Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:56 PM

GasBuddy News Article

57
votes
Americans buy fuel efficient cars when prices rise, then go backwards when prices fall: study

GasBuddy Blog -- According to a new University of Michigan study released last week, Americans buy more fuel efficient vehicles when prices are headed upward, only to return to less fuel efficient vehicles when gas prices head back down.

The University of Michigan (U-Mich) study gathered data from 99.8% of vehicles sold since October 2007 and found that gasoline prices had a major bearing on average fuel efficiency of vehicles sold. This further solidifies claims that while higher gasoline prices hurt our pocketbooks, they do push us to become more fuel efficient, and that lower gasoline prices do help our bottom line, it does not promote society to become less dependent on gasoline.

This study, combined with GasBuddy gasoline price data...


Read the Full Article

Submitted Jun 08, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Americans buy fuel efficient cars when prices rise, then go backwards when prices fall: study Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
GasPriceHelp4u
Champion Author Dayton

Posts:4,863
Points:1,025,675
Joined:Jul 2008
Message Posted: Jul 23, 2012 6:06:07 AM

Its natural consumer mentality and reaction to gas price fluctuations!!!
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,401
Points:1,118,995
Joined:Mar 2011
Message Posted: Jul 22, 2012 3:39:48 PM

sounds right
Profile Pic
Vette1967
Champion Author Albany

Posts:8,129
Points:1,732,745
Joined:Jun 2009
Message Posted: Jul 22, 2012 12:08:44 AM

Consumers gotta keep on course regardless where fuel prices go.
Profile Pic
txrojo2005
Champion Author Austin

Posts:1,251
Points:845,445
Joined:May 2011
Message Posted: Jul 19, 2012 4:05:25 PM

The same is true for mass tansit systems.
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Jul 19, 2012 3:37:00 PM

So let's just keep prices low.
Profile Pic
lonniei256
All-Star Author Georgia

Posts:748
Points:342,980
Joined:Aug 2011
Message Posted: Jul 18, 2012 9:09:46 AM

Ok?
Profile Pic
ZeroBoxes
Champion Author Mississippi

Posts:1,079
Points:213,440
Joined:Apr 2012
Message Posted: Jul 18, 2012 9:08:30 AM

Impulse-shopping....
Profile Pic
trugasCA
Champion Author California

Posts:7,336
Points:349,760
Joined:Mar 2011
Message Posted: Jul 18, 2012 8:54:10 AM

It's a matter of being able to afford
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 18, 2012 7:11:26 AM

not nice
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jul 17, 2012 7:41:38 AM

not smart
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 14, 2012 8:23:11 AM

true
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jul 12, 2012 7:37:42 AM

creatures of habbit
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Jul 12, 2012 7:12:14 AM

true
Profile Pic
jlf599
Veteran Author Kentucky

Posts:339
Points:126,925
Joined:May 2012
Message Posted: Jul 11, 2012 11:27:43 AM

Trucks and SUVs still rule the roost from what I see...soccer moms in Expeditions are everywhere!
Profile Pic
Charles_NJ
Rookie Author New Jersey

Posts:9
Points:197,400
Joined:Oct 2011
Message Posted: Jul 9, 2012 12:25:37 PM

Sadly, logic only lasts a few minutes with some...

Then it's the next TV commercial that swoons that same group.

Some need to learn the hard way then, they complain! :-D

I say...

Remove the safety stickers on "everything" and let the strong, intelligent, logical ones survive and reproduce. It works great in the animal kingdom! :-D
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,401
Points:1,118,995
Joined:Mar 2011
Message Posted: Jun 24, 2012 12:11:21 PM

dumb, stupid and ridiculous
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jun 19, 2012 7:35:58 AM

not nice
Profile Pic
VomVom
Champion Author Calgary

Posts:3,944
Points:1,963,150
Joined:May 2007
Message Posted: Jun 18, 2012 3:20:49 PM

The study gathered 99.8% data on vehicles sold; not from surveys.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jun 18, 2012 7:55:33 AM

true true
Profile Pic
gasokie
Champion Author Oklahoma

Posts:4,455
Points:1,690,715
Joined:May 2007
Message Posted: Jun 16, 2012 10:53:46 AM

What is amazing is how quickly they do so.
Profile Pic
physed
Champion Author Lancaster

Posts:8,318
Points:809,735
Joined:Mar 2012
Message Posted: Jun 16, 2012 4:21:58 AM

Oh how true.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Jun 15, 2012 12:30:52 PM

I thought so.
Profile Pic
trugasCA
Champion Author California

Posts:7,336
Points:349,760
Joined:Mar 2011
Message Posted: Jun 15, 2012 8:58:28 AM

so that's the way of the world
Profile Pic
steben11
Veteran Author Montreal

Posts:382
Points:508,765
Joined:May 2011
Message Posted: Jun 15, 2012 8:42:05 AM

interesting
Profile Pic
steben11
Veteran Author Montreal

Posts:382
Points:508,765
Joined:May 2011
Message Posted: Jun 15, 2012 8:35:34 AM

makes sense
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jun 15, 2012 7:31:17 AM

about right
Profile Pic
Bridge2012
Champion Author Kansas

Posts:1,284
Points:379,155
Joined:Jan 2012
Message Posted: Jun 15, 2012 6:16:02 AM

