Gas Prices Alter Consumers Choices

[larry]

With gas prices hitting levels that were unimaginable a year ago,
consumers are finally at the point that they are changing both their
driving habits, as well as the vehicles they buy.

"It's clear that gas prices are weighing heavily on car-buyers'
minds," said Edmunds.com’s Jesse Toprak

“There are a whole lot of Soccer-moms that brought home 7 passenger
vans and SUVs a year ago that are kicking them selves now”.

Rick Wagoner, CEO of GM, said "We at GM don't think this is a spike or
a temporary shift, a market shift to smaller vehicles in the U.S.
market is likely permanent”.
Wagoner said GM is "undertaking a strategic review of the Hummer
brand, to determine its fit with GM's evolving product portfolio" in
light of changing market conditions.

"At this point, we are considering all options for the Hummer
brand ... everything from a complete revamp of the product lineup to
partial or complete sale of the brand," he said.

Clearly Hummer product line is not the only concern for GM, it is just
a part of their moves in response to slumping sales of pickups and
SUVs brought on by high oil prices. All car companies are seeing a
decline in sales of their larger vehicles, the problem for GM,
Chrysler and Ford is that it was the sales of those very trucks that
was the only real proffit stream for the “Big-Three.”

Top 10 Best Sellers
1. Toyota Camry: 31,601
2. Honda Accord: 23,957
3. Nissan Altima: 21,635
4. Honda Civic: 20,993
5. Toyota Corolla: 20,736
6. Chevrolet Impala: 17,544
7. Chevrolet Cobalt: 17,310
8. Chevrolet Malibu: 14,105
9. Pontiac G6: 13,942
10. Ford Focus: 11,600

This switch away from SUVs can also have an impact on the cost of your
car insurance. SUVs, not only cost more at the pump, but often insure
at 25% to 40% higher prices.

"In these days where money is 'Flying out of people's wallets' you
have to save dollars any where you can, that includes on your car
insurance.
Urban Insurance Agency has been helping people save on their car
insurance for more than 45 years.

Call 1-800-680-0707 to get a Free Quote.