Gas prices hitting SUV sales? Survey of new vehicle prices finds large SUV prices off, while compact car prices up. NEW YORK (CNN/Money) - Prices for large sport utility vehicles and pickup trucks fell in April while prices for smaller cars rose, when corrected for options and other factors, according to autos Website Edmunds.com. This suggests that car buyers are becoming more concerned with fuel economy in the face of rising gas prices, according to the Website. here's the link ]http://money.cnn.com/2004/05/13/pf/autos/s...=yes[/url]
Those of us who have been around longer know that this has happened before. The oil embargo of the early 70s almost killed the muscle car, and owners of these vehicles gave them away for very little as everyone rushed to buy small cars. The Japanese were right there to capitalize on the situation, while American car makers rushed to build the Vega and the Pinto. As gas prices decreased, or at least stabilized for a long time, and the government relaxed average mpg quotas established for car makers, customers began buying again the big gas guzzlers. So, here we go again...
