Consumer demand and the manufacturers’ scramble to serve it can be seen in the sales numbers. Auto sales in the U.S. fell 18% year-to-year in June, mostly due to sparse sales of once popular light trucks, which include pickup trucks and SUVs. Those light trucks represented 55% of all U.S. vehicle sales in 2005. In the first half of 2008, their share was down to 47%. In May, General Motors announced it would close four truck and SUV plants and roll out more fuel-efficient vehicles.Story from 2008, even more true today, I think Honda as been working on this thing a lot loner than obamma has been president!!Link to story:http://knowledge.wharton.upenn.edu/article.cfm?articleid=2012
Thanks for that reference. I never attended the Wharton School but I did my graduate work at Penn so I’m already half convinced! Actually, I think the worst option is the one being forced on us now. It’s the semi-nationalization of the banking and auto manufacturing industries which (I’m NOT being alarmist!) is definitely a version of fascism. I think this bodes ill for the future of the American free enterprise economic system.