Monday, October 13, 2008

Changing auto scene

The price of gas has dropped more than a dollar a gallon in the last two months. By the end of this week it will have dropped even more.

The question is, will this change people's thinking about buying trucks and SUVs?

Auto stocks were swept along on the wild ride down on the stock market, but for those who watched closely, the value of GM stock was pretty interesting on Friday 10/10 and Monday 10/13. On both days, GM stock jump up by around 25 percent in the first hour of trading.

Perhaps potential buyers big trucks and SUVs -- and there are people who need the unique capabilities of such vehicles -- are reassessing. If they add up the price cuts, incentives, cut-rate financing and the rapidly falling price of gas, there are some real bargains out there.


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