High Gas Prices Will Benefit Auto Industry from the WSJ.
The CEO of Auto Nation makes the point that a lot of new, exciting technology is coming because of higher fuel prices. The danger is if the price of gas crashes again, like it did in the 80's, inefficient vehicles could make a comeback. I remember in the 70's how small cars in the first energy crises were in huge demand. Then the price of oil went down and so did the demand for small cars.
It's amazing to look at over the years how much size and weight have been gained by the Toyota Camry and Honda Accord. Originally they were nice, small cars. And they grew, and grew with every new model change... It would be interesting to see a chart of the growth in weight of select Japanese model for the US market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment