Americans' Common Sense Linked to Gas Prices
Nov. 2, 2006: CNN Money—American Car Buyers Get a Case of Amnesia
Summary: "Who can remember all the way back to last summer, when we had daylight-saving-time, baseball and $3 a gallon gasoline prices?
Not American car buyers, apparently, and you can see the evidence in the results of October auto sales."
Big trucks and SUVs led sales at domestic manufacturers last month, as consumers couldn’t seem to see beyond incentives and lower gas prices. Heads firmly buried in the oil sands, they willfully forgot about melting ice caps and petroleum’s finite nature.
The bright spot in this story is all the people who purchased no vehicle at all in the month of October, not to mention the thousands who did choose more fuel-efficient models. Unfortunately, they are tarred with the same brush as those ugly Americans whose concern for the rest of the world (and indeed, their own future) takes a back seat to instant gratification.