Creature of Habit
Profile Pic
MustangGTConv
Sophomore Author Virginia

Posts:211
Points:70,875
Joined:Apr 2008
Message Posted: Jun 15, 2012 5:18:55 AM

People are idiots. They only think in the short-term.
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,425
Points:856,115
Joined:Feb 2008
Message Posted: Jun 12, 2012 9:09:17 AM

Ironically, it's when gas prices are high that you can get a good deal on a gas guzzler, so people are getting ripped off on both ends
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jun 12, 2012 7:21:34 AM

sounds about right
Profile Pic
papou
Champion Author Tampa

Posts:12,933
Points:2,343,170
Joined:Jul 2005
Message Posted: Jun 12, 2012 6:13:12 AM

Those those I can afford these cars will purchase them those who cannot Welmont
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,223
Points:2,066,740
Joined:Nov 2008
Message Posted: Jun 12, 2012 4:55:02 AM

not in the market for a new car. I usually drive mine until they hit Junior High age ... then they are all paid for, depreciation starts the upward curve again and a new one is not going to be so expensive lol.
Profile Pic
playtimeCLE
Champion Author Cleveland

Posts:10,704
Points:1,995,390
Joined:Nov 2008
Message Posted: Jun 11, 2012 4:27:42 PM

I'm sure people are just waiting for the end of all this, but its not going to end.
Profile Pic
nru
Champion Author Twin Cities

Posts:5,066
Points:1,438,100
Joined:Feb 2006
Message Posted: Jun 11, 2012 2:45:39 PM

they needed a study for that?
Profile Pic
ozzie1211
Rookie Author Los Angeles

Posts:16
Points:17,600
Joined:Oct 2011
Message Posted: Jun 11, 2012 2:14:05 PM

I don't know about that!
Profile Pic
lazydoggs3
Veteran Author Fresno

Posts:272
Points:37,740
Joined:Aug 2008
Message Posted: Jun 11, 2012 11:49:57 AM

Love my 1970 Mustang when Gas prices are down but when there up Stang stays parked & other Vehicles get used with 19+MPG the Stang gets average about 14 MPG
Profile Pic
Math6149
Champion Author Jacksonville

Posts:1,029
Points:2,185,260
Joined:Jan 2007
Message Posted: Jun 11, 2012 8:44:01 AM

This is what we do.
Profile Pic
BeautifulCami
Rookie Author Connecticut

Posts:10
Points:3,060
Joined:Jun 2012
Message Posted: Jun 11, 2012 7:09:29 AM

yup
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,223
Points:2,066,740
Joined:Nov 2008
Message Posted: Jun 11, 2012 5:03:09 AM

well, I don't know whom they polled... I buy fuel efficient cars every time. Unless it's a towing vehicle, then safety feature are the #1 consideration (but then, those are diesel trucks, so compared to gas burners, they are already by design more fuel efficient than a comparative gas burner).
Profile Pic
sluggopyle
Champion Author North Carolina

Posts:23,609
Points:1,076,110
Joined:Dec 2005
Message Posted: Jun 10, 2012 4:05:15 PM


=> What people answer on a survey and what they actually do is totally different I don't believe the percentage quoted. <=

That may be, for surveys. This isn't a "survey". It's a study, based on actual sales figures. It says right in the OP:

>> The University of Michigan (U-Mich) study gathered data from 99.8% of vehicles sold since October 2007 <<

- ain't no way around that.
Profile Pic
ScottE
Champion Author Orange County

Posts:4,544
Points:2,517,375
Joined:May 2002
Message Posted: Jun 10, 2012 2:19:00 PM

DOH!!!!
Profile Pic
Cat598
Rookie Author Salem

Posts:3
Points:285
Joined:Jun 2012
Message Posted: Jun 10, 2012 1:46:31 PM

ok
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,401
Points:1,118,995
Joined:Mar 2011
Message Posted: Jun 10, 2012 1:45:35 PM

What people answer on a survey and what they actually do is totally different I don't believe the percentage quoted. I have purchased 3 cars since 2007 and none have been because of fuel economy.
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,066
Points:2,309,245
Joined:Mar 2003
Message Posted: Jun 10, 2012 11:04:30 AM

ok.
Profile Pic
OriginalBudman
Champion Author Barrie

Posts:12,442
Points:2,654,950
Joined:Apr 2006
Message Posted: Jun 10, 2012 9:33:36 AM

Most people have short memories, especially when it comes to politics. Auto purchases is another one.
Profile Pic
sluggopyle
Champion Author North Carolina

Posts:23,609
Points:1,076,110
Joined:Dec 2005
Message Posted: Jun 10, 2012 9:22:47 AM


Yet another manifestation of Mencken's Law:

"Nobody ever went broke underestimating the intelligence of the American public"

Profile Pic
Kawibiker
Champion Author Illinois

Posts:1,894
Points:355,985
Joined:May 2012
Message Posted: Jun 10, 2012 8:43:25 AM

how true
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,379
Points:1,913,195
Joined:Sep 2008
Message Posted: Jun 10, 2012 8:26:10 AM

makes sense
Profile Pic
Blismo
Champion Author Arizona

Posts:2,569
Points:498,810
Joined:Feb 2012
Message Posted: Jun 10, 2012 7:55:35 AM

DUH
Profile Pic
mnbeancounter
Champion Author Minnesota

Posts:6,915
Points:1,490,565
Joined:Oct 2009
Message Posted: Jun 10, 2012 7:25:51 AM

Old news
Post a reply Back to Topics