Many people have speculated that high gas prices are having a significant impact on which cars consumers are buying, and results of a recent survey show just how true that assumption is. Research from Kelley Blue Book's kbb.com found 66 percent of new car shoppers in the first quarter of 2012 thought about buying a different car due to the price of gas.
The findings should not be that surprising. The same survey found that in just a span of a few months, consumer's attitudes toward gas prices worsened significantly. In the fourth quarter of 2011, around 46 percent of respondents expected gas prices to rise in the next 30 days. In the first quarter of 2012, that number rose to 76 percent. Though it seems like a dire situation, the fact that cars are getting better gas mileage than ever before may lessen the blow.
"The reality of today's economy means that many shoppers are factoring in fuel efficiency and gas prices toward the top of things they consider when choosing their next new car," said Jack R. Nerad, executive editorial director and executive market analyst for kbb.com. "Lucky for them, each year auto manufacturers work increasingly hard to improve fuel economy in their new models, with many gasoline-powered vehicles now achieving 40 mpg or higher."
In addition to looking toward a fuel-efficient new vehicle, some consumers may want to help offset the high cost of fuel by purchasing a quality used car at New Jersey State Auto Auction. With a wide variety of makes and models, including cars with high gas mileage, there is the perfect vehicle for everyone.