Large Cars Are Back, Trucks and SUVs Too!

Before gas price spiked last Spring, sales of larger cars, pickup trucks and sport/utility vehicles remained strong, despite gas prices hovering in the $3 per gallon range. But, behind prices began to c...

back gas price spiked last Spring, sales of larger cars, pickup trucks and sport/utility vehicles remained strong, despite gas prices hovering in the $3 per gallon range. But, once prices began to climb just previously summer, eventually topping out above $4 per gallon, sales of larger vehicles plummeted.

At that time, analysts announced the death of several segments of cars, trucks and SUVs, axiom that tall gas prices were unshakable and that consumer demand had shifted to vehicles achieving 30 mpg or better. tiny did anyone know that gas prices would collapse as summer ended, bringing in the same way as it the lowest prices seen in five years.

This shift downward in gas prices has resulted in a shift upward in request for the largest cars as incentives on these vehicles remain high, giving consumers some of the best deals in recent memory.

"Consumers have reached other levels of concern approximately the current give access of the economy, a fact reflected in the sales numbers we have seen back October," said AutoTrader.com President and CEO Chip Perry. "At the similar time, we are seeing new-car shoppers making all dollar append by spending increased grow old on-line looking at a larger selection of vehicles to find the right car or truck at the right price."

That selection continues to supplement some of the largest vehicles on the make public including all additional pickup trucks from Dodge and Ford.

"Shoppers bearing in mind a vehicle buy in 2009 habit to know that savings account is available," said Perry. "And for many people who put off a vehicle buy because of economic uncertainty or because of tight credit, there is pent occurring demand. This is illustrated by the fact that our unique visitor traffic was occurring more or less 20% in December of this year compared to December of last year. hence people are very on-line looking at vehicles, with their options, building their consideration sets and figuring out what they can afford. I get say you will when a other year, easier permission to financing and this pent occurring demand, we should start seeing some determined pursuit in auto sales in 2009."

This taking into consideration December, incentives upon additional cars were in the midst of the best ever offered, unusually fine even during a grow old bearing in mind year stop sales are typically the best period to purchase a other car. Vehicle sales for December 2008 were still off by 36%, suggesting that strong incentives will remain in area for at least the first quarter of the year.

Source: AutoTrader.com

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