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...domestic carmakers - Ford Motor Co., General Motors and Chrysler - had less frothy numbers but still managed to pick up market share in July for the first time in months, at the expense of German and Japanese competitors. Ford emerged as one the program's biggest winners, posting a genuine sales increase for July over the same period last year; the automaker could also lay claim to the top vehicle purchased with clunker cash: the compact Ford Focus...
...Czubay, Ford vice president for U.S. marketing, sales and service, said Ford already had a relatively strong month in progress before the cash-for-clunkers program started, but it certainly helped. "We achieved a sales increase even though we decreased incentive spending in an increasingly competitive environment," he said. (See the most important cars of all time...
...Even Chrysler managed to draw some good news from the program. "While we don't expect the industry sales forecast to change dramatically, we are seeing encouraging signs that consumer confidence is building and more consumers are considering purchasing a new vehicle," said Peter Fong, the lead executive for Chrysler's reorganized sales organization. The automaker's total sales dropped 9% for July, but dealer inventories declined significantly and retail sales grew as consumer traffic more than doubled in the last week of the month, Fong said...
...which sold more vehicles in July than in June - and had a nice 16% improvement in pickup sales - lavished praise on the program and pressed for its continuation. "The government's program is doing what it is designed to do - spur consumers to trade in older gas guzzlers for new, fuel-efficient vehicles," said Mark LaNeve, GM vice president for sales. The Department of Transportation confirmed the fuel-efficiency gains on Monday, Aug. 3, noting that of the 120,000 rebate applications processed so far, the cars purchased have been far more fuel-efficient than the minimum requirements to qualify...
...Japanese automakers fared less well. Toyota reported that its sales tumbled 11% year over year in July, while Nissan's fell nearly 25% and Honda's fell 17%, despite the government incentive program. However, Jim Lentz, Toyota Motor Sales president, said the cash-for-clunkers program reduced the recessionary drag on sales and offered a nice dividend for the environment. "Clunker-related Toyota sales over the seven days alone will save customers an estimated 8 million gal. of gas and $20 million in gas spending over the next year," he said. (See the best cars from the 2009 Detroit Auto...