GM: People Buying Efficient Cars $GM
April was the best sales month for the Chevy Cruze (up 180% over theChevy Cobalt it replaced) and the Chevy Equinox (up 53%) and GMC Terrain compact crossover (up 61%) were record sales.
GM says that because of $4 per gallon gas prices, people are trading in larger vehicles for smaller, more fuel-efficient ones.
The company sold 232,538 vehicles in April, up 27% from the same month last year. Sales are 35% higher for 2011 thus far.
Ford is also experiencing hot sales for the Ford Focus, which gets nearly 40 miles per gallon.
Because of the earthquake/ nuclear meltdown in Japan, Honda haspostponed the launch of its 2012 Civic Hybrid, which is manufacturedthere, and Toyota is running at half capacity there. Toyota makes thePrius hybrid in Japan. Many of the parts for efficient vehiclesalso flow through Japan.
Efficient cars could sell close to the sticker price as more people want them and parts and cars are harder to get.
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