Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:31 PM

GasBuddy News Article

53
votes
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
rjhenn
Champion Author Des Moines

Posts:29,771
Points:2,963,980
Joined:Aug 2005
Message Posted: Apr 10, 2012 1:50:32 PM

Sparky, there's a whole section of the forum, Just For Fun, where you can make meaningless posts for points.
sparky808
Champion Author Honolulu

Posts:6,092
Points:1,380,010
Joined:Sep 2011
Message Posted: Apr 10, 2012 1:29:40 PM

Thank you for posting.
A2J
Champion Author Richmond

Posts:6,231
Points:1,354,625
Joined:Aug 2011
Message Posted: Apr 10, 2012 9:51:40 AM

hmmm
robaloma
Champion Author Houston

Posts:3,832
Points:1,375,125
Joined:Feb 2011
Message Posted: Apr 10, 2012 9:12:04 AM

If you can't afford a tank of gas, how can you afford a new car?
SparkieMi
Champion Author Kalamazoo

Posts:6,435
Points:1,372,200
Joined:Sep 2011
Message Posted: Apr 10, 2012 12:41:43 AM

No surprise....
ExplorerWA
Champion Author Washington

Posts:6,057
Points:1,499,015
Joined:Feb 2011
Message Posted: Apr 10, 2012 12:30:05 AM

I don't believe it.
johnd900
Veteran Author Massachusetts

Posts:475
Points:192,305
Joined:Jan 2012
Message Posted: Apr 10, 2012 12:28:25 AM

Conspiracy theory :)
The car companies get the oil companies to keep the prices high so that the masses will buy new more fuel efficient cars.
GasFreeLeaf
Champion Author Orange County

Posts:1,476
Points:577,705
Joined:Oct 2010
Message Posted: Apr 10, 2012 12:25:07 AM

It is good to see some motion in the economy.
jkpsr
Champion Author New Jersey

Posts:5,978
Points:1,637,020
Joined:Jun 2005
Message Posted: Apr 10, 2012 12:22:49 AM

And all this time the Big Three opposed tighter mileage standards!
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,062,270
Joined:May 2008
Message Posted: Apr 10, 2012 12:20:22 AM

Don't believe it.........
Bigwaynef
Champion Author South Carolina

Posts:15,726
Points:2,886,080
Joined:Dec 2006
Message Posted: Apr 10, 2012 12:17:16 AM

Sweet, so I guess I can buy a new car every 6 months hell maybe gas will go even higher...dreamns...
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Apr 10, 2012 12:17:04 AM

It's not pushing me to a new car.
KrsnaDragon
Champion Author Montreal

Posts:6,152
Points:1,336,270
Joined:Nov 2011
Message Posted: Apr 10, 2012 12:16:11 AM

At last, people are beginning to acknowledge the end of oil, lol.
umitb
Champion Author Indianapolis

Posts:6,553
Points:1,514,455
Joined:Apr 2010
Message Posted: Apr 10, 2012 12:14:15 AM

ok
btex49
Champion Author Austin

Posts:5,939
Points:1,306,630
Joined:Aug 2011
Message Posted: Apr 10, 2012 12:14:12 AM

Prices for used trucks is too high. I bought a pick up from my brother-in-law's lot two or three years ago. It was totaled in a wreck when I was struck form behind while sitting at a light. The insurance company has offered me more than what I paid for it and now my brother-in-law is saying my truck is worth even more than the insurance company if offering.
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Apr 10, 2012 12:13:50 AM

Can't win either way, high gas prices or overpriced new vehicles.
Dsin44
Champion Author Abbotsford

Posts:1,348
Points:313,405
Joined:Apr 2011
Message Posted: Apr 10, 2012 12:12:50 AM

can not afford a new car or the payment... need a higher paying job.
jem069
Champion Author Detroit

Posts:4,585
Points:1,318,860
Joined:Jan 2011
Message Posted: Apr 10, 2012 12:12:00 AM

ok
chuckwthompson
Champion Author Charlotte

Posts:7,150
Points:1,404,560
Joined:Sep 2011
Message Posted: Apr 10, 2012 12:11:13 AM

0% financing is packed into the price. There is NO free lunch!
herndonks
Champion Author Baltimore

Posts:1,116
Points:211,685
Joined:Dec 2011
Message Posted: Apr 10, 2012 12:11:10 AM

Ok
yakstar
Champion Author Montreal

Posts:5,540
Points:1,262,850
Joined:Jan 2012
Message Posted: Apr 10, 2012 12:11:07 AM

sweet b jesus!
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Apr 10, 2012 12:10:43 AM

Hard decision to buy nowadays. All prices & associated costs are going higher.
vegboy
All-Star Author Massachusetts

Posts:550
Points:106,700
Joined:Feb 2012
Message Posted: Apr 10, 2012 12:09:58 AM

good for economy. but it dont make financial sense to me, it will take years to recoup the cost savings, i'll stick with my car and bank my $.
heartbroken2010
Champion Author Ottawa

Posts:7,698
Points:1,706,010
Joined:Aug 2010
Message Posted: Apr 10, 2012 12:09:30 AM

only because they have to offer " 0% Financing " , that is of course if you have a job.
rtw777
Champion Author Florida

Posts:12,763
Points:2,652,270
Joined:Jan 2008
Message Posted: Apr 10, 2012 12:09:20 AM

Doesn't make sense.
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: Apr 10, 2012 12:08:26 AM

