Friday, July 31, 2009

Cash for clunkers and hybrid sales

Will cash for clunkers drive interest and sales towards hybrid cars?A clunker for a hybrid?

Many auto dealers have reported a strong uptick in sales thanks to the launch of the Cash for Clunkers program. I've not yet seen any data on the types of vehicles that are selling thanks to this program, but I wonder if Cash for Clunkers will result in any noticeable uptick in hybrid vehicle sales.

My prediction: Cash for Clunkers will lead to minimal, if any, increase in hybrid sales.

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