Auto sales slowed in April because of the continuing decline in demand for compact cars and sedans, setting a dark tone as car makers head into the summer selling season. Car sales decreased more than 5% this month compared with the same period last year, analysts think this is partially because there were two fewer selling days this month.
Oil prices going up and credit conditions getting tougher create concerns for car maker’s executives.Pickup trucks and sport-utility vehicles continue to perform well amid relatively low fuel prices. But gasoline is continuing to grow in price, expected to surpass $3 a gallon through the summer driving season. But, higher prices for fuel aren’t leading consumers to more efficient cars.
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Oil prices going up and credit conditions getting tougher create concerns for car maker’s executives.Pickup trucks and sport-utility vehicles continue to perform well amid relatively low fuel prices. But gasoline is continuing to grow in price, expected to surpass $3 a gallon through the summer driving season. But, higher prices for fuel aren’t leading consumers to more efficient cars.
Read more...
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