Australia: SUV and Truck Sales Boom in May, Cars Drop

Talk about everything being down under… Whereas in the States the market turned upside down in May with cars sales booming in the expense of SUV/Pick-Up trucks, in Australia, where gas prices are significantly higher, sales of SUVs were up by 2.3% in May while passenger cars were down by 2.5%. In particular, the medium SUV segment saw its sales rise by 16.8% compared to May 2007 and the large