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Wednesday, June 04, 2008

suv sales interest rates on loans

GM also announced plans to close four pickup and SUV plants in North America and expand output at two car plants to meet customer demand that is increasingly dominated by concern about fuel efficiency.
Satoshi Aoki, head of the Japan Automobile Manufacturers Association, said he saw cars grabbing even more market share.
"One thing that's certain is that consumer interest in fuel-efficient, environmentally friendly cars will grow," Aoki, also the chairman of Honda, told reporters in Tokyo.
Overall, U.S. sales fell to 14.25 million on an annualized basis in May, down from 14.4 million in April and 15.2 million on average in the first quarter. Sales were adjusted for an additional sales day compared with the year earlier.
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Car sales, which had accounted for less than half of industry volume in 2007, surged to 57 percent in May. On the losing end, truck sales hit their lowest rate since 1995.

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