Fuel efficient vehicles are here to stay.
MattieDale
Sophomore Author Cincinnati

Posts:236
Points:207,275
Joined:Mar 2003
Message Posted: Apr 10, 2012 12:08:14 AM

That's alright. I got a Yamaha motorcycle.
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Apr 10, 2012 12:06:46 AM

Really is it true?
mcmonsta
Champion Author Honolulu

Posts:6,309
Points:1,632,225
Joined:Sep 2009
Message Posted: Apr 10, 2012 12:05:55 AM

how odd that we cannot buy what we want because of what we have to pay just to run it
joel27nc
Champion Author Raleigh

Posts:13,922
Points:2,684,420
Joined:Mar 2008
Message Posted: Apr 10, 2012 12:05:33 AM

Really, now....not 2 years ago....really
Z06KY
Champion Author Louisville

Posts:8,543
Points:1,708,925
Joined:Nov 2010
Message Posted: Apr 10, 2012 12:05:14 AM

It has happen before!
Colts13
Champion Author Indiana

Posts:4,947
Points:1,310,985
Joined:Mar 2011
Message Posted: Apr 10, 2012 12:04:49 AM

Ok.
Mnbncounter
Champion Author San Jose

Posts:23,467
Points:4,995,845
Joined:May 2001
Message Posted: Apr 10, 2012 12:04:21 AM

Time to get rid of those POS SUVs.
TheBusStopsHere
Champion Author Oklahoma

Posts:15,665
Points:3,240,360
Joined:Jun 2006
Message Posted: Apr 10, 2012 12:03:27 AM

I'm driving my well-used car into the ground...can't afford a new one!
69Bonne
Champion Author Gary

Posts:3,572
Points:1,091,435
Joined:Sep 2005
Message Posted: Apr 10, 2012 12:00:48 AM

Yeah, well there are more fuel efficient cars these days.
bvrbill
Champion Author Eugene

Posts:8,409
Points:1,347,450
Joined:Jul 2011
Message Posted: Apr 9, 2012 11:59:35 PM

It's good to have a more fuel efficient vehicle. I can't afford one.
alterman156
Champion Author New York

Posts:10,890
Points:2,365,600
Joined:Dec 2008
Message Posted: Apr 9, 2012 11:58:44 PM

Those new car sales are probably for fuel efficient cars.
DandyDapple
All-Star Author North Dakota

Posts:715
Points:898,820
Joined:Sep 2008
Message Posted: Apr 9, 2012 11:57:21 PM

OMG 2012
mdskier
Champion Author Sacramento

Posts:11,184
Points:2,050,115
Joined:Aug 2005
Message Posted: Apr 9, 2012 11:52:58 PM

Maybe people will now come to their senses and dump/sell
their oversized gas guzzling SUV's for small economical
to drive cars.

OTOH, they never learn.
Tucker1961
Champion Author Seattle

Posts:2,157
Points:363,170
Joined:Jun 2009
Message Posted: Apr 9, 2012 11:51:43 PM

good for auto workers
USCCRN
Sophomore Author Long Island

Posts:145
Points:106,640
Joined:Mar 2012
Message Posted: Apr 9, 2012 11:50:27 PM

Only people with lots of money can afford to buy a new car because, new car dealerships are selling them dirt cheap to make up for their losses during the past fews years in this turbulent and horrible economy.
jessek
Champion Author Detroit

Posts:2,657
Points:1,280,490
Joined:Sep 2008
Message Posted: Apr 9, 2012 11:50:21 PM

Good for them.
Holly123
Champion Author Charlotte

Posts:6,107
Points:1,589,750
Joined:Dec 2010
Message Posted: Apr 9, 2012 11:49:32 PM

I guess there are some who are buying new cars for that reason. Not me. The gas is cheaper than a new car payment.
aggietim
Champion Author Fort Worth

Posts:2,392
Points:1,308,005
Joined:Oct 2008
Message Posted: Apr 9, 2012 11:49:14 PM

who can afford a new car
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Apr 9, 2012 11:49:10 PM

Yes.........
jason98122
Champion Author Seattle

Posts:1,050
Points:1,249,245
Joined:Apr 2008
Message Posted: Apr 9, 2012 11:47:12 PM

I am glad there are more choices than there was in 2008 when gas prices spiked. Hope there are more choices moving forward in the future.
carman11
Champion Author North Carolina

Posts:6,829
Points:1,501,125
Joined:Jun 2011
Message Posted: Apr 9, 2012 11:45:14 PM

OK
flghtmedic
All-Star Author Pensacola

Posts:537
Points:479,755
Joined:Apr 2006
Message Posted: Apr 9, 2012 11:45:12 PM

Ok
rayla36
Sophomore Author Columbus

Posts:118
Points:39,410
Joined:Mar 2012
Message Posted: Apr 9, 2012 11:41:45 PM

I actually like my car dealer and he says he's seeing an increase in sales.
LaVonneK
Champion Author Iowa

Posts:6,351
Points:1,455,645
Joined:Jul 2011
Message Posted: Apr 9, 2012 11:41:35 PM

Good for them.
OGW
Champion Author London

Posts:7,135
Points:2,212,765
Joined:Sep 2005
Message Posted: Apr 9, 2012 11:41:09 PM

You buy what you need and what you can afford regardless of fuel prices. Very few people will walk if they have a choice!
Post a reply Back to Topics