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Gas Prices

Gas Price Hike to Have Mild Impact on Used Pricing

The NADA Used Car Guide predicted yesterday that gas prices will peak at $4 per gallon in May, but said it expects the impact on used-car prices to be mild by historical standards.

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Gas Prices, Fuel-Efficient, Used-Vehicles Pricing on Same Trajectory

CarGurus, an auto research and shopping site, expects prices on fuel-efficient, used vehicles to increase 15 percent by August as gas prices continue to approach $4.50 a gallon.

AutoTrader Spots Movement Toward Fuel-Efficient Vehicles

A report by AutoTrader.com revealed that shoppers are turning toward smaller and more fuel-efficient vehicles in the wake of rising gas prices, which crept up to a national average of nearly $3.40 per gallon in January.

Gas Prices Once Again a Concern, Reports CNW

Despite a rise in gas prices, data from the first 15 days of February indicates that vehicle sales could rise 7 percent to 1.1 million units this month, according to CNW Research.

AutoTrader.com: Drop in Gas Prices Fueling Popularity of Trucks, SUVs

AutoTrader.com's Trend Engine report for August indicated that the decline in gas prices over the summer has driven consumers back toward large trucks and SUVs, particularly in the new-vehicle arena.

Gas Prices Drive Price Surge for Smaller Used Vehicles, Edmunds.com Reports

Data analyzed by Edmunds.com revealed that consumers paid about 10 percent more for three-year-old, used compact cars in July than in January, with prices for this segment increasing 1.6 percent over the same period in 2010.

NADAguides: Recreation Segments Post Largest Increases in Site Traffic

NADAguides’ 2011 second quarter Traffic Trends Report showed that site traffic for RVs increased 29 percent since the beginning of the year, which analysts attributed to lower than expected gas prices.

AutoTrader.com: Consumers Shift Focus Toward Trucks, SUVs

AutoTrader.com's June Trend Engine report indicated that slightly lowering gas prices are likely contributing to the rising interest in larger vehicles.

J.D. Power: June New-Vehicle Retail Sales Improve Over May

Lowering gas prices and inventory shortages that were less severe than expected played key roles in the month-over-month improvement.

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CNW: Key Data Points Point to a Rough June

Several indicators in the first few weeks of June, including floor traffic, incentives levels and closing ratios, point to a rough road ahead for sales this month, according to CNW Research’s latest Retail Automotive Summary.

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