Insurance, high gas costs hurt vehicle sales
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High gasoline prices and lofty insurance rates drove vehicle sales lower in Canada for another month, industry experts said. According to data provided by the auto makers and compiled by analyst
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WASHINGTON Sept. 30, 2004 - Consumers were tightfisted with their money amid soaring gasoline costs in August and hurricane-related disruptions sent applications for jobless benefits to their highest level in seven months.
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WASHINGTON Sept. 30, 2004 - Consumers were tight-fisted with their money amid soaring gasoline costs last month while hurricane-related disruptions sent applications for jobless benefits to their highest level in seven months.
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Ford Motor Co.  on Friday said  U.S. vehicle sales fell 11.6 percent in August, hurt by a  decline in truck sales and stronger numbers last year, when  deep discounts lured buyers into showrooms.
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Japanâs third-largest automaker blamed rising commodity costs and slower sales for the worse-than-expected results.
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The auto parts retailer struggles through a difficult second quarter.
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High gasoline prices not only slowed fuel demand growth and cut sales of gas-guzzling vehicles in 2005, they also prompted Americans to drive less for the first time in 25 years, a consulting group said in a report Thursday.
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The cost of buying both new and second hand cars fell sharply over the past five years, a new survey has found.
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Hurricane Charley's damaging path through Florida and the growing ineffectiveness of sales incentives caused U.S. car and trucks sales to slip in August, raising the likelihood of costly cuts in vehicle production, analysts said.
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General Motors Corp.  on Tuesday  said that overall 2006 U.S. auto sales were likely to come in  below the 2005 total because of higher interest rates and  gasoline prices.
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General Motors Corp. said yesterday its US light vehicle sales plunged 21.3 percent in June, while Toyota Motor Corp. reported its vehicle sales jumped 10.2 percent.
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DETROIT -- General Motors Corp. and Ford Motor Co. reported disappointing US sales yesterday, prompting the nation's two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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U.S. initial jobless claims slumped  last week but the outcome was heavily influenced by weather,  while soaring petroleum prices in August powered the cost of  imports to an 18-month high.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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Several years of spring-time price spikes at the U.S. gasoline pumps may have worn down motorist rage into grudging acceptance, with more drivers determined to hit the roads for vacation this year despite the cost.
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Ford Motor Co.  said on Friday U.S. May vehicle sales fell 6.8 percent from a year earlier as higher gas prices and a weaker housing market hurt consumer demand and the automaker cut back on fleet sales.
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Life in America's third-largest city is already expensive: Motorists pay some of the highest gas prices in the nation, and shoppers get hit with sales taxes higher than those in New York or Los Angeles. Now it could get even worse.