Filed under: MPG

In the market for a new car this summer? Has it been long enough since the last gas price spike that you're not really worried about possible pain at the pump? If so, then you're like a lot of U.S. car buyers right now, according to new figures from AutoTrader.com.

Autotrader analyzed recent sales data and found that large vehicles lead the way for the recent turnaround for the industry because "many new-car buyers continued shifting back to trucks and SUVs in the face of stabilizing gas prices." Based on recent car searches on its site, Autotrader believes that this trend will continue, since:
Twelve of the top 20 most-searched new vehicles on AutoTrader.com in July were trucks or SUVs, with muscle/sports cars and sedans making up the balance of the top 20 new-vehicle list.AutoTrader.com president and CEO Chip Perry said in a statement that new car shoppers in the U.S. are just resigned to today's gas prices (currently at $2.78 U.S. per gallon), saying:
New-car buyers also want to make sure they make the right choice, but it appears many new-car shoppers and buyers have accepted gas prices in the high twos and low threes per gallon and are considering things like utility and style ahead of gas mileage.Are shoppers right to do this, or will we hear a bunch of wailing and complaining again when prices top $3 and then $4 in the coming years? The full release is after the jump.

[Source: AutoTrader.com]

Continue reading U.S. car buyers want large vehicles, SUVs again thanks to "stabilizing gas prices"

U.S. car buyers want large vehicles, SUVs again thanks to "stabilizing gas prices" originally appeared on Autoblog Green on Thu, 12 Aug 2010 19:50:00 EST. Please see our terms for use of feeds.

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