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As Gas Prices Rise, Car Sales Also Joins the Party

By Erwin Calverley Subscribe to RSS | April 16th 2012 | Views:
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With gas prices on the rise, you wouldn’t think that every American would bring their hotrods to work or school on a regular basis. Yet, even if they’re using their cars less frequently than a few years ago, car sales continue to rise above the charts. Wait, is that even possible?

Just ask the various car companies who have been posting about an increase in car sales for the past few years. Ford recently stated that their car sales for March jumped by five percent for the fact that many consumers are shifting toward small cars like the Focus. Although it’s a small figure, Ford said it’s the biggest March sales gain since 2007. Ford’s U.S. sales analyst Erich Merkle said the company may have the biggest share in compact cars in the following decade.

Since the introduction of Ford’s EcoBoost engine, the company has seen a spike in demand for their cars that come with it. It’s not just the Focus but also the big haulers like the F-150 have this engine that accounts for 20 percent better fuel economy and 15 percent less gas emissions. This is a clear indication of the shifting trend toward fuel economy.

First time car buyers aside, many Americans have also begun trading in their gas guzzlers for fuel savers. Since 2011, analysts saw a spike in the number of trade-in transactions particularly in November and December. In fact, President Obama endorsed trading in as a way to mitigate the effects of gas prices.

With gas prices not about to let up on their hike soon, it may seem that a trade-in or a good buy is ideal. After all, the price of oil per barrel is only partly dictated by a country, as the world market is the prime basis. It’s a good thing car dealerships Indianapolis has to offer have compact cars, like the Focus, up for grabs. In a world of rising gas prices, every drop of fuel will count.

You may still be seeing a lot of cars on the road, given the revitalized confidence in the industry. Perhaps this time, you may see more of fuel savers than gas guzzlers along I-70. At least it’s a good thing: a Ford dealer in Indianapolis with great car sales can contribute greatly to the U.S. economy.

For more information on gas prices and car sales, check AutoNews.com, as well as various news websites like Reuters. Check with car dealerships Indianapolis IN has to offer if they have fuel savers you can trade your old car for.

Erwin Calverley - About Author:
For more details, search car dealerships Indianapolis IN, Ford dealer in Indianapolis and car dealerships Indianapolis in Google for more related information.

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