just in case anyone is planning on buying a smaller, economical car in the near future:
Rising gas prices are increasingly pushing consumers into smaller cars, and with demand for small cars near all-time highs, they may now be growing more expensive.
The AP reports, "Small cars are now the largest segment of the U.S. auto market, accounting for 18 percent of new car sales. Last year U.S. consumers bought a record 2.8 million of them, and with sales up 4 percent in the first quarter this year, the record almost surely will be shattered." The auto industry has been slow to react, and is only now ramping up production of the hottest-selling small cars. Aaron Bragman, an auto analyst for the Waltham, Mass.-based consulting firm Global Insight, said the spike in small car demand "happened too rapidly for the American automakers to take sufficient action."
the rest of the story @ u.s. news & world report...
Rising gas prices are increasingly pushing consumers into smaller cars, and with demand for small cars near all-time highs, they may now be growing more expensive.
The AP reports, "Small cars are now the largest segment of the U.S. auto market, accounting for 18 percent of new car sales. Last year U.S. consumers bought a record 2.8 million of them, and with sales up 4 percent in the first quarter this year, the record almost surely will be shattered." The auto industry has been slow to react, and is only now ramping up production of the hottest-selling small cars. Aaron Bragman, an auto analyst for the Waltham, Mass.-based consulting firm Global Insight, said the spike in small car demand "happened too rapidly for the American automakers to take sufficient action."
the rest of the story @ u.s. news & world report...

