It appears that falling gas prices have changed people’s buying habits when it comes to used cars as a new report from AutoTrader.com finds that an increasing number of car buyers are looking at gas guzzlers.
According to the figures from AutoTrader.com, trucks and SUVs took 11 of the top 20 spots of the most viewed vehicles on its website with muscle cars taking three additional spots on the list.
The company says that while many people are wary of purchasing a new car in the current economic climate, used cars sales are seeing growth. Of that growth, large vehicles like SUVs are seeing the biggest increase.
Between March 2008 and last month, views of the Ford F-150 rose 12.77 percent while its larger cousin, the F-250 saw a 24.4 percent increase.
Chip Perry, president and CEO of AutoTrader.com, says that while the auto industry is being hammered for not producing fuel-efficient vehicles, it appears consumers are not very concerned with buying those cars at the moment.
“The government says that part of the reason for General Motors and Chrysler‘s current woes is their failures at building the smaller, more fuel-efficient vehicles, but at the same time, we are seeing consumers shopping and buying full-size pick-ups and SUVs – not compacts,” said Perry. “Americans have traditionally gone for larger and more powerful vehicles and without gas prices spiking to $4 a gallon or above like they did last summer, there’s little indication that this trend will change anytime soon.”
Find New York Used Cars with New Jersey State Auto.