Sunday 2 October 2011

Survey: Gas prices factor in car purchases - Jacksonville Business Journal:

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Eighty-seven percent of new car shoppers last month said they thin gas prices will gomuch higher, up from 66 percent in The prospect of higher gas prices also is havingt an impact on purchasingf decisions. When asked what they would be most likelyt to compromise in theirnext new-vehicle purchase, shoppers cited engine size as the top item likely to be followed closely by vehicle size. In addition, 73 percent of thos who saw gas prices increasing in May said they plan to chang e their spending habits if gas pricesz were to gomuch "While we may not see the $5-per-gallob gas experienced in some areas last year, currenf economic conditions compounded by the pain at the pump may make $3-per-gallon gas a new threshols for car buyers – the point at whicn they change their mind about what vehicle to buy and how they spenr their money," said Jack R.
Nerad, executivew editorial director and executive markett analyst for Kelley Blue Bookand KBB.com, in a news

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