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This is due in large part to high gas prices which have skyrocketed to record levels, even when adjusting for inflation. This year, Gas consumption is predicted to fall by 0.3%, the first drop since 1991, and according to some that number may be much higher. Pain at the pump is forcing Americans to change the way they think about getting around.
In the first quarter of 2008, car sales on the whole, have dropped 8% and sales of gas guzzling vehicles like pickup trucks and SUVs have dropped tremendously. Americans are choosing more fuel efficient vehicles and sales of these vehicles are up. This is a major shift in consumer buying trends and automakers will have to shift to meet consumer demand...
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