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SUV sales decline dents US firms
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Posted by BrianG (more from BrianG) on Sat, 8 Oct 2005 04:24:06 Share Post by Email
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SUV sales decline dents US firms
Demand for big vehicles feels sting of rocketing gas prices

By Associated Press | October 4, 2005

DETROIT -- Sales of sport utility vehicles fell in September, dragging down US automakers, who were already expecting consumer payback after a summer of employee-pricing discounts. Asian brands, which didn't offer employee discounts, felt less pain.

Several automakers yesterday reported strong car sales, but SUVs took a hit as gas prices skyrocketed following Hurricane Katrina. Sales of the GMC Envoy and Chevrolet Tahoe fell more than 50 percent, compared to last September's. The Cadillac Escalade, Mazda Tribute, Ford Explorer, Ford Expedition, Toyota Sequoia, and Nissan Armada all saw sales fall 18 percent or more. Dodge Durango sales were down 11 percent.

[more at link]

It looks like GM is in for a heap of trouble. Is any else following the 'GM Deatchwatch' articles over at thetruthaboutcars.com?

posted by 209.6.186...

Associated Press article

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