The surge in fuel prices has led to a huge shift in buyer demand, according to General Motors, the maker reporting it sold more high-mileage models than ever last month.
Demand for products delivering 30 mpg or better has grown so much GM recently had to up incentives on less efficient V-6 versions of several crossover-utility vehicles because it was running out of higher-mileage four-cylinder models.
“GM’s strategic investments in four-cylinder and turbocharged engines, advanced transmissions and vehicle electrification have been very well timed,” said Mark Reuss, president of GM North America.
With the industry set to report March sales later today, GM gave a hint of what is happening as the market responds to $4 gas. Sales of the 12 models it offers in the U.S. getting at least 30 mpg will total more than 100,000 for the month, an all-time record, the company said.