Gas Price Predictions May Be Affecting Car Sales

Gas prices may be staying at a relatively high level, but that doesn't mean drivers are rushing out to purchase smaller, more fuel efficient vehicles. AutoBlog reports that the sales of subcompact cars have declined 2.6 percent since October, in spite of the fact that the average gas price has remained between $3.50 and $4. 

During that same time period, the sales of crossover vehicles has risen by 61 percent, the news source reports. Part of the reason for this boom is due to the recent release of some new redesigns like the Nissan Pathfinder or Ford” target=”_self”>Ford Explorer, but it does not fully explain why so many people are ignoring gas prices in favor of automobile features. 

Some of these drivers may be looking to the future in their search to find a vehicle. The U.S. Energy Information Administration predicts average gas prices will be slightly lower than the last two years. Crude oil prices are expected to fall, which accounts for much of the decline, and the rest of the drops could vary by region. The West Coast will likely have the highest costs – about 26 cents above the national average – while areas in the Gulf Coast and East Coast may also remain high. 

Drivers searching for their next vehicle can check out the offerings at the NJ State Auto Auction. Although subcompact cars may not be selling as widely across the U.S., there may be some models that are a perfect fit for you. You can find a wide selection of makes and models at the New Jersey Auto Auction. No matter which brand you prefer, you can drive off the lot with confidence, as every model is CARFAX certified.