Saturday, March 18, 2006

SUVs "socially embarrassing"

SUV sales are off. Less than half of luxury SUV owners purchase another one when trading in. Manufacturers have to offer record incentives to get SUVs off the sales lot.

The higher cost of gasoline plays a big role, as it has for the last year of high oil prices. But wealthy buyers, who used to shrug off the expense, are shifting gears, as excessive energy consumption is becoming socially embarrassing. (NY Times)

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