GasBuddy News Article

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Reversal: Now high gas prices drive car sales boom

USA Today -- High gas prices used to hold down new car sales. Now it's fueling them.

So says Automotive News, which points to March's buoyant sales -- 1.4 million vehicles, up 13% compared to the same month last year -- and says much of the activity involved buyers trading in old, inefficient autos for new gas-saving models.

"Fuel economy was the name of the game in March [and] the first quarter," Ken Czubay, Ford's U.S. sales chief tells the News. "Dealers across the country told us that higher fuel prices played a larger role in customers' choices."

Gas prices continue to rise and there's a good chance they may top $4 a gallon nationally this week.

A little comparison with the last gas-price runup: In May, 2008, cars saw sales rise 2% while gas-gulping pickup trucks and SUVs fell 25%.

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Submitted Apr 09, 2012 By: BurntOrange

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rjhenn Champion Author Des Moines Posts:22,438 Points:2,228,950 Joined:Aug 2005	Message Posted: Apr 10, 2012 11:50:32 AM Ignore rjhenn Report Abuse Sparky, there's a whole section of the forum, Just For Fun, where you can make meaningless posts for points.
sparky808 Champion Author Honolulu Posts:2,998 Points:597,735 Joined:Sep 2011	Message Posted: Apr 10, 2012 11:29:40 AM Ignore sparky808 Report Abuse Thank you for posting.
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Apr 10, 2012 7:51:40 AM Ignore A2J Report Abuse hmmm
robaloma Champion Author Houston Posts:2,596 Points:691,400 Joined:Feb 2011	Message Posted: Apr 10, 2012 7:12:04 AM Ignore robaloma Report Abuse If you can't afford a tank of gas, how can you afford a new car?
SparkieMi Champion Author Kalamazoo Posts:3,258 Points:588,325 Joined:Sep 2011	Message Posted: Apr 9, 2012 10:41:43 PM Ignore SparkieMi Report Abuse No surprise....
ExplorerWA Champion Author Washington Posts:4,078 Points:796,400 Joined:Feb 2011	Message Posted: Apr 9, 2012 10:30:05 PM Ignore ExplorerWA Report Abuse I don't believe it.
johnd900 Veteran Author Massachusetts Posts:475 Points:192,305 Joined:Jan 2012	Message Posted: Apr 9, 2012 10:28:25 PM Ignore johnd900 Report Abuse Conspiracy theory :) The car companies get the oil companies to keep the prices high so that the masses will buy new more fuel efficient cars.
GasFreeLeaf Champion Author Orange County Posts:1,246 Points:474,930 Joined:Oct 2010	Message Posted: Apr 9, 2012 10:25:07 PM Ignore GasFreeLeaf Report Abuse It is good to see some motion in the economy.
jkpsr Champion Author New Jersey Posts:4,079 Points:1,101,905 Joined:Jun 2005	Message Posted: Apr 9, 2012 10:22:49 PM Ignore jkpsr Report Abuse And all this time the Big Three opposed tighter mileage standards!
rawdog1313 Champion Author Lexington Posts:3,299 Points:1,642,805 Joined:May 2008	Message Posted: Apr 9, 2012 10:20:22 PM Ignore rawdog1313 Report Abuse Don't believe it.........
Bigwaynef Champion Author South Carolina Posts:11,472 Points:2,080,760 Joined:Dec 2006	Message Posted: Apr 9, 2012 10:17:16 PM Ignore Bigwaynef Report Abuse Sweet, so I guess I can buy a new car every 6 months hell maybe gas will go even higher...dreamns...
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,230 Joined:May 2011	Message Posted: Apr 9, 2012 10:17:04 PM Ignore gd83goldwinger Report Abuse It's not pushing me to a new car.
KrsnaDragon Champion Author Montreal Posts:2,407 Points:530,550 Joined:Nov 2011	Message Posted: Apr 9, 2012 10:16:11 PM Ignore KrsnaDragon Report Abuse At last, people are beginning to acknowledge the end of oil, lol.
