Skip to content

by on February 13, 2013

Originally posted on CBS Minnesota:


When gas prices go up, what happens to auto sales? You might have a few hunches — and a couple may be correct — but according to Experian Automotive, you’d likely find some surprises, too.

Experian looked at gas prices over the last five years, paying attention to the way that fuel-price fluctuations affected auto sales. It probably won’t come as much of a shock that as fuel prices increased, sales of full-size pickups decreased. On average, a $1 rise in fuel prices caused trucks to lose about 0.5% in market share.

Nor should it be surprising that small cars gained traction in such scenarios. The same $1 jump at the pump caused sales of small cars to increase by roughly 0.7%. As Experian explains, if we assume 1,000,000 new-car sales per month (which is slightly lower than the present rate, but work with us), that would mean an additional…

View original 478 more words

About these ads

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: