Quote:
Originally Posted by MRM
No, because the economy is affecting people differently. A lot of people are in real pain right now and will be worse off for a long time until it starts to get better. People in this group won't be buying much, but they probably were already in a group where they would have been buying more economical vehicles anyway. But there is another group, a large group of people, who are relatively unaffected by inflation or are actually benefiting from it, and will continue to buy SUVs because the increased gas expense doesn't bother them.
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I agree with your analysis, but I would also say that the larger vehicles were for the affluent anyways. It has been a while since you could buy a 'basic' work truck. All the large vehicles are leather and every option. Heck, just adding diesel puts you over $50K easy.
There are plenty of FITs, Versas, and smaller cars on the road.