New Car Buyers Bracing for Higher Gas Increases
The issue on up to how much gas prices would increase is still wandering in the minds of many. But thanks to the efforts of Kelley Blue Book, a survey was conducted among the potential new car buyers, the group expected to increase as the summer comes in.
Based on their feedback, it seems that many are bracing for the worst as far as expected price per gallon of gas is concerned. We have been seeing an erratic market and it seems that this is nothing compared to what may happen in the following months. There are a lot of factors but generally, looking out for the worst is not surprising anymore.
Some are speculating a $5 to the gallon and others at $3. Whatever the case may be, it seems that the bottom-line is that they are ready for it even though many fear it. And if there is one factor that one area that will be affected by it, it has to be the fact that car sales will be severely affected.
Actually we are experiencing this now. Seeing these big car manufacturers close or groping for survival is a sign that the consumers are playing it safe. And while crazy discounts are being given, the fact is that people need to be financially wise nowadays. For that aspect alone, the demand and outlook for new cars is not yet established and may even become worse for the time being.
(Source) Press
Tags: big car, bottom line, car buyers, car manufacturers, car sales, consumers, erratic market, gallon of gas, gas increases, gas prices, kelley blue book, many fear, new car, new cars, price per gallon, survival