One year has anesthetized back the government accomplished Cash for Clunkers, and compared to sales one year ago, the automotive industry isn’t accomplishing so hot. “The absolute auto industry knew August sales weren’t traveling to assemblage up able-bodied compared to endure year: afterwards all, the Cash for Clunkers affairs in August, 2009 absorbed an amazing amount of even recession-addled consumers into what had been black showrooms for ten months out of the year,” Edmunds states.
Chrysler was the alone automaker to see a sales access — seven percent. However, this access follows months of apathetic sales and the company’s defalcation endure summer. General Motors, Toyota, and Ford are a part of the companies experiencing the sales slump. Even Hyundai Motor America, which has done able-bodied in contempo months, saw a bead of 11 percent in August.
The boxy ages raises new apropos for approaching amalgam and electric car sales. According to Autoblog, “[Toyota] Prius sales fell 37.5 percent compared to August 2009 and alone off 16.3 percent compared to the July 2010 numbers.” Cash for Clunkers additional amalgam sales endure year, but this summer’s low gas prices acquired consumers to alarm bright of the added big-ticket vehicles.
Autoblog Green explains the sales decrease: “The accepted civic boilerplate of $2.68 a gallon for approved is agnate to an inflation-adjusted $1.01 per gallon in 1980. While that’s absolutely acceptable for domiciliary budgets in a disturbing economy, it doesn’t accommodate abundant allurement to buy ammunition able cars at a amount premium. With the new Chevrolet Cruze starting at over $16,000 and the soon-to-launch new Ford Focus acceptable to amount at atomic that much, high-mpg cars could face a boxy alley in the bazaar unless ammunition prices acceleration soon.”
The boxy account for automakers is that gas prices shouldn’t acceleration anytime soon. Automotive Account says the US government “expects gas prices to abide to bead through September and into the fall. Lower awkward prices, college inventories and almost anemic ammunition demand, it seems, are conspiring to accumulate ammunition prices low.”
This account apropos automakers absolution amalgam and electric cars after this year. Autoblog Green suggests that although big-ticket eco-friendly cars like the Nissan Leaf and Chevrolet Volt are entering the market, consumers will abstain the new electric cars to save money even with government tax incentives for amalgam and electric cars.
“For a lot of new-vehicle buyers,” Automotive Account writes. “The economics of spending bags added for a amalgam or electric car vs. a acceptable gasoline-powered set of auto just aren’t traveling to add up, at atomic for now.”
If you’re in the bazaar for a gasoline or electric car, analysis out the U.S. Account rankings of this year’s best cars as able-bodied as this month’s best car deals.
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