I’m glad to see we learned our lesson…
After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America’s taste for big vehicles.
Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn’t happened since February.
Meanwhile the forecast finds that sales of hybrid vehicles are expected to be way down.
“Despite all the public discussion of fuel efficiency, SUVs and trucks are the industry’s biggest sellers right now as a remarkable number of buyers seem to be compelled by three factors: great deals, low gas prices and winter weather,” commented Michelle Krebs, Senior Editor of Edmunds’ AutoObserver.com.
Well, the one good thing about hybrid sales being down is that those who were on waiting lists will have access to the autos.
Still, this type of news makes me shake my head and wonder how Americans can be so shortsighted. We collectively stopped using as much gas and that forced speculators to drop their supplies on the market and the price plummeted.
Now it looks as if we’ll just start using more again because the price is cheaper and guess what’ll happen.
This entry was posted on Friday, December 26th, 2008 and is filed under Bad Decisions, Cars, Economy, Energy, Gas, Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.