Cars Shrink as Gas Prices Rise
POSTED: Thursday, May 5, 2011 - 3:27pm
UPDATED: Wednesday, November 9, 2011 - 1:21pm
EL PASO – As gas prices continue to rise, cars seem to shrink. At least, that's the case around the Borderland. One car dealership in El Paso says their smallest cars are selling like hot cakes.
Jeff Gabbert, the Vice President of Sales for the Casa dealership, told us that many folks in the area are giving up their gas-guzzling SUVs or pickup trucks, instead opting for small cars.
“There's people that need to have that because they have larger families, or they need the vehicle for work. So, what they're doing if they're not trading it in, they're buying an additional car for the fuel economy that these smaller cars provide,” said Gabbert.
Gabbert also said that surging fuel prices have been good for business.
“Sentra, Versa, all our small cars are just selling...The 2012 Ford Focus, with 28-miles-per-gallon in the city and 38 on the highway, that's our top seller.”
He also said that some people have been leaning towards the greener alternative to a smaller car.
“Our hybrids don't last long on our lot.”
Gas prices usually increase in the summer, and in the event that they reach the $5.00 a gallon mark, Gabbert said his car dealership is preparing for that.
“We do a really good job of ordering cars in bulk for this demand in the summer.”
While we're currently seeing high fuel prices, Texas AAA reports that crude oil dropped this week, from $115 per barrel to $100. That means we could begin to see prices at the pump decrease, in the coming weeks.