GM catches a break, finallyDavid Welch
Just when everyone thought high gasoline prices would kill off the big-sport utility vehicle business, General Motors Corp’s new gas hogs are showing signs of real life in the market. Sales of the all-new 2007 Chevrolet Tahoe were up 53% in January—the truck’s first month on the market—and J.D. Power says buyers are paying a lot more for the newly-designed vehicles. In January, the 2007 model Tahoe had an average after-rebate sale price of $42,400—a $7,000 spike over the old model.
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