Search
 

Gas Guzzlers Choking Drivers' Wallets

ARLINGTON. Va. -- It was bound to happen given the rising price of gas: American consumers are passing up SUVs and trucks for smaller, fuel-efficient cars.

By Staff Writer | Updated on May 13, 2008

ARLINGTON. Va. — It was bound to happen given the rising price of gas: American consumers are passing up SUVs and trucks for smaller, fuel-efficient cars.

The trend is visible in NAFCU’s May Macro Data Report on Vehicle Sales, which cites that overall vehicle sales decreased from 15.1 million annualized units in March to 14.4 million in April. In the past 12 months, sales are down by 14%. The big three American manufacturers are losing share and Japanese competitors are benefiting.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.