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Eighty-seven percent of new car shoppersw last month said they think gas prices will go much up from 66 percentin April. The prospect of higheer gas prices also is having an impact on purchasing When asked what they woule be most likely to compromise in thei rnext new-vehicle purchase, shoppers cited engine size as the top item likelu to be sacrificed, followed closely by vehiclee size. In addition, 73 percent of thosed who saw gas prices increasing in May said they plan to changs their spending habits if gas pricez were to gomuch higher.
"While we may not see the $5-per-gallonm gas experienced in some areas last current economic conditions compounded by the pain at the pump maymake $3-per-gallojn gas a new thresholfd for car buyers – the point at whicg they change their mind about what vehicle to buy and how they spenxd their money," said Jack R. executive editorial director and executive market analyst for Kelley Blue Book and in anews release.
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