High Gas Prices are Pushing Car Buyers into More Fuel Efficient Cars
According to the latest Consumer Reports Poll, nearly seventy percent of those who planned to purchase a new car during the coming year woul...
https://iskablogs.blogspot.com/2007/05/high-gas-prices-are-pushing-car-buyers.html
According to the latest Consumer Reports Poll, nearly seventy percent of those who planned to purchase a new car during the coming year would be looking for a more fuel efficient vehicle than their current model. Nearly half of them would consider a diesel, hybrid or flex-fuel vehicle, even though only one in nine primarily drive one now.
Half would give up size or capacity (52%), range (49%), performance (48%) or amenities (44%) for higher fuel efficiency. 42% were willing to pay more for a fuel-efficient car, while 31% were willing to pay more for a special fuel.
Looks like the current high gas prices are affecting the way people are thinking about shopping for their next car. I saw similar polls last year when gas prices sky-rocketed, and since then there has been a slow erosion in the largest vehicle market and a small increase in the small car market. We'll have to see if this means we'll see an even larger move in that direction.
Half would give up size or capacity (52%), range (49%), performance (48%) or amenities (44%) for higher fuel efficiency. 42% were willing to pay more for a fuel-efficient car, while 31% were willing to pay more for a special fuel.
Looks like the current high gas prices are affecting the way people are thinking about shopping for their next car. I saw similar polls last year when gas prices sky-rocketed, and since then there has been a slow erosion in the largest vehicle market and a small increase in the small car market. We'll have to see if this means we'll see an even larger move in that direction.
