Jun

22

According to a story by the Washington Post in May (http://www.washingtonpost.com/wp-dyn/content/article/2008/05/01/AR2008050103773.html) GM truck and SUV sales have fallen 27% overall sales down 16%). Ford reported SUV sales down 36% for April (12% overall decline). These numbers are HUGE!!! What is just as significant to me is that it means in May 73% were still out buying gas guzzling Chevy trucks and SUV’s, and 64% were buying gas guzzling Ford SUV’s.

Granted some of these sales may have been for legitimate business reasons (like a landscaper needing a new truck for his business). But I am guessing that the vast majority were by people that have the income to afford gas at $4.00+ a gallon that have their head buried far in the sand.

I would tell these people to wake-up but think this would be a waste of breath. Fortunately the sharp decline in sales has caused the auto manufacturers to begin re-tooling and working on making more energy efficient vehicles. This of course will not happen overnight but will happen over the next 3-5 years. In the meantime if you need a car buy a Prius.


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