GM Tow Vehicle Sales Drop With Gas Price Rise
GM says that sales of its big pickup trucks will probably never return to the high level set earlier this decade. The automotive manufacturer says gasoline prices have quelled the big demand.In an interview with Blomberg News Report, a General Motors spokesman said, "We always thought this was where sales would be," referring to current truck and SUV sales levels. Blomberg reports that gas prices in GM's heyday were around $1.56 a gallon, while present averages show that precious petrol fuel up to $2.74.
With thoughts of requiring CAFE (corporate average fuel economy) standards to become higher being bandied about in Congress, many worry that big pickups will become a thing of the past, making big trailers and fifth wheels far less attractive to RV buyers. It remains to be seen how things will shake out.
Labels: CAFE standards, fuel prices, gas prices, General Motors, GM, truck sales
posted by Russ and Tiña De Maris at
10/10/2007 10:46:00 AM
1 Comments:
But even with current sales not being that great, consumers are still choosing to buy trucks over cars despite gas prices. Consumer choice is probably the biggest reason that CAFE standards don't work by the way. CAFE is Washington trying to legislate change contrary to consumer demand and that is a solution that never works. After doing some work with the Auto Alliance I saw that consumers will drive change, and giving them cars with better gas mileage over the trucks they want won't fix anything. You should check out AutoChoice.org to take a look at current buying habits when you get the chance.
By
Harvey, at 8:22 AM, October 15, 2007
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