Cash for Clunkers floods market with nearly 700000 sales
The Cash for Clunkers program produced about 690,114 voucher redemptions totaling 2.88 billion dollars and ended within its 3 billion budget. Toyota led with 19.4 percent of sales, GM 17.6, Ford 14.4, while the popular buys included the Toyota Corolla and Honda Civic.
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U S home sales rise in July amid tax credit boost
U S new home sales jump 9.6 percent in July to a seasonally adjusted 433000 annual pace, from 395000 in June. The gain, driven by $8000 first time buyer tax credit, leaves prices near June levels but 11.5 percent below year ago.
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