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I’m glad to see we learned our lesson…

From CNN:

After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America’s taste for big vehicles.

Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn’t happened since February.

Meanwhile the forecast finds that sales of hybrid vehicles are expected to be way down.

“Despite all the public discussion of fuel efficiency, SUVs and trucks are the industry’s biggest sellers right now as a remarkable number of buyers seem to be compelled by three factors: great deals, low gas prices and winter weather,” commented Michelle Krebs, Senior Editor of Edmunds’ AutoObserver.com.

Well, the one good thing about hybrid sales being down is that those who were on waiting lists will have access to the autos.

Still, this type of news makes me shake my head and wonder how Americans can be so shortsighted. We collectively stopped using as much gas and that forced speculators to drop their supplies on the market and the price plummeted.

Now it looks as if we’ll just start using more again because the price is cheaper and guess what’ll happen.

Ugh.

  • gerryf

    Kind of flies in the face of the trite “Shame on the Big 3 for building cars no one wants” argument doesn’t it?

    truth is, the US auto companies were building exactly what the public wanted all along until a sudden change in the market caused by speculation and deregulation made those cars unattractive.

  • http://itsthe21stcenturystupid.wordpress.com/ Jim S

    I’m probably going to be buying a car in a few months. The only SUV I might even possibly consider would be Ford’s Escape Hybrid. But that probably won’t be fitting in my budget. I think I’ll be buying a standard Ford Fusion as much as I’d really prefer to get the hybrid version of that vehicle. No gas guzzlers being bought in this household. What, they think that gas prices will stay at this level once the recovery comes along in 5 to 10 years? Actually the most frightening forecast I’ve seen is that it will end in two years…in a jobless recovery.

  • Trescml

    I think this is a great example of the short attention span that is more and more prevalent in this country. We don’t think about how gas prices may rise again, the impact of no money down interest only loans, or what the impact of the national debt will be in 20 years. This shows why an increase in the gas tax is needed for the long term energy needs of the country.

  • Chris

    Remember all those people who voted for Bush twice? And the 25% who still think he’s doing a good job. Not too hard to figure out who’s buying SUVs.