>Car sales slump as America gets on its bike
>By Harry Mount in New York
>Lance Armstrong, rising petrol prices and America's love affair with the body beautiful have helped to launch >a boom in bicycle sales while the number of cars sold has slumped.
>Sales of speciality bicycles have soared by 10 per cent so far this year while car sales are down by 9.5 per >cent in the same period.
Looks like the price of oil has taken its toll
on car sales to a certain extent.