Quote:
Originally Posted by Cimarron29414
I'm not certain that is true. When the fuel prices went through the roof a couple of years ago, that was a major contributor to the problems at GM and Ford. Most of their product lines were SUVs and trucks. The market for those product lines collapsed. So, people did react to the price of fuel and it was reflected in their purchasing choices. Since then, we've seen new products rushed to market from Ford and GM which have better mileage and prompted the "cash for clunkers" crap.
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I don't think it's universally true, no. But despite gasoline prices remaining generally high, I still see many SUVs and V6es on the road. I don't think the market "collapsed," even in the U.S., though I'm sure it took a huge hit. They're still cranking them out. I see many new models everywhere on the road here in Canada.
I think that most of those who stopped buying them weren't likely among the affluent.
What I'm getting at is that when certain things become more expensive, core customers tend to take it rather than walk away. I think this will be the case with the tanning crowd.