Cheap gas means Ford is selling more trucks...
#1
Cheap gas means Ford is selling more trucks...
Car sales took a dive in January, but F-Series sales were up 12%. It never made sense to me that people would make such a huge purchase based on a temporary dip, but I guess some folks don't really think things through. Ha ha.
#3
Wouldn't call it a temporary dip, it's been down for two years now, but it'll be shooting straight up in the next few months, as oil companies shut down production further to artificially inflate prices as they did in the middle East. Hopefully it won't go north of$3 again, that was just stood expensive, though it probably will, at least diesel will be for sure.
#6
Of course gas prices influence consumer choices. If my $150/month gas budget doubles, I have less to spend on other things. Right now my F150 costs only slightly more to run at $2.13/gallon than my Prius did at $4.19/gallon. Everyone should keep market volatility in mind when they're planning a purchase, but to think gas prices don't, or shouldn't, play a role is silly.
Right now small cars aren't profitable for manufacturers to sell. Everyone is buying SUVs and trucks, which forces them to deeply discount smaller cars, which is causing manufacturers to realign things. Some are placing large bets that cheaper fuel is here to stay:
Ford to Add Four New SUVs by 2020 - Is One of Them the Bronco?
If prices rise rapidly, this will prove disastrous. Consumers aren't the only ones making decisions on the price of fuel.
Right now small cars aren't profitable for manufacturers to sell. Everyone is buying SUVs and trucks, which forces them to deeply discount smaller cars, which is causing manufacturers to realign things. Some are placing large bets that cheaper fuel is here to stay:
Ford to Add Four New SUVs by 2020 - Is One of Them the Bronco?
If prices rise rapidly, this will prove disastrous. Consumers aren't the only ones making decisions on the price of fuel.
#7
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#8
I always thought it was a little ridiculous to base what kind of vehicle to buy on current gas prices. Everyone knows they have to potential to fluctuate rapidly in a year, and if you buy a vehicle on one extreme end of the fuel efficiency spectrum, you'll regret it when gas prices change.
Because trucks are now getting car-like fuel efficiency, paying at the pump isn't as big a factor as it was 10 years ago. Hopefully fuel economy technology can keep up with inflation...
Because trucks are now getting car-like fuel efficiency, paying at the pump isn't as big a factor as it was 10 years ago. Hopefully fuel economy technology can keep up with inflation...
#9
Beat me to it. It does help these trucks get better economy than 10+ years ago. Can't wait to see where they'll be in 10 more years. If the Ranger has decent capabilities, it'll be hard to choose between that and an F150 for some and the fuel economy at least better.
#10
We're getting a 2017/2018 Focus this fall to add to the fleet. My wife loves her Expy and it's been rock solid except for two fuel pumps which seem to be all fixed now. At only 112K on a 2004 model truck, it doesn't make sense to trade or sell because it's virtually worthless to everyone but me. Anyway, the little Focus will serve as a nice runabout and take some miles off my truck which has taken many miles off the Expy.
#11
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#15
Anyway, I never, in the past anyway, purchase a vehicle, especially a truck, based on oil prices. Historically Oil "booms" usually ebb and flow on a 10 year cycle, not so much anymore, politics influence prices as much as every other dynamic these days, Who can predict that?
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