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05/06/2008 07:23 AM
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Truck and SUV Sales Falling Steeply
SustainableBusiness.com News
The era of the American truck may be over.
General Motors (NYSE: GM), Ford (NYSE: F) and Chrysler (NYSE: DCX) saw double digit declines in sales last month, as high gas prices made trucks and SUVs much less attractive to consumers, according to a Washington Post report.
Toyota's sales climbed 3% during the same period.
GM reported a 27% decline in truck and SUV sales that overshadowed increases in car and crossover sales, as well as the company's best-ever month for hybrid sales. Overall sales were down 16% compared to April 2007.
Read the full report.
