Have high oil prices of late really caused Americans to buy fewer SUVs, or is this just a myth?
It is indeed true that sales of sport utility vehicles (SUVs)—not to mention pickup trucks and vans—have plummeted in recent months in the U.S. Undoubtedly rising oil prices are playing a big role, and sales of the Ford Explorer, Lincoln Navigator, GMC Yukon and Hummer H2 are all down 50 percent or more.
