Coult it be that American consumers have started turning thier backs to gas-guzzling monster machines? From CNN:
* Large SUV sales are 11.2 percent lower than they were at this time last year, according to AutoData.
* In the “beige book” released Wednesday, the Federal Reserve reported a shift to vehicles that use less gas.
* General Motors has indicated that it is extending its “Employee Price” incentives to include 2006 model year large trucks and SUVs, a sign that those vehicles need some sales help.
* These days, more consumers are saying that they are looking at gas mileage in making vehicle choices. In a recent poll by Kelley Blue Book and Harris Interactive, 59 percent of current vehicle shoppers said gas prices have either changed their minds or strongly influenced their decision.
* Meanwhile, according to Kelley Blue Book, resale values of used large SUVs are dropping.
Published or updated September 13, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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People haven’t turned their backs on suburban assault vehicles yet. The car companies will just lower the prices to the point where people will them buy in droves. Americans will stop buying groceries and eat the grass in their yards before they give up their big cars.