The gasoline-price-induced collapse of the sport-utility-vehicle market presents a quandary for consumers. With gas at $4 a gallon, SUVs no longer make affordable commuter vehicles. But at the same time, they've never been cheaper.
For those who need the room and don't plan on doing heavy driving, the article makes a good point that high gas prices shouldn't be considered a major issue. An example:
Even with $4 gas, a Chevrolet Tahoe SUV driven 8,000 miles a year costs only about $2,000 to fill up, according to government figures, while a Honda Civic compact driven 16,000 miles costs about $2,200.
Submitted: Jun 6, 2008
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Comments: 2
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View Article: http://online.wsj.com/article/SB121261241468746255.html?mod=googlen...
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Comments Received:
It's amazing to me how unprepared Detroit was, once again to deal with rising gas prices. These guys must live with their heads in the sand. It happened in the 70s and they got creamed by the Japanese and now it is happening again. Is there a bigger example of corporate incompetence than the Big Three?
Now they are forced to give away their SUVs.
Posted: Jun 6, 2008
I'm noticing many more people driving Toyota Prius hybrids these days.
Just hope GM can get the plug-in-hybrid Chevy Volt into production without delays.
Posted: Jun 6, 2008