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CarMax, a used car retailer says price declines for SUV's and pickup trucks were severe in early months of 2008 with a 25% decline. The declines were sharpest in May and early June suggesting that things could get very bad for carmakers which don't make an abrupt and dramatic shift away from these types of vehicles.
GM Puts Off Truck, SUV Redesigns In New Focus
Wall Street Journal 06/19/2008
Grim CarMax News Hits Auto Makers
Wall Street Journal 06/19/2008
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