American automakers stuck with unsold gas-guzzlers
In 2006, droves (pun intended?) of Americans bought new fuel-efficient vehicles, while sales of large trucks and SUVs declined, leaving U.S. carmakers with hundreds of thousands of trucks and SUVs rusting on their lots. Chrysler alone had not sold 500,000 of its 2006 vehicles as of September! What an insanely colossal waste of resources that represents.
Jesse Toprak, Executive Director of Industry Analysis for the respected auto review site Edmunds.com, had this to say recently about the situation:
Gas prices will be a leading factor in how consumers choose what vehicles they purchase in the coming year. Automakers who are prepared for that trend will enjoy great success in 2007.
With the leading producer of hybrid vehicles, Toyota, about to overtake GM as the world’s top carmaker, Detroit should take notice and stop making so many awful/unwanted vehicles.