Wednesday, June 25, 2008

Driving Less, Americans Finally React to Sting of Gas Prices, a Study Says - NYTimes.com

Economics always wins out..

Driving Less, Americans Finally React to Sting of Gas Prices, a Study Says - NYTimes.com:
"Sales of pickup trucks, minivans and sport utility vehicles have fallen below 50 percent of new passenger vehicle sales this year for the first time since 2001, the report says, as consumers turned to smaller vehicles in favor of fuel economy.

“It’s kind of stunning,” said Aaron F. Brady, a co-author of the report. “It was over 50 percent as late as February and by May it fell under 44 percent. It’s like falling off a cliff.”

Drivers, meanwhile, are becoming more prudent in their driving habits, either by using public transportation, carpooling or just cutting down on unnecessary trips, the two authors said in an interview. “Public transit ridership is surging all over the country,” said Samantha Gross, the other author."

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