Savior from High Gas Prices: Used Cars, Chevy Cruze Diesel, or Federal Government?
Just when you think a universe is settling down, it goes crazy again.
Egypt kicked out the boss, Arkansas gifted 700 earthquakes in a last 6 months as well as Chevrolet will move (gasp!) a dieselCruze to the U.S.
All this and I haven’t even referred to gas prices nonetheless.
I’ve been removing used to prices during my area siphon hovering around $3.15 per gallon. That’s not as well bad, deliberation I can still fill up my small commuter Suzuki for reduction than $30. My wife’s SUV, though, final good over $50 of unleaded fossil fuel. That hurts a bit some-more.
Now, thanks to the unstable situation developing in Libya, oil prices are soaring again as well as an capricious prospect for automobile sales lies just around a dilemma.
Gas which costs $4 (or on top of would roughly positively derail a automotive liberation we’ve been reading about for a last integrate months. I mean, let’s be honest, zero can kill a car-buying hum utterly like costly gasoline.
Would $5 gas kill the ZL1?
So a question will become: have automakers done sufficient to weather the charge of freakishly costly gas? With a introduction of cars similar to a Ford Fiesta, Chevy Cruze and Fiat 500, there are positively more fuel-saving options than there were during a gas spikes of 2008. On a alternative palm, there’s a great essay during AutoObserver that says tall gas prices subdue automobile sales no matter how efficient brand new cars have been:
There’s the sure tipping point with gas prices where people will only stop shopping big-ticket items. And at which indicate, it doesn’t matter what vehicles GM or Hyundai creates.
I see 4 probable outcomes if gas prices top 4 dollars as well as conduct towards 5:
Sales of brand new cars will plummet since consumer certainty will be down.Sales of economical new cars such as variety, electrics as well as a Chevy Cruze diesel motor fuel (available in 2013!) will ascend as people punch a bullet and invest in a future.Sales of used cars will enlarge as people look for cheap and efficient transportation.The sovereign government will exercise the trillion-dollar program to offset a price of fuel so Americans goon to buy F-150s and superchargedCamaros from a U.S. automakers, to illustrate ensuring their profitability.
OK, so number 4 isn’t just expected, though I can’t say I wouldn’t be surprised