umitb Champion Author Indianapolis Posts:3,681 Points:844,415 Joined:Apr 2010	Message Posted: Apr 9, 2012 10:14:15 PM Ignore umitb Report Abuse ok
btex49 Champion Author Austin Posts:2,715 Points:530,105 Joined:Aug 2011	Message Posted: Apr 9, 2012 10:14:12 PM Ignore btex49 Report Abuse Prices for used trucks is too high. I bought a pick up from my brother-in-law's lot two or three years ago. It was totaled in a wreck when I was struck form behind while sitting at a light. The insurance company has offered me more than what I paid for it and now my brother-in-law is saying my truck is worth even more than the insurance company if offering.
Blue_Cruzer Champion Author Lexington Posts:7,520 Points:1,669,585 Joined:Mar 2007	Message Posted: Apr 9, 2012 10:13:50 PM Ignore Blue_Cruzer Report Abuse Can't win either way, high gas prices or overpriced new vehicles.
Dsin44 Champion Author Abbotsford Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Apr 9, 2012 10:12:50 PM Ignore Dsin44 Report Abuse can not afford a new car or the payment... need a higher paying job.
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Apr 9, 2012 10:12:00 PM Ignore jem069 Report Abuse ok
chuckwthompson Champion Author Charlotte Posts:3,755 Points:577,185 Joined:Sep 2011	Message Posted: Apr 9, 2012 10:11:13 PM Ignore chuckwthompson Report Abuse 0% financing is packed into the price. There is NO free lunch!
herndonks Champion Author Baltimore Posts:1,116 Points:211,685 Joined:Dec 2011	Message Posted: Apr 9, 2012 10:11:10 PM Ignore herndonks Report Abuse Ok
yakstar Champion Author Montreal Posts:2,415 Points:479,070 Joined:Jan 2012	Message Posted: Apr 9, 2012 10:11:07 PM Ignore yakstar Report Abuse sweet b jesus!
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Apr 9, 2012 10:10:43 PM Ignore tedjm1 Report Abuse Hard decision to buy nowadays. All prices & associated costs are going higher.
vegboy All-Star Author Massachusetts Posts:550 Points:106,700 Joined:Feb 2012	Message Posted: Apr 9, 2012 10:09:58 PM Ignore vegboy Report Abuse good for economy. but it dont make financial sense to me, it will take years to recoup the cost savings, i'll stick with my car and bank my $.
heartbroken2010 Champion Author Ottawa Posts:4,344 Points:897,535 Joined:Aug 2010	Message Posted: Apr 9, 2012 10:09:30 PM Ignore heartbroken2010 Report Abuse only because they have to offer " 0% Financing " , that is of course if you have a job.
rtw777 Champion Author Florida Posts:9,396 Points:1,841,995 Joined:Jan 2008	Message Posted: Apr 9, 2012 10:09:20 PM Ignore rtw777 Report Abuse Doesn't make sense.
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: Apr 9, 2012 10:08:26 PM Ignore cmsense Report Abuse Fuel efficient vehicles are here to stay.
MattieDale Sophomore Author Cincinnati Posts:236 Points:207,275 Joined:Mar 2003	Message Posted: Apr 9, 2012 10:08:14 PM Ignore MattieDale Report Abuse That's alright. I got a Yamaha motorcycle.
regout Champion Author Quebec Posts:2,950 Points:831,730 Joined:May 2010	Message Posted: Apr 9, 2012 10:06:46 PM Ignore regout Report Abuse Really is it true?
mcmonsta Champion Author Honolulu Posts:3,227 Points:817,795 Joined:Sep 2009	Message Posted: Apr 9, 2012 10:05:55 PM Ignore mcmonsta Report Abuse how odd that we cannot buy what we want because of what we have to pay just to run it
joel27nc Champion Author Raleigh Posts:10,534 Points:1,858,310 Joined:Mar 2008	Message Posted: Apr 9, 2012 10:05:33 PM Ignore joel27nc Report Abuse Really, now....not 2 years ago....really
Z06KY Champion Author Louisville Posts:5,145 Points:905,715 Joined:Nov 2010	Message Posted: Apr 9, 2012 10:05:14 PM Ignore Z06KY Report Abuse It has happen before!
