US Car-Makers Sales Suffer
Due to the rising fuel costs, more people are moving away from gas-guzzling cars and opting for smaller more economical cars.
US Car giants such as Ford and Chrysler have suffered a drop of around 20% in car sales, whilst the demand for Japanese cars has increased, with Toyota sales increasing by 16% on last years figures. South Korean cars, such as Hyundai have had 6% increase on sales. Chrysler is offering a discount package in an attempt to clear unsold cars from the showroom floors. General Motors has restate it’s net loss for this quarter, which has increased by $200million to $3.4billion.
The cost of fuel is reaching an unaffordable limit, with more and more people seeking LPG conversions to benefit from the cheap cost of LPG, currently 46.9p per litre.
