With local gas prices already over $4.00/gallon and analyst predictions that we will not see a slow down until around $4.50/gallon, do you think that this will mean the end of the SUV? Or, at least, the end of the SUV for those that don't really need them?
From the domestic manufacturers we have already seen GM & Ford announce drastic changes to their plans for truck production in the US. So-called "econo" cars are making a resurgence in the market to the point of people making a profit on older cars that have long since been discontinued. For the first time in years the Ford F-150 is not the best selling vehicle. GM is actually considering selling off the Hummer brand, possibly to Indian or Russian buyers. Hydrogen based cars are being tested by both Honda & Mazda.
So is it all just short-sighted panic or is this the start of the change in how the US drives?
From the domestic manufacturers we have already seen GM & Ford announce drastic changes to their plans for truck production in the US. So-called "econo" cars are making a resurgence in the market to the point of people making a profit on older cars that have long since been discontinued. For the first time in years the Ford F-150 is not the best selling vehicle. GM is actually considering selling off the Hummer brand, possibly to Indian or Russian buyers. Hydrogen based cars are being tested by both Honda & Mazda.
So is it all just short-sighted panic or is this the start of the change in how the US drives?