S. ![]()
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