Are you interested in a gas guzzler or a tiny toy?
Posted on Friday, February 24, 2012 at 4:35:05 PM
Consumers with auto financing in hand and seeking a used vehicle are once again contemplating their choices. Do they go for the large pickup truck, the SUV large enough to stuff the entire brownie troop in it or the compact car, reminiscent of a Matchbox car?
While the choices are more complex, and both small SUVs and sedans offer alternatives, surprising news hit the auto market this month.
Market shares for small pickups and full-size pickups are expected to be equal to or close behind figures from two years ago, reports Auto Remarketing. The market shares for small pickups reached 10.84 percent and 13.06 for full-size pickups out of the predicted 650,000 used vehicles sold in February 2012. In contrast, the small car market dropped.
However, experts predict this will be a fleeting trend.
"Even under threat of higher fuel bills, consumers are still gravitating toward larger vehicles. Small cars, for example, took about 16 percent of the used market in January, down two full points from year ago and seven points lower than in September of last year," CNW president Art Spinella told the source. "Expect that to change as gas prices move upward."