Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


17

Clunkers Drives Ford's August Sales Up 17%

Hyundai surges 47%; GM drops 20% and Chrysler 17%

Share

(Newser) – Cash for Clunkers reverberated through August auto sales reports released today, with Ford and Hyundai scoring big jumps, the Wall Street Journal reports. The winners and losers:

  • Ford's light vehicle sales rose 17% year-over-year, with the Focus and Escape both in the top eight most popular vehicles purchased through the Clunkers program.
  • Hyundai's sales surged 47%.

  • GM plummeted 20%, while its vehicles were among the most traded in under the program.
  • Chrysler's sales dropped 15% from the year-ago period. The firm blamed inventory shortages on its low sales.
  • Nissan saw an August year-over-year sales decline of 2.9%.

In this photo made Sunday, Aug. 2, 2009, the blue oval insignia of Ford shines off the deck lids of unsold 2009 Focus sedans at a Ford dealership in Denver. F
In this photo made Sunday, Aug. 2, 2009, the blue oval insignia of Ford shines off the deck lids of unsold 2009 Focus sedans at a Ford dealership in Denver. F   (AP Photo/David Zalubowski)
In this Aug. 2, 2009 photo, the Ford logo shines off the grille of an unsold 2009 Focus sedan at a Ford dealership in Denver.
In this Aug. 2, 2009 photo, the Ford logo shines off the grille of an unsold 2009 Focus sedan at a Ford dealership in Denver.   (AP Photo/David Zalubowski)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.23.09
Books Are Bad for You
11.20.09
The Health-Care Wars Have Just Begun
17 comments
VIEWING:
 
texasaurus
Sep 1, 09 2:01 PM CDT
Ford reaping the reward for refusing the government bailout money. yay. Reply
Vote up! Vote down!
+5
IN RESPONSE:
dontlikeyou
Sep 1, 09 3:12 PM CDT
Exactly right. Let this be a lesson to any business who wishes to feed like a swine at the public trough.
Vote up! Vote down!
+3
IN RESPONSE:
IndependentThinker
Sep 1, 09 4:04 PM CDT
They got a bailout several years ago. They just didn't get a bailout from the stimulus package. Ford earned the bailout with its shitty business practices not due to the economy.
Vote up! Vote down!
0
Reader65069154
Sep 1, 09 2:14 PM CDT
go figure.. GM has gone straight downhill since the government took over... Reply
Vote up! Vote down!
-1
IN RESPONSE:
Scrambles
Sep 1, 09 2:23 PM CDT
they've been going downhill for a long time
Vote up! Vote down!
0

View all 17 comments »

LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

271 Stories

UPDATED


 GM to Repay Bailout Early, 
 Posts (Smaller) $1.2B Loss 

Auto giant speeds $1.2B per quarter repayment sked

Nov 16, 09 6:48 AM CST
(Newser) - General Motors will start repaying its $6.7 billion debt to the US and Canadian governments early, with $1.2 billion quarterly payments beginning next month, reports the Detroit News . The accelerated repayment plan is a strong indication that finances are looking up for the troubled automaker, which today... More »

MORE ABOUT:
General Motors • Detroit • auto industry • auto bailout • Cash for Clunkers

Auto Turnaround

@Ford: Give Social Media Some Credit

Ford's finally profitable, and coincidentally, it owns the web

Nov 2, 09 1:29 PM CST
(Newser) - You’ve heard all the standard reasons for Ford’s $1 billion third-quarter profit—cost-cutting, layoffs, cash for clunkers, and so forth. Lost in the hubbub is another crucial element: Ford’s social media prowess. The company's social media guru has been extremely successful at drumming up buzz for its... More »

MORE ABOUT:
social networking • Ford • auto industry • Twitter • social media

 Ford Looks to Sell 
 Volvo to China 

Geely is only bidder remaining for Swedish subsidiary

Oct 28, 09 8:52 AM CDT
(Newser) - Ford put its Volvo unit up for sale last December, and it's narrowed the possible buyers to just one bidder: a Chinese consortium led by Geely, the country's largest private automaker. Geely first approached Ford about the purchase in summer 2008 and is prepared to pay about $2 billion, less... More »

MORE ABOUT:
mergers and acquisitions • Ford • Volvo • auto industry • Ford Motor Co. • Geely Automobile Holdings

271 Stories


Business  •  US 
TwitterFollow @NewserBusiness on Twitter

 
Chrysler • Ford • auto industry • auto sales • Cash for Clunkers

from our news partners