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Industry News

Cheaper Gas = More Trucks and SUVs

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I read this morning (on Autoblog) that while overall new car and truck sales have taken an absolute bruising in recent months, the share of those sales going to new SUVs and trucks has actually increased.  The article notes that this gain coincides with a slide in gas prices over the same time period: "Truck sales fell below 10% of overall vehicle sales back in May and June, but the price of gas falling from an average of $4.11 per gallon to $2.78 has helped the share of trucks rise to 14.1% of the overall market for September."  This would also mean that trucks and SUVs should be making big gains right now, with oil prices plummeting.

The huge incentives that auto makers have lobbed at these slow-sellers also probably plays a part.  In fact, a friend of RepairPal recently brought in an ad from a Vegas newspaper that showed a still-hard-to-believe offer: buy a Dodge Ram, and they'll throw in a Dodge Caliber for a penny.

Our take at RepairPal remains the same as it has all along.  Saving money on your car or truck and saving the environment are two results of the same strategy: maintain your vehicle for longevity.  Good maintenance keeps it operatings efficiently and cleanly, and the longer you keep it out of the crusher, the more you save.  The interest alone on a new car loan will pay for gas and maintenance for some time.

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