Data show last year’s gas spike had a marginal effect on buyer habits
What looked like a permanent divorce, triggered by $4-a-gallon gas, has proved to be just a temporary lovers’ quarrel between Americans and their light trucks.
According to new industry data, last year’s fuel price spike had only a marginal impact on the U.S. car market. After an initial, knee-jerk response toward smaller cars, most motorists went back to buying what they would have if prices hadn’t risen at all — including pickups, SUVs and other light trucks.
John Paul Strong
John Paul Strong combines his two decades of automotive marketing experience with a team of more than 140 professionals as owner and CEO of Strong Automotive.