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GasBuddy News Article

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Reversal: Now high gas prices drive car sales boom

USA Today -- High gas prices used to hold down new car sales. Now it's fueling them.

So says Automotive News, which points to March's buoyant sales -- 1.4 million vehicles, up 13% compared to the same month last year -- and says much of the activity involved buyers trading in old, inefficient autos for new gas-saving models.

"Fuel economy was the name of the game in March [and] the first quarter," Ken Czubay, Ford's U.S. sales chief tells the News. "Dealers across the country told us that higher fuel prices played a larger role in customers' choices."

Gas prices continue to rise and there's a good chance they may top $4 a gallon nationally this week.

A little comparison with the last gas-price runup: In May, 2008, cars saw sales rise 2% while gas-gulping pickup trucks and SUVs fell 25%.


Read the Full Article

Submitted Apr 09, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Reversal: Now high gas prices drive car sales boom Back to Topics
REPLIES (newest first) Post a Reply
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carefrey
Champion Author Orlando

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Message Posted: Apr 9, 2012 8:52:09 PM

Who can afford a new car?
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swrestler
Champion Author Grand Rapids

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Message Posted: Apr 9, 2012 8:48:52 PM

Good Mileage Is The Way To Go...
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TedNC
Champion Author North Carolina

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Message Posted: Apr 9, 2012 8:43:08 PM

If you want a small punny car with a 4 banger to get the good mileage, go buy one.
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FunMyster
All-Star Author Indiana

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Message Posted: Apr 9, 2012 8:39:21 PM

ok
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CDMAuto
Champion Author Connecticut

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Message Posted: Apr 9, 2012 8:35:56 PM

THEY WILL ROB YOU ONE WAY OR ANOTHER....
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DABEE1073
Champion Author San Diego

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Message Posted: Apr 9, 2012 8:30:11 PM

THAT IS IF YOU WANT A ELECTRIC CAR AT A VERY HIGH PRICE.
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CaesarI
Veteran Author Augusta

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Message Posted: Apr 9, 2012 8:24:04 PM

Good for car builders.
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76chevy
Champion Author Toledo

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Message Posted: Apr 9, 2012 8:22:23 PM

I don't think it's that simple.
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Road4Runner
Sophomore Author Ontario

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Message Posted: Apr 9, 2012 8:22:17 PM

Those whom can afford a new vehicle that would save them on petro costs are fortunate. Not everyone, like ourselves have the option of becoming a fuel efficient vehicle owner.
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Z51Corvette
Champion Author Austin

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Message Posted: Apr 9, 2012 8:22:11 PM

Well it is only fueling... haha... sales for people, who have disposable income to make the change to a higher fuel efficient vehicle. It is still better cost effective to improve what you have and drive to better effective or efficient with your trips.

New cars AREN'T the answer... being a smarter, better effective and efficient driver IS!
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ot4kidz
Champion Author Cleveland

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Message Posted: Apr 9, 2012 8:21:55 PM

Can't afford gas, really can't afford a new car (unless the old one has completely died).
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djm5x9
Champion Author Atlanta

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Message Posted: Apr 9, 2012 8:20:21 PM

OK.
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UBDave
Champion Author British Columbia

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Message Posted: Apr 9, 2012 8:19:45 PM

Good luck to anyone trying to sell or trade-in their Hummers these days!
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Tucker16
Champion Author Ottawa

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Message Posted: Apr 9, 2012 8:18:44 PM

Makes me happy I don't drive a gas guzzler anymore.
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RitaVespa
Champion Author Oregon

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Message Posted: Apr 9, 2012 8:18:28 PM

ok
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Jeff1944
Champion Author South Dakota

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Message Posted: Apr 9, 2012 8:17:56 PM

The Democratic plan subscribed to by the President, Steve Chu, Ken Salazar and Lisa Jackson wanted higher prices for gasoline so alternative fuels would be used.
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chvytruk
All-Star Author Kentucky

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Message Posted: Apr 9, 2012 8:14:11 PM

With an average, note "average", new car price running $30,000, it will be a long, long time before I pop for one.
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geoutpb
Champion Author Midland Odessa

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Message Posted: Apr 9, 2012 8:13:09 PM

If your car is old and you are trading it in, for a higher mileage vehicle you will spend less on fuel. If you ever think you are going to pay out and make money on a car you are a fool. Cars are a asset that depreciates the minute you own it, then gets old and needs repairs. Drive only what you can afford, if you can not take the bus, walk or ride a bike.
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nascar8806
Champion Author Oklahoma City

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Message Posted: Apr 9, 2012 8:12:21 PM

OK
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mikaye
Champion Author Cleveland

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Message Posted: Apr 9, 2012 8:11:59 PM

demand for fuel efficent vehicles boost sales.
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iamforiu
Champion Author Indiana

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Message Posted: Apr 9, 2012 8:11:14 PM

