Americans are turning away from gas-guzzling sport-utility vehicles, luxury cars and pick-up trucks in favour of smaller, more fuel-efficient models, judging by May sales figures.
The trend has given a boost to Toyota, which reported record sales last month, up 14 per cent from a year earlier.
General Motors’ light vehicle sales rose by almost 10 per cent. But Ford Motor reported a 7 per cent decline, due mainly to a sharp cutback in low-margin sales to car-rental companies. Ford’s retail sales were 3 per cent lower, with demand weakening in the final week of the month.
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