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SUVs Plunge in Value as Drivers Turn to Smaller Cars

Downsizing is in as pump prices start to pinch drivers

(Newser) - SUVs are falling out of fashion fast as gas prices go through the roof, CNN reports. As drivers downsize to more fuel-efficient vehicles, gas-guzzlers are filling up used-car lots—but there aren't many buyers. The biggest SUVs—like the Cadillac Escalade, Ford Expedition, and Chevy Suburban—are dropping in value...

Small Cars Surge Amid Sky-High Gas Prices

1 in 5 vehicles sold in April was compact or subcompact

(Newser) - Facing ballooning gas prices, many Americans are turning to smaller cars, with about one in five vehicles sold in April a compact or subcompact, the New York Times reports. That compares to one in eight 10 years ago. “It’s easily the most dramatic segment shift I have witnessed...

Toyota Overtakes GM in Q1
 Toyota Overtakes GM in Q1 

Toyota Overtakes GM in Q1

US giant's worldwide sales off 0.6% as overseas growth mitigates domestic dip

(Newser) - GM’s vehicle sales fell 0.6% in the first quarter, helping Toyota, on 2.7% growth, take the global sales lead, the Wall Street Journal reports. Toyota sold 2.41 million vehicles worldwide to 2.25 million for the American giant, which was hurt badly by a 10.2%...

Teams Fail to Build Elevator to Heaven

Contestants still struggling to realize Willy Wonka fantasy

(Newser) - The race was on and the wind was up, which was something of a problem because contestants in the second annual Space Elevator Games in Utah yesterday were vying to send a vehicle 400 feet up a vertical cable attached to a crane. The prize of $500,000 in NASA...

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