Monday, October 27, 2014

Quote Of The Day: Gas Price Amnesia

2010-2011_Toyota_Prius_--_12-21-2011

"I think it's fairly interesting from a cultural memory standpoint, that American car buyers, for the most part, don't seem to have memory of gas prices two, three or six months ago,"

–  TrueCar President John Krafcik speaking to NPR about slumping hybrid sales.

According to NPR, hybrid sales are off by about 5 percent this year, despite a new car market that's on track for a record year. Sales of trucks and SUVs, on the other hand, are up by double digits.

For many consumers, the extra cost of a hybrid just isn't worth it. Not when the internal combustion engine has gotten so efficient, and the fuel efficiency of the overall new vehicle fleet is bound to be a big improvement, especially given that the average vehicle on the road is 11 years old.

The post Quote Of The Day: Gas Price Amnesia appeared first on The Truth About Cars.



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