Gas is going to head back up to $70 to $75 and stabilise around there. Now it’s just gyrating badly after the over-buying that nearly brought it to $150. It may spin up and down a bit more after this, but it will stick to $70 in the long run. Also, world-wide spending power is down so a car that saves fuel is always a good thing. I add in the caveat — each thing has it’s purpose, nothing but a heavy duty SUV will do for off-roading or farming duty. But for city driving for 1 person, no way does it make any sense.,
Probably, but who knows for sure? Do you want Chris Dodd and Al Gore making that call, or the people in the business?
Also, world-wide spending power is down so a car that saves fuel is always a good thing. I add in the caveat each thing has its purpose, nothing but a heavy duty SUV will do for off-roading or farming duty. But for city driving for 1 person, no way does it make any sense.,
True. But there hasn't been any significant demand for small cars until this year. Moreover, the SUV phenomenon was driven both by consumer demand and government regulations that established different fuel economy standards for cars and "trucks."
The solution to the auto crisis is to let the car companies go into Chapter 11 and reorganize, minus the crazy union contracts. Toyota and other car companies manufacturing cars here in the US are doing fine.