With the “Cash for Clunkers” program, some automakers had their best month of the year. But the week after the program ended sales fell considerably.
Ford said its sales rose 17% last month from the previous year. July also showed increased sales by 2.3 %.
Hyundai said its sales increased by 47% last month compared to the previous year. Honda rose by 10% and Toyota rose by 6%.
The Clunkers program seemed to help the Asian automakers more than the Detroit companies. About one out of every five vehicles was a Toyota, making it the most popular followed by GM, Ford and Honda.
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