We never learn
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movietracker
All-Star Author Pennsylvania

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Message Posted: Apr 9, 2012 8:10:14 PM

I also had to buy a more fuel efficient car; from 18 mpg SUV to 38 mpg Honda Civic. Makes a difference in my pocket even with a car payment
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vroomputtputt
Veteran Author Oregon

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Message Posted: Apr 9, 2012 8:09:48 PM

so is 23 mpg good for SUV. well if people buy it Im sure somronr thinks so.
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HKL
All-Star Author Wilmington

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Message Posted: Apr 9, 2012 8:09:25 PM

ok
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IUVidiot
Champion Author Indiana

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Message Posted: Apr 9, 2012 8:08:52 PM

ok
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jpd683
Champion Author Scranton

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Message Posted: Apr 9, 2012 8:07:55 PM

I just bought a car that get 15 more miles per gallon.
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jwduke1
Champion Author Iowa

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Message Posted: Apr 9, 2012 8:07:47 PM

I can buy a lot of gas for the cost of a car that gets 10 mpg more!
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ROSYMI
Champion Author Michigan

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Message Posted: Apr 9, 2012 8:06:36 PM

can't afford to buy a car
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mitchell6597
Champion Author New Hampshire

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Message Posted: Apr 9, 2012 8:03:19 PM

I guess you can trade your car in instead of getting an oil change or new tires too, right? Just sayin'...
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Dipstick1
Champion Author Amarillo

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Message Posted: Apr 9, 2012 8:01:44 PM

The only way to save money by buying a new car is to use that fuzzy math.
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joeborge
Champion Author Ventura

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Message Posted: Apr 9, 2012 7:59:44 PM

something doesn't compute
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BlueOnyx
All-Star Author Georgia

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Message Posted: Apr 9, 2012 7:54:10 PM

I can't believe the number of big SUVs STILL on the road. At least around here.
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RickF350
Champion Author Washington

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Message Posted: Apr 9, 2012 7:53:54 PM

If your goal is to save money, buying new in not a good starting point.
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BigBob12345
Champion Author Gasbuddy

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Message Posted: Apr 9, 2012 7:52:30 PM

whatever
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bettersight
Champion Author Oakland

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Message Posted: Apr 9, 2012 7:50:39 PM

ok
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eye-spy
Champion Author Quebec

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Message Posted: Apr 9, 2012 7:44:31 PM

I'm not buying.
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mgune9
All-Star Author Dallas

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Message Posted: Apr 9, 2012 7:43:48 PM

it's very difficult to justify the cost of many smaller cars and the hybrids to save on gas. The prices of these will never break even. Not going to inspire me to buy a new vehicle.
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300kmiles
Champion Author Orange County

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Message Posted: Apr 9, 2012 7:42:31 PM

More affordable choices these days with nice features...
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2TitanU
Sophomore Author Indianapolis

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Message Posted: Apr 9, 2012 7:42:31 PM

it's a lose lose deal .... lose money buy trading in a Truck or lose money at the pump . . . I'll leave mine at the pump for now .... with the ability to haul something and not be in a soda can on the road.
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OhioGuy65
Rookie Author Ohio

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Message Posted: Apr 9, 2012 7:42:11 PM

Who can afford a new car or even a good used one. They are as overpriced as the gas it takes to run them.
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DCbeachbum
Champion Author South Carolina

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Message Posted: Apr 9, 2012 7:40:06 PM

Buying these smaller cars is only good for the mind. The consumer will only break even after several years.
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crashintuc34
Champion Author Tucson

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Message Posted: Apr 9, 2012 7:39:41 PM

Not for me.
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mycar2
Champion Author Akron

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Message Posted: Apr 9, 2012 7:39:33 PM

who can afford a new car?
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Topshopper2011
Champion Author New Jersey

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Message Posted: Apr 9, 2012 7:39:00 PM

How about Europe have more high gas mileage cars than available in the USA!?! How did that happen?
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EmperorsFinest
Champion Author Chicago

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Message Posted: Apr 9, 2012 7:38:56 PM

I have a small car.
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Martillo
Champion Author Dallas

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Message Posted: Apr 9, 2012 7:37:54 PM

ok
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iceman11
Champion Author Ontario

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Message Posted: Apr 9, 2012 7:37:32 PM

ok
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TJC47
Champion Author Indianapolis

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Message Posted: Apr 9, 2012 7:34:50 PM

Get a motorcycle?
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hoffbeck20
Veteran Author Minnesota

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Message Posted: Apr 9, 2012 7:33:26 PM

Buying the little cars
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Kaiyne
Champion Author Chicago

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Message Posted: Apr 9, 2012 7:31:58 PM

We are learning to buy small.
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bcok
Champion Author Los Angeles

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Message Posted: Apr 9, 2012 7:28:48 PM

Won't catch me going to debt for a ride!
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