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American Cars Have Faced A Steep Decline

images-17.jpgIn June, car sales saw a significant decline in America as consumers practically shunned pickup trucks and SUVs due to the increasing gas prices in the already weak economy.  The high gas prices have caused a decline in the price of new cars because carmakers don’t have a sufficient supply of cars that are fuel-efficient.

According to Autodata sales have plummeted with a yearly rate of 13.6 million cars on a monthly basis when compared to 14.3 cars sold in May, which indicates reduced sales across the board.  The statistics from this survey show that sales are weaker than they have been in a long time.

The Asian carmakers did much better than the U.S. automakers that were caught off-guard by the shifting purchasing patterns of drivers.  The brands from Asia were able to capture 46.2% of the total amount of sales, where U.S. brands had 45.8% of sales.

Consumers are apprehensive to purchase vehicles right now because of the poor economy and high fuel prices.  Many people are opting to hold onto their current cars and purchase used car warranties, but others are buying small, fuel-efficient vehicles that allow them to save money on gas.

Posted on Saturday, July 5th, 2008 at 9:04 am In Used Car Warranties  


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