Fuel-efficient carmakers want to ride on loan guarantees

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: to be dismal for GM and most other automakers. Edmunds.com on has projected that total sales for the month would be 14.4% lower than a year ago and that GM’s sales would be down 27.5%. Sales would also be down at Chrysler, Ford and Toyota, Edmunds said.GM said it was seeing a good response to its current promotion, which offers “employee pricing” to all buyers, but Edmunds said big discounts had been overshadowed by the high gasoline prices and a sluggish economy.

“Over all, the programme has not been nearly as effective as its first implementation back in 2005,” the director of industry analysis at Edmunds, Jesse Toprak, said.The falloff in truck sales has been devastating to the Detroit automakers because those vehicles historically have generated the most profit. Lutz said small cars would become considerably more expensive, filling some of the void created by the evaporation of big profits from trucks.