The Lufkin Daily News
   
Classifieds
Automotive
Real Estate
Employment
Merchandise
BUSINESS
Lottery| Market News| Video| Consumer Info| Technology| Stocks |Test Drive

Better mileage wanted, but will we pay more?


Cox News Service
Friday, May 09, 2008

When it comes to gas prices, we may have found the elusive "tipping point."

Cars.com recently completed a survey of motorists that found 85 percent of consumers would respond to a prolonged period of $4 gasoline prices by buying a more fuel-efficient car.

Among those who said that they would buy something that uses less gas, 28 percent said they would do so immediately and 57 percent said they would do it the next time they bought a vehicle.

Most consumers surveyed said they are already trying to cut gas consumption. Keeping tires properly inflated, running multiple errands in one trip and avoiding sudden stops and rapid acceleration were among the tactics drivers said they are using.

"The survey is consistent with what we are seeing when it comes to searches for fuel-efficient vehicles," Patrick Olsen, editor-in-chief of Cars.com, said in a statement. "When gas prices surged past $3 a gallon, searches for fuel-efficient vehicles skyrocketed. With no end in sight to soaring gas prices, I would expect that we are going to see more people seeking out cars that get better than 30 miles to the gallon."

Almost three-fourths of survey respondents said that 30 mpg or better is their target for fuel efficiency in their current or future vehicle.

But people don't want to replace spending money at the pump with spending money at the dealership.

When asked how much more they would pay for a car that got 40 miles per gallon vs. a car that got 25 miles per gallon, more than 60 percent set their limit at $2,000 and 21 percent said they wouldn't pay any more for it.

"Clearly, when it comes to fuel-efficiency, there is a contradiction between what consumers want and what they are willing to pay for," Olsen said. "That puts a bigger burden on auto makers who claim that they will have to add thousands of dollars to the cost of each vehicle to meet the fuel-economy standards of 35 miles per gallon by 2020."

Rob Douthit writes for The Atlanta Journal-Constitution.

Rocky Mount Telegram Top Cars
2005 Ford F150 Pickup 2WD Reg Cab STX, Mileage: 13710, Price: $14,975...(more)
2006 Hyundai Sonata 4d Sedan GLS, Mileage: 30867, Price: $14,475...(more)
2005 Ford Mustang 2d Coupe, Mileage: 31298, Price: $13,975...(more)
2007 Honda Accord 4d Sedan SE Auto, Mileage: 20776, Price: $19,675...(more)
2007 Chevrolet Tahoe 4WD 4d Wagon LT, Mileage: 18695, Price: $34,975...(more)
2007 Honda Accord 4d Sedan EX-L Auto, Mileage: 32384, Price: $20,675...(more)
2007 Chrysler Sebring 4d Sedan 2.7L, Mileage: 24217, Price: $14,595...(more)
2007 Jeep Liberty 4WD 4d Wagon Latitude, Mileage: 25995, Price: $14,975...(more)
2004 Chevrolet Trailblazer 2WD 4d Wagon LS, Mileage: 56313, Price: $13,975...(more)
2003 Dodge Grand Caravan 4d Wagon Sport, Mileage: 72086, Price: $9,975...(more)
-View All Top Cars-
-Place an Ad-
 

Rocky Mount News | Rocky Mount Weather | Sports | Life | Business News | Opinions | Classifieds | Sitemap
Rocky Mount Cars | Rocky Mount Real Estate | Rocky Mount Jobs

Copyright 2008 Rocky Mount Telegram. All rights reserved. - Rocky Mount Telegram - Our Partners

By using this service, you accept the terms of our visitor agreement and privacy policy.
Registered site users, you may edit your profile.
Having trouble? Visit our help & FAQ.