New car sales drop for fifth month

New car sales have slumped for the fifth successive month. Sales in November 2010 totalled 139,875 – an 11.5% fall on the November 2009 figure, the Society of Motor Manufacturers and Traders (SMMT) said.The downturn this year reflects the ending of the Government’s car scrappage scheme which boosted sales in the second half of last year.However, the fall last month was not as steep as had been

Clunkers program generates 700,000 new car sales

new car salesWalt Roche installs a motor mount on a 2010 Ford Focus today at the Wayne Stamping and Assembly plant in Wayne, Mich. Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, federal officials say. WASHINGTON -- Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, the Transportation Department