SUV Prices May Drop Due to Gas Prices
Gas prices rose to around $3 per gallon over the recent Christmas holiday.
Overall, gas prices have almost doubled in the last 2 years, and the predictions for future prices don't look pretty.
So what does all this mean for car buyers?
It's likely there will be some huge price drops on SUVs and pickup trucks, while smaller cars will see price increases if gas continues to rise this year.
Back in 2008 when gas prices hit record highs, consumers turned away from larger vehicles and embraced more fuel-efficient and looked at smaller cars.
Some dealers, in desperation, were offering unbelievable discounts on large SUVs and pickup trucks.
The reverse is also true - small and fuel-efficient cars, due to higher demand, will start seeing price increases, just as they did back in 2008.
If you're thinking of buying a large SUV or pickup truck,do it now. If you're thinking of buying a compact, fuel-efficient car, you may want to wait to buy one.
Gas prices rose to around $3 per gallon over the recent Christmas holiday.
Overall, gas prices have almost doubled in the last 2 years, and the predictions for future prices don't look pretty.
So what does all this mean for car buyers?
It's likely there will be some huge price drops on SUVs and pickup trucks, while smaller cars will see price increases if gas continues to rise this year.
Back in 2008 when gas prices hit record highs, consumers turned away from larger vehicles and embraced more fuel-efficient and looked at smaller cars.
Some dealers, in desperation, were offering unbelievable discounts on large SUVs and pickup trucks.
The reverse is also true - small and fuel-efficient cars, due to higher demand, will start seeing price increases, just as they did back in 2008.
If you're thinking of buying a large SUV or pickup truck,do it now. If you're thinking of buying a compact, fuel-efficient car, you may want to wait to buy one.
Thank you,
Thomas Ieracitano
Thomas Ieracitano
Facebook
Twitterwant a website or an email like this ? go to http://123BrandMe.com
No comments:
Post a Comment