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Originally Posted by Butterfly  Quote: |
Originally Posted by Spin Thats open to debate but one undeniable fact is that American are buying cars based on the price of oil right now and that means smaller and more efficient than they have been used to. | Americans are buying smaller cars after the fact, if oil was cheap again, they would buy the same big cars again, just because they like them |
I just listened to Bob Brinker's
Money Talk today. A 3 hour show. He went over the numbers for the big 3 autor makers and their leasing of SUVs is hitting thme very hard. Apparently many people leased SUVs over the last couple of years, and as they are turning them back in the dealerships are getting a larger inventory of SUVs that are lower in value, but unsellable. More SUVs to sit, and sit....and sit.
Many Americans that drive a lot of miles (to work) won't take the chance on larger SUVs again, IMO. You get stuck with the gas price, and a SUV/Truck you cannot get rid of.