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I do not get it. Are people really that shortsighted? Are analysts who only thinks, that people are shortsighted? I get, that if oil/gas goes down, there is an
by PinguTS 11y ago
I do not get it. Are people really that shortsighted? Are analysts who only thinks, that people are shortsighted?
I get, that if oil/gas goes down, there is an incentive that I drive more with my car.
But I don't make a car buying decision depending on oil/gas prices. When I buy a car, I buy it for use for the next 3 years. But I will not know the oil/gas price in the next 3 years. So my decision depends more on the car price itself and not on the oil/gas price.
- crpatino 11y agoPeople that reason like you are in the exception, even if they come to the same conclusion, they will do so for different reasons. There is a market for SUVs, and they are sensitive to oil prices. Specially because when oil prices go up, other necesities go up as well at the same time. On the other hand, price go down, and they will act on the aspirations they already had of owning a SUV. They see prices going down as an opportunity. There is also a market for small cars. Whether they do it because they are frugal, or because they are green, or because they drive in down town and need a vehicle that will navigate the traffic efficiently and is easy to park in tight spots, they won't buy SUVs no matter how much the oil price goes down, or the SUVs price goes down I'd say. Many will see buying such product as going too strongly against their individual or tribal identities!