Financial Times FT.com

US car sales expected to reach peak

By Bernard Simon

Published: August 31 2009 03:00 | Last updated: August 31 2009 03:00

Figures for US new-vehicle sales in August, which are to be published on Tuesday, will be by far the highest for any month this year, thanks to Washington’s hugely popular “cash-for-clunkers” scrappage incentives.

The scheme was wound down last Monday after exhausting the $3bn authorised by Congress. The funds had been expected to last several months.

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