Oooh! Oooh! More good(ish) news on impending doom for SUVs..
This is from CNN.com/money:
In fact, however, vehicles have gotten considerably more fuel-efficient, according to a recent EPA report. It's just that car buyers have wanted other things from that efficiency rather than simply to travel farther on a gallon of gas.
For the same 21 miles per gallon, America drivers today are buying bigger, faster vehicles with a lot more power. Light trucks, a category that includes SUVs and minivans, now account for 50 percent of passenger vehicles sold in the U.S. That's more than double their share in 1981.
Could $3 gas change all that? There already are several signs that it is.
* Large SUV sales are 11.2 percent lower than they were at this time last year, according to AutoData.
* In the "beige book" released Wednesday, the Federal Reserve reported a shift to vehicles that use less gas.
* General Motors has indicated that it is extending its "Employee Price" incentives to
* These days, more consumers are saying that they are looking at gas mileage in making vehicle choices. In a recent poll by Kelley Blue Book and Harris Interactive, 59 percent of current vehicle shoppers said gas prices have either changed their minds or strongly influenced
* Meanwhile, according to Kelley Blue Book, resale values of used large SUVs are dropping.
(the image in this post is from a coworker that went to Amsterdam recently and shared this photo with moi as she heard I was into the small car thang. I have no idea what kind of car it is, but it looks like it may be battery powered, and makes a Smart car look pretty huge. )
NEW YORK (CNN/Money) - In 1981, the last time gas prices breached $3, adjusted for inflation, the average car got 21 miles to the gallon.
In fact, however, vehicles have gotten considerably more fuel-efficient, according to a recent EPA report. It's just that car buyers have wanted other things from that efficiency rather than simply to travel farther on a gallon of gas.
For the same 21 miles per gallon, America drivers today are buying bigger, faster vehicles with a lot more power. Light trucks, a category that includes SUVs and minivans, now account for 50 percent of passenger vehicles sold in the U.S. That's more than double their share in 1981.
Could $3 gas change all that? There already are several signs that it is.
* Large SUV sales are 11.2 percent lower than they were at this time last year, according to AutoData.
* In the "beige book" released Wednesday, the Federal Reserve reported a shift to vehicles that use less gas.
* General Motors has indicated that it is extending its "Employee Price" incentives to
* These days, more consumers are saying that they are looking at gas mileage in making vehicle choices. In a recent poll by Kelley Blue Book and Harris Interactive, 59 percent of current vehicle shoppers said gas prices have either changed their minds or strongly influenced
* Meanwhile, according to Kelley Blue Book, resale values of used large SUVs are dropping.
(the image in this post is from a coworker that went to Amsterdam recently and shared this photo with moi as she heard I was into the small car thang. I have no idea what kind of car it is, but it looks like it may be battery powered, and makes a Smart car look pretty huge. )
posted by fellswoop at 11:01 AM
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