While gasoline prices -- and sales for Toyota's Prius hybrid -- continue to climb, SUVs are becoming "white elephants"
"The figures compiled by the auto industry research organizations are pointing this year at what is quickly becoming the white elephant of the industry -- that erstwhile favorite of the California shopping mall, the gas- sucking SUV, a highly profitable vehicle that was the darling of the 1990s but has now become the prime victim of $3-a-gallon gasoline. Sales of SUVs for the first three months of this year fell by nearly 15 percent from last year at this time, according to Ward's Automotive, a Michigan firm that studies the industry. Sales of Ford's Excursion and Expedition SUVs fell about 28 percent. At GM, sales of the big Chevrolet Suburban were down nearly 30 percent; the Tahoe, a slightly shorter Suburban, had a 22 percent drop."
Thanks to Michael Dudley
FULL STORY: America's Passion for Burly SUV Fizzles
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