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Will rising gas prices decrease the value of our cars?
Just a question I thought I would throw out there.
I would think that the seemingly endless escalation of gas prices may start to sway people away from guzzlers like it did in the 70's.
Could it be, we might see a large drop in the purchase of SUV's and V8's if gas prices keep going up?
I remember when it used to cost me $40 to fill my 01 4.4. Now I pay $72 for a full tank.
-- I don't think we have seen this effect yet nor do I hear people talking about it. But if things don't change, I assume our big old guzzlers may take some big $$$ hits.
-- Will the trend change? Will people oust the SUV the way they did the sports car in the mid to late 90's??
-- Lets remember when Mazda made the RX-7, Nissan the 300zx, Toyota the Supra, etc. etc. those cars went away for a few years. Yes they did come back, but a trend did change.
What do you think? Are people going to start dropping the suv's for hybrid's? Or at least better gas mileage cars?
B
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"When two people agree on everything, one of them is not necessary" - Arliss
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