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By William Maley Staff Writer - CheersandGears.com April 16, 2013 With gas prices on the rise, you would think sales of subcompact vehicles would also be rising? No. Wards Auto reports that subcompact sales are off since October, even though the price of a gallon of gas is rising and holding steady at $3.50 to $4.00 across the country. So why the drop off in subcompacts? Wards has a couple ideas to explain this. For one, the reason might lie in the boom/bust cycle that comes as a result of new or aging models in each segment. For example, the large crossover class are up a whopping 61% in the same time frame, thanks in part to new models and derivatives. But as Wards points out, most of the subcompact lineup are only two years old or less. The more likely reason for the drop off may have to deal with compact cars getting the same fuel economy as subcompacts. Also the difference in price between compacts and subcompacts isn't really there. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article -
Subcompact Sales Slide Despite High Gas Prices
William Maley posted an article in Automotive Industry
By William Maley Staff Writer - CheersandGears.com April 16, 2013 With gas prices on the rise, you would think sales of subcompact vehicles would also be rising? No. Wards Auto reports that subcompact sales are off since October, even though the price of a gallon of gas is rising and holding steady at $3.50 to $4.00 across the country. So why the drop off in subcompacts? Wards has a couple ideas to explain this. For one, the reason might lie in the boom/bust cycle that comes as a result of new or aging models in each segment. For example, the large crossover class are up a whopping 61% in the same time frame, thanks in part to new models and derivatives. But as Wards points out, most of the subcompact lineup are only two years old or less. The more likely reason for the drop off may have to deal with compact cars getting the same fuel economy as subcompacts. Also the difference in price between compacts and subcompacts isn't really there. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. -
William Maley Staff Writer - CheersandGears.com October 11, 2012 Small cars are on track to to capture the largest share of the U.S. auto market since 1993 according to Bloomberg. Sales of compact and sub-compact vehicles jumped 50% to 240,288 units last month, giving the segment a 19.3% of market share through September. That's only 1.2% off the highest market share that small vehicles ever got back in 1993. “Traditionally small cars were purchased by people who couldn’t afford anything else. Right now, that’s not the case. We see people choosing them because they find them more appealing,” said Jesse Toprak, an industry analyst for TrueCar.com. Why are small cars more appealing? Its due to high gas prices.Average gas prices are about $3.80 across the country, which is about 10% higher around this same time last year. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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William Maley Staff Writer - CheersandGears.com October 11, 2012 Small cars are on track to to capture the largest share of the U.S. auto market since 1993 according to Bloomberg. Sales of compact and sub-compact vehicles jumped 50% to 240,288 units last month, giving the segment a 19.3% of market share through September. That's only 1.2% off the highest market share that small vehicles ever got back in 1993. “Traditionally small cars were purchased by people who couldn’t afford anything else. Right now, that’s not the case. We see people choosing them because they find them more appealing,” said Jesse Toprak, an industry analyst for TrueCar.com. Why are small cars more appealing? Its due to high gas prices.Average gas prices are about $3.80 across the country, which is about 10% higher around this same time last year. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
