"Fuel Prices Take a Toll on U.S. Auto Sales as Imports Plummet. Despite a surge in hybrid sales, the U.S. automotive market experienced a significant downturn in April, with overall sales declining 6.7 percent compared to the same period last year. The decline was even more pronounced for imported vehicles, which saw a staggering 16 percent drop in sales. As gasoline prices soared above $4 per gallon, consumers appear to be shifting towards more fuel-efficient options, with Toyota, Honda, and Hyundai reporting a notable increase in hybrid sales. But will this trend be enough to offset the broader decline in the market?"
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 ...
