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Big 3 dealers scared of the new CAFE standards

As our readers surely know, the Senate passed a bill a while back that would require a CAFE of 35 mpg, which is being fiercely opposed by the car-industry lobbies. It seems that these initiatives are making more people nervous: in a recent survey by Automotive News, dealers who sell Detroit's Big Three showed their concerns about the future CAFE standards: It would hurt their sales. The survey, taken by 698 auto dealers, 374 of them selling US brands shows that 76 percent of them affirmed that higher CAFE standards would hurt sales. On the ... Read more →

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