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.

Photo courtesy jm3 on Flickr