Soaring gas prices in the aftermath of Hurricanes Katrina and Rita have seen a dramatic drop in SUV sales.
"Sales of the biggest SUVs tumbled as hurricanes Katrina and Rita and fears of gas shortages sent fuel prices soaring to well above $1 a litre across most of Canada and $3 (U.S.) a gallon south of the border...The slide hit large SUVs in particular. Sales in that category, which includes such behemoths as Dodge Durango, Ford Expedition, GMC Yukon and Nissan Armada, slumped 50 per cent last month in Canada from year-earlier levels, according to data released by the auto makers yesterday...The percentage declines in sales of large SUVs were similar in the U.S. market, where they represent a much larger and more important slice of the overall market than they do in Canada."
Read the full story: SUV sales tank as gas soars
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The Architects Foundation
University of Cincinnati Online
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Northern Illinois Transit Authority (NITA)
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