3 ms·

I'm pretty sure those 15 mpg mega trucks and SUVs will be cheap soon.

• neogodless 5y ago
  Most people buying large trucks and SUVs are not thinking about the monthly cost (or minimizing such) of ownership (beyond a few minutes of "negotiating" while purchasing to get a payment they are comfortable with). If you drive 12,000 miles / year and get 15 mpg, $3/gallon is $2400, and $5/gallon is $4000. What is an additional $1600 / year for a car you're already paying $12,000 / year for (assuming $60k, 60 months)? So while demand might decrease (particularly if EV pickup truck production capacity grows rapidly), I would not expect $60k vehicles to quickly become "cheap."
  • anthony_r 5y ago
    LPG powered SUVs are the future.
  • tonyedgecombe 5y ago
    It's the second hand market that will be most affected by increased fuel prices. Assuming 18% depreciation a year that car will be $22K for the next owner. Then that extra $1,600 per month becomes more significant.