Detroit's No Good, Very Bad May
No question about it: Consumers are increasingly looking at continued high gas prices to inform their new-vehicle purchases or keep them on the sidelines altogether. Auto sales in May sank, with all three U.S. companies down and looking warily at a summer selldown of 2006 models that could force cutthroat discounting, especially to move increasingly unfashionable and impractical SUVs and trucks.
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