Sunday, December 28, 2008

Oh Word?

Deal or no deal.

Cars. We got plenty. But ain't nobody buying them. Perhaps this will change their minds? ABC NEWS reports:

"Sales of small cars have taken the wildest ride in the auto business this year — first up, then down — and the gyrations may not be finished.

Though gas prices tumbled, some automakers are trying to juice sales of fuel-thrifty economy cars by slashing starting prices to less than $10,000.

Small-car sales doubled during the first half of the year as gas topped $4 a gallon. By the end of November, sales levels had tumbled 63% from the peak. Even with the drop, the segment is holding up better than others because overall vehicle sales are so weak. "It's surprising," says Ford Motor analyst George Pipas."

  • ABC NEWS: Economic Crisis has small car sales making a U-turn
  • No comments: