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.
Anonymous wrote:Cars like GMC Yukon Denali has had crazy high prices last few years.
Will the owners still love them at $4 a gallon?
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.
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.
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.
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.