xcel
01-08-2008, 07:12 PM
"Fuel costs are a challenge for the entire industry." (http://canadianpress.google.com/article/ALeqM5hmiXUg0s7CMnX-ws31aR-34B9kww)
http://www.cleanmpg.com/photos/data/501/2007_Honda_Fit.jpgCanadian Press – Jan. 4, 2008
2007 Canadian Honda Fit sales were up a record 21% over 2006. Canadian passenger car sales as a whole however fell almost 1% while light truck sales volume increased 6.1% over the previous year :confused: -- Ed.
CALGARY - Soaring oil prices are prompting consumers to ditch gas guzzlers for more fuel-efficient models, according the Scotiabank's automotive industry specialist.
Last year's U.S. sales of sport utility vehicles were down by a third from their peak in 2001, Carlos Gomes said from Toronto on Friday, as the price of crude oil retreated to under US$98 a barrel after hitting a record $100.09 a day earlier.
"I think that clearly highlights the shift in vehicle purchasing habits that is occurring, not only in the United States, but also in Canada as well," he said.
Gomes said sales of so-called crossover utility vehicles, similar to SUVs but generally lighter and thriftier, have jumped from one million in 2001 to 2.8 million in 2007.
And hybrid vehicles, powered by both gasoline and electric motors, have seen sales go up by 40 to 50 per cent over that time frame, Gomes added.
"They're still a fairly small portion of the market, but definitely we are seeing people shift to more fuel-efficient vehicles."
Railways and airlines whose businesses rely on diesel and jet fuel are also feeling the pinch. Some have passed on higher costs to customers, while others have held back their fuel costs through futures contracts … http://canadianpress.google.com/article/ALeqM5hmiXUg0s7CMnX-ws31aR-34B9kww
http://www.cleanmpg.com/photos/data/501/2007_Honda_Fit.jpgCanadian Press – Jan. 4, 2008
2007 Canadian Honda Fit sales were up a record 21% over 2006. Canadian passenger car sales as a whole however fell almost 1% while light truck sales volume increased 6.1% over the previous year :confused: -- Ed.
CALGARY - Soaring oil prices are prompting consumers to ditch gas guzzlers for more fuel-efficient models, according the Scotiabank's automotive industry specialist.
Last year's U.S. sales of sport utility vehicles were down by a third from their peak in 2001, Carlos Gomes said from Toronto on Friday, as the price of crude oil retreated to under US$98 a barrel after hitting a record $100.09 a day earlier.
"I think that clearly highlights the shift in vehicle purchasing habits that is occurring, not only in the United States, but also in Canada as well," he said.
Gomes said sales of so-called crossover utility vehicles, similar to SUVs but generally lighter and thriftier, have jumped from one million in 2001 to 2.8 million in 2007.
And hybrid vehicles, powered by both gasoline and electric motors, have seen sales go up by 40 to 50 per cent over that time frame, Gomes added.
"They're still a fairly small portion of the market, but definitely we are seeing people shift to more fuel-efficient vehicles."
Railways and airlines whose businesses rely on diesel and jet fuel are also feeling the pinch. Some have passed on higher costs to customers, while others have held back their fuel costs through futures contracts … http://canadianpress.google.com/article/ALeqM5hmiXUg0s7CMnX-ws31aR-34B9kww
