Gas Is Cheap: What Will Happen To Economy Cars?

[CTScott]

People have very short term memories and most Americans prefer big cars, so I predict that economy car sales drop until gas prices skyrocket again.

[Ranger SVO]

Originally Posted by CTScott

People have very short term memories and most Americans prefer big cars, so I predict that economy car sales drop until gas prices skyrocket again.

Originally Posted by matti

I'm always amazed about how shortsighted Americans can be. (Perhaps this is true in other parts of the world?) If you look at car sales, you can see very quick changes in consumer-buying behaviors once gas prices drop or go up for a short period of time.

I think you are right. People are very short sighted and typically not smart enough to realize that the prices will go up again.