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Article: Automakers falter as mileage drives market; Gas prices contribute to double-digit sales decline
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 2, 2008
- Author:
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Copyright informationCopyright 2008 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Automakers couldn't make enough cars last month to keep up with
consumers' newfound love of anything that gets good gas mileage.
Gas prices near or above $4 a gallon for much of the month
resulted in double-digit sales declines for most automakers in June.
Shoppers avoided large SUVs and pickup trucks and couldn't find
enough high-MPG cars, analysts said.
Both Toyota and General Motors were unable to keep up with
demand, as Toyota ran into short supply of its popular Prius hybrid
and GM couldn't meet demand for cars such as the Chevrolet Cobalt
and crossovers such as the Buick Enclave.
GM Vice President Mark LaNeve estimated that 40,000 more fuel-
efficient cars would have been sold last ...
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......10-04-2005 High gas prices hit GM, Ford SUV sales -- Asian automakers...reported strong car sales Monday, but SUVs...U.S. market as gas prices skyrocketed following...cautioned that gas prices aren't the only...for falling SUV sales. He pointed out...
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