"U.S. Auto Sales Hit the Brakes: April Numbers Reveal a Shift in Consumer Behavior. Despite a decline in overall sales, the latest figures from the auto industry reveal a telling trend: Americans are turning to fuel-efficient vehicles as gasoline prices continue to soar. With the average price of gas now topping $4 per gallon, consumers are increasingly opting for hybrid models, with Toyota, Honda, and Hyundai reporting significant gains in this segment. Meanwhile, imports from overseas manufacturers took a hit, falling 16 percent in April as domestic automakers capitalize on the shift towards eco-friendly vehicles."
U.S. auto sales declined 6.7 percent in April with imports falling 16 percent. Hybrid sales surged at Toyota, Honda and Hyundai as gasoline prices topped $4 per gallon. Average incentives rose to ...
