The New York Times reports the stunning news that defying all expectations, consumers can sometimes be rational: “Ford and G.M. Suffer as Buyers Shun S.U.V.’s”
The latest automobile sales figures show that Americans are increasingly wary of gas-thirsty sport utility vehicles. That was particularly bad news for General Motors and the Ford Motor Company, which both saw their sales slip last month as consumers continued their steady march into Asian car companies’ dealerships.
General Motors has long maintained that gas prices do not affect how consumers approach buying a car or truck. But on Tuesday, G.M.’s chief industry sales analyst, Paul Ballew, appeared to retreat somewhat from that position, saying that record gas prices were likely playing some role in falling S.U.V. sales.
Ummmm… ya think?