Will $4 a gallon gas hurt gas guzzler sales?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas.

Have you been to middle America? The people buying these cars are not exactly one percenters.

DP. They may not be one percenters, but they are people who are buying $75k vehicles when they really need a $35k minivan. So you should realize that many of them have more money than you think (and probably more than you) and many at least have enough money to make exorbitant monthly payments. Even in “middle America.”

—east coast one percenter who has a minivan and two hybrids

RE is a lot cheaper in less desirable parts of the country and nobody bats an eye at financing a $75k+ car on $120k HHI as long as it's not a luxury brand.

It's not that deep, Americans are just terrible with money.

[Anonymous]

Not at all like everyone else has said

aka +1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Short term blip, for long-term price stability. Not gonna hurt sales. Not everyone has a desire to go electric or hybrid. ICE vehicles will continue to be the majority of cars sold each year for at least a decade to come.

How do you know it's going to be a short term blip? ANd what long term gain?

Because TACO is already declaring the war won. Which was completely predictable once the market tanked and gas prices soared.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas.

Unfazed. Spell it correctly.

Thank you, my mistake.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Short term blip, for long-term price stability. Not gonna hurt sales. Not everyone has a desire to go electric or hybrid. ICE vehicles will continue to be the majority of cars sold each year for at least a decade to come.

How do you know it's going to be a short term blip? ANd what long term gain?

Because TACO is already declaring the war won. Which was completely predictable once the market tanked and gas prices soared.

You might be in for a rude awakening.

[Anonymous]

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Short term blip, for long-term price stability. Not gonna hurt sales. Not everyone has a desire to go electric or hybrid. ICE vehicles will continue to be the majority of cars sold each year for at least a decade to come.


How do you know it's going to be a short term blip? ANd what long term gain?


Because TACO is already declaring the war won. Which was completely predictable once the market tanked and gas prices soared.


You might be in for a rude awakening.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas.

Unfazed. Spell it correctly.

Thanks for stating this. The post was completely indecipherable until then.

[Anonymous]

on a $1,000 a month car payment an extra $10 bucks a month on gas is no big thing.

[Anonymous]

The cost of EVs and solar has skyrocketed due to tariffs. For non-1% ers the tax subsidies also made switching to an EV more affordable.

Our family has 2 EVs and a gas guzzler SUV. With gas prices being high, we only drive the Ford Expedition when we go on road trips or moving the college kids into and out of dorms. Our EVs aren’t large enough to fit all the stuff or on trips all the people, dogs and luggage. By the time it dies, we hopefully won’t need it anymore.

Yes gas prices make guzzlers unattractive, but the oil lobby has been successful with Trump in making EVs much less affordable and stifling infrastructure build out for charging. It’s a shame because the EVs end up saving you more money beyond gas. Without a combustion engine, the maintenance is minimal. We saves thousands just on this alone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas.

Have you been to middle America? The people buying these cars are not exactly one percenters.

DP. They may not be one percenters, but they are people who are buying $75k vehicles when they really need a $35k minivan. So you should realize that many of them have more money than you think (and probably more than you) and many at least have enough money to make exorbitant monthly payments. Even in “middle America.”

—east coast one percenter who has a minivan and two hybrids

Houses are like $68k in middle America though. Almost no expensive restaurants. They wear uniforms to work. Dang let them have a car.

[Anonymous]

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

How are you doing the math? That's $5,824 per year, not $1,456, at $4 p/g and 4,368 at $3 p/g.

[Anonymous]

Studies show $5 plus will change drive habits and mpg considerations. Large gas guzzlers have big tanks like 22-30 gallons.

Gas prices would have to remain high for a year or longer.

[Anonymous]

Nope. I am buying a Grenadier. And my husband drives the Toyota LC...it is a hybrid that takes premium gas as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales.

^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas.

Have you been to middle America? The people buying these cars are not exactly one percenters.

DP. They may not be one percenters, but they are people who are buying $75k vehicles when they really need a $35k minivan. So you should realize that many of them have more money than you think (and probably more than you) and many at least have enough money to make exorbitant monthly payments. Even in “middle America.”

—east coast one percenter who has a minivan and two hybrids

Houses are like $68k in middle America though. Almost no expensive restaurants. They wear uniforms to work. Dang let them have a car.

Uniform people should just be bussed to work.

[Anonymous]

I live in Southern CA and $4/gallon sounds like a dream to me!
Sadly…..

Our current fuel price stands now at $6/gallon and is predicted to increase to $7/gallon by summer.

In CA, everyone needs a car since our public transportation system is not very accessible.