Colts13 Champion Author Indiana Posts:1,571 Points:548,285 Joined:Mar 2011	Message Posted: Apr 9, 2012 10:04:49 PM Ignore Colts13 Report Abuse Ok.
Mnbncounter Champion Author San Jose Posts:20,126 Points:4,175,700 Joined:May 2001	Message Posted: Apr 9, 2012 10:04:21 PM Ignore Mnbncounter Report Abuse Time to get rid of those POS SUVs.
TheBusStopsHere Champion Author Oklahoma Posts:12,485 Points:2,465,910 Joined:Jun 2006	Message Posted: Apr 9, 2012 10:03:27 PM Ignore TheBusStopsHere Report Abuse I'm driving my well-used car into the ground...can't afford a new one!
69Bonne Champion Author Gary Posts:1,150 Points:473,150 Joined:Sep 2005	Message Posted: Apr 9, 2012 10:00:48 PM Ignore 69Bonne Report Abuse Yeah, well there are more fuel efficient cars these days.
bvrbill Champion Author Eugene Posts:3,217 Points:517,775 Joined:Jul 2011	Message Posted: Apr 9, 2012 9:59:35 PM Ignore bvrbill Report Abuse It's good to have a more fuel efficient vehicle. I can't afford one.
alterman156 Champion Author New York Posts:7,485 Points:1,556,775 Joined:Dec 2008	Message Posted: Apr 9, 2012 9:58:44 PM Ignore alterman156 Report Abuse Those new car sales are probably for fuel efficient cars.
DandyDapple All-Star Author North Dakota Posts:715 Points:310,820 Joined:Sep 2008	Message Posted: Apr 9, 2012 9:57:21 PM Ignore DandyDapple Report Abuse OMG 2012
mdskier Champion Author Maryland Posts:9,935 Points:1,782,610 Joined:Aug 2005	Message Posted: Apr 9, 2012 9:52:58 PM Ignore mdskier Report Abuse Maybe people will now come to their senses and dump/sell their oversized gas guzzling SUV's for small economical to drive cars. OTOH, they never learn.
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Apr 9, 2012 9:51:43 PM Ignore Tucker1961 Report Abuse good for auto workers
USCCRN Sophomore Author Long Island Posts:145 Points:104,240 Joined:Mar 2012	Message Posted: Apr 9, 2012 9:50:27 PM Ignore USCCRN Report Abuse Only people with lots of money can afford to buy a new car because, new car dealerships are selling them dirt cheap to make up for their losses during the past fews years in this turbulent and horrible economy.
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Apr 9, 2012 9:50:21 PM Ignore jessek Report Abuse Good for them.
Holly123 Champion Author Charlotte Posts:3,197 Points:789,985 Joined:Dec 2010	Message Posted: Apr 9, 2012 9:49:32 PM Ignore Holly123 Report Abuse I guess there are some who are buying new cars for that reason. Not me. The gas is cheaper than a new car payment.
aggietim Champion Author Fort Worth Posts:1,756 Points:693,325 Joined:Oct 2008	Message Posted: Apr 9, 2012 9:49:14 PM Ignore aggietim Report Abuse who can afford a new car
regout Champion Author Quebec Posts:2,950 Points:831,730 Joined:May 2010	Message Posted: Apr 9, 2012 9:49:10 PM Ignore regout Report Abuse Yes.........
jason98122 Champion Author Seattle Posts:1,050 Points:1,248,945 Joined:Apr 2008	Message Posted: Apr 9, 2012 9:47:12 PM Ignore jason98122 Report Abuse I am glad there are more choices than there was in 2008 when gas prices spiked. Hope there are more choices moving forward in the future.
carman11 Champion Author North Carolina Posts:3,337 Points:691,725 Joined:Jun 2011	Message Posted: Apr 9, 2012 9:45:14 PM Ignore carman11 Report Abuse OK
flghtmedic All-Star Author Pensacola Posts:517 Points:384,705 Joined:Apr 2006	Message Posted: Apr 9, 2012 9:45:12 PM Ignore flghtmedic Report Abuse Ok
rayla36 Sophomore Author Columbus Posts:118 Points:39,410 Joined:Mar 2012	Message Posted: Apr 9, 2012 9:41:45 PM Ignore rayla36 Report Abuse I actually like my car dealer and he says he's seeing an increase in sales.
LaVonneK Champion Author Iowa Posts:2,945 Points:626,750 Joined:Jul 2011	Message Posted: Apr 9, 2012 9:41:35 PM Ignore LaVonneK Report Abuse Good for them.