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Prognosis - USA - Analysts expect fuel prices to revive car sales
Bloomfield Hills, Mich,USA -Taipei Times(Taiwan)/BLOOMBERG -Sep 04, 2005: -- Toyota Motor Corp, Honda Motor Co and analysts expect many US consumers to shift back to cars from less fuel-efficient light trucks as gasoline prices surge on refining capacity lost to Hurricane Katrina. .. "I think we'll see a boom in the car segment," said Jim Sanfilippo, an auto-industry analyst for Automotive Marketing Consultants Inc in Bloomfield Hills, Michigan, on Thursday... "With US$3 a gallon or more for gasoline, there's a huge potential for people to migrate back to cars over the next few months."...
Combined sales of small cars, the most fuel-efficient auto category, for the three largest US-based automakers and the three biggest Japanese brands rose 11 percent last month, according to Bloomberg Data. Demand for the largest sport-utilities, among the least fuel-efficient trucks, dropped 17 percent...
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