Sunday, May 8, 2011

Small Car Sales Helped By Rising Gas Prices

With gas prices topping $4 a gallon in parts of the country, small cars sales have raced ahead. General Motors says its passenger car sales rose 49 percent ? spurred on by sales of 25,000 Chevy Cruze cars. At Ford, the Focus helped propel that carmaker's sales. And, Chrysler also enjoyed big gains.

Copyright ? 2011 National Public Radio?. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, host:

NPR's business news starts with a small car boom.

(Soundbite of music)

INSKEEP: I think it was paying $4.25 a gallon yesterday at the pump something like that and thats apparently normal - gas prices topping $4 per gallon in many parts of the country. And so small cars sales have raced ahead. GM says its passenger car sales rose 49 percent - spurred on by sales of 25,000 Chevy Cruze cars. At Ford, the Focus helped propel that carmaker's sales. And, Chrysler also enjoyed big gains. The laggard here was Toyota. Toyota is April sales were nearly flat because production was still disrupted by the March earthquake.

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Source: http://www.npr.org/2011/05/04/135977523/business-news?ft=1&f=3

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