OnlineBusinessBureau.com
We are not the Better Business Bureau. We're better!
 
   About Us
   Our Ratings
   Look up a Company
   File a Complaint
   Complaint Resolution
     Center
   Resources
   Membership - Join Now!
   Member Login
   Testimonials
   Contact Us

1,846,323 companies
in our database.

Join our weekly
Consumer Fraud
Alert Newsletter



Our members proudly
display this seal!

Online Business Bureau News

[ All Headlines ]

Gas prices don't deter SUV buyers [04/24/2006]

Gas prices don't deter SUV buyers

ARLINGTON, Texas (UPI) -- The General Motors Corps. assembly plant in Arlington, Texas, is working overtime to meet pent-up demand despite high gasoline prices.

The 2007 SUVs average less than 20 miles per gallon, and gas is likely to remain expensive, the Dallas Morning News reported. But GM officials and dealers say buyers who pay $40,000 or more for an SUV can afford $3 for a gallon of gas.

GM lost more than $10 billion last year and needs revenue from full-size SUVs to bolster its cash flow during reorganization, the newspaper said. The automaker is closing plants and shedding jobs to cut costs.

The company is experiencing strong sales for the 2007 Chevrolet Tahoe, GMC Yukon and Cadillac Escalade. In the first quarter of 2006, Tahoe sales were up more than 37 percent, and GM's revenue per vehicle has climbed $1,000 to $19,960, partly because of higher sticker prices.

Mark Eddins, president of Friendly Chevrolet in Dallas, says demand for the new SUVs is greater than he anticipated, but the resulting tight supply is a nice problem for a domestic dealer to have.


Copyright 2006 by United Press International




Credit Secrets Bible

Get Paid for
Doing Surveys





The Online Business Bureau -- 21441 Pacific Boulevard -- Suite 200 -- Sterling, VA 20166 -- 202-558-5282
News Releases |  News Articles |  Financial Calculators |  Contact Us |  Privacy Policy | Terms of Use & Legal Notice
Copyright © 2017 Online Business Bureau, L. C.. All Rights Reserved.
We are not affiliated with the Council of Better Business Bureaus, Inc.