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Sales Plunge as Automakers Are Hit Hard by High Gas Prices

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Sheila Samples

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Sales were down 28 percent at the Ford Motor Company, 21 percent at Toyota and 18 percent at General Motors and Nissan. G.M.'s numbers were considerably better than expected, and its shares soared 12 percent on the news, after falling 6 percent earlier Tuesday. Record-high gas prices, a housing slump and weak consumer confidence have led to a sharp decline in sales of many vehicles.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Consumer Goods And Services; Consumer Price Index; Decline; General Motors, Add Tags

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