"U.S. Auto Sales Take a Hit as Gas Prices Soar: Industry Sees Shift to Hybrids Amid Inflationary Pressures. The latest sales figures reveal a 6.7 percent decline in U.S. auto sales for April, with imports taking the biggest hit, plummeting by 16 percent. Meanwhile, a surprise trend is emerging, as hybrid vehicle sales are experiencing a significant surge at major manufacturers such as Toyota, Honda, and Hyundai. As gasoline prices continue to climb above $4 per gallon, consumers are increasingly turning to fuel-efficient options, forcing the industry to adapt and innovate in response to shifting market demands."
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 ...
