Car sales in August were the highest they’ve been all year, up 26.5% from this July and 1% from August last year.  The August car sales numbers are in and with the help from the federal cash for clunkers program, car sales saw a jolt for all automakers over last month, although, even with the boost, 2009 sales for year to date is still down for all manufacturers except Subaru.

The program closed to new transactions Monday night, and dealers had until last night to enter all their paperwork for reimbursement.  To know more about this program browse cash for clunkers program.

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The US biggest hit in the last month “Cash for clunkers” gives the largest and a very positive change to the foreign auto industry. Overall US auto sales in August are the highest in more than a year, according to industry figures released Tuesday; this is done only with the rebate program. In the US there are so many foreign carmaker companies. Carmakers sold more than 1.2 million cars and trucks, up 1% from the same month last year and the first year-over-year sales gain since August 2007. The South Korean auto makers provide the biggest sales surprise, with Hyundai reporting a 47% jump. GM, which finished second to Toyota Motor Corp. in clunker sales, suffered a 20% sales decline. GM executives, however, described August as an “excellent” month, saying the automaker maintained its share of the US market and noted that it faced a tough comparison with August 2008, when sales were juiced to their highest level of the year by special pricing tied to the company’s 100th anniversary.

It was the Asian companies, which rely more heavily on the smaller fuel-efficient vehicles that drove clunker sales that clearly reaped the biggest gains. For instance, many of the hottest-selling Japanese cars, such as the Toyota Camry and Civic, are built in the US. The car dealerships are some of the nation’s biggest generators of sales tax receipts.

Toyota, which captured the largest percentage of clunker sales at 19.4%, said it sold 225,088 vehicles in August, up 6.4% from a year earlier. It was the Japanese automaker’s best sales month since May 2008, as buyers snapped up Corollas, Priuses and RAV-4 SUVs. So, in simple “cash for clunkers” program has changed the auto industry positively and given the benefit to the US economy.

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The most popular Government program cash for clunkers has extended by 18 hours. The deadline for car dealers to file applications for rebates under the “cash for clunkers” car scrappage scheme, after heavy demand brought down a computer system processing the deals. The extension of 18 hours was made because it was difficult to handle this burden of applications. This program was $1billion dollar program but after the popularity of this program, congress understand the importance of this program and then Congress rushed to push through an additional $2 billion before leaving for its summer recess, in anticipation that the money would last until Labor Day, but that prediction was way off, as well.

Watch the video “Auto Dealer Struggles to Get Clunkers Cash”

Droves of prospective buyers who called today to ask whether they still had time to make a deal had to be turned away, several dealers in the region said “Some people are disappointed and some are happy,”. The clunkers, including a black 1991 Ford F250 truck with 98,000 miles on it, were bound for a junkyard, where their motors would be destroyed with sodium silicate, or liquid glass.  So, According to this deal, buyers who trade in old vehicles for those with lower fuel consumption receive a rebate of either $3,500 or $4,500.

The incentives were intended to benefit Detroit’s three hard-pressed car makers, Ford Motor, Chrysler and General Motors. However, their Asian rivals have emerged as the main winners. Now, this scheme is going to end after getting huge success and popularity from car dealers but still they are facing problems which should have to be settling down!

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A deal of 2$ billion for clunkers which was started in the beginning of this month and run successfully. It has made a positive impact on the sales of useless vehicles. Now, this program will be finished right before the end of this month. The US trade-in program “cash for clunkers” will stop accepting applications on Aug. 24, bringing to a close an effort that helped revive auto sales and drew the ire of dealers for slow repayments.

The deadline of this program will set time frame for the car dealers and buyers to complete purchases and apply for rebates from the remainder of the $3 billion provided by Congress, Dealers complained about the difficulties which they are facing in their businesses while awaiting program payments. The last time of the application submission of this program will be 8:00 pm; Applications for rebates won’t be accepted after 8:00 pm, New York time on Aug. 24.

Now, it seems to be the end of this useful program and this program will help a lot to those business owners who are disappointed with their business  and struck due to these financial crisis but now they have chance to lift their business. There are some famous companies who lost their sales badly but now they can it lift again and one of the famous car company GM lost their sales but with this program they may maintain their sales and business because the government’s initiative may give GM its best sales this year in August. The industry’s new-vehicle retail sales in the US will top 1 million in August for the first time in the past 12 months.

Watch the video “Cash for Clunker Deals Could Break Down”

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