Regular is over $6 where I live and there is still very much a high ADM on lot Broncos — I don’t think there’s going to be any demand effect here unless fuel shortages happen or prices absolutely skyrocket.
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If your family drives 3 vehicles, then triple that amount. Plus EVERYTHING will cost more as fuel rises. If the only thing to consider was $500, then yes, I would agree.If an extra ~$500 a year in gas is going to bankrupt someone, they probably shouldn't be looking at a brand new $50,000 SUV anyways.
Where does coffee cost 7 dollars? Ouch!I don't care if prices go up another $0.50 a gallon. That's only $11 extra a tank. Only $11. If you can't afford that then maybe you shouldn't have spent $40k+ on a SUV. If people really cared then they need to make sacrifices in their life. Stop spending $7 for a coffee several times a week. Make your lunch or dinners instead of spending 4 times as much going out. Stop buying useless stuff. All that together makes the little bit extra at the pump seem like pennies.
Starbucks- dont ask how i know🥲Where does coffee cost 7 dollars? Ouch!
People who are buying a Bronco, because they for real have a use for the key functionalities, will probably still mostly buy. An economy car would likely not be a valid alternative, because it would not get them where they want to go off-road and in terms of utility usage.Far northwest suburbs of Chicago and the wholesale price jumps of gasoline in the last couple days has resulted in $4.39 Reg and $5.11 Premium at the pump this morning.
As people will knee jerk react to the prices with a rush to avoid less efficient vehicles, (they don't care if they will never recoup the cost of buying a different vehicle, because people are not always rational), added to the actual budgetary impact of the higher pricing including higher costs for everything else because of increased transportation costs. Will the demand lower for the fuel slurping Bronco and drop ADM, will the scarcity of vehicles in general keep the prices high, or will it get to where people just aren't buying new cars at all, thus lowering the demand everywhere?
At over $5 a gallon (all my vehicles are tuned for 91 Octane) I hit a mental barrier about pleasure driving and it would somewhat be on my mind while racking up the miles. It gives a slight pause in my thought process about a 17 MPG daily driver toy that the mere purchase price would likely cover all the repair and fuel costs of my existing vehicles for the rest of my life. It is not a financial barrier, but a psychological one. Not cancelling my order, and I fully expect to be ordering again for 2023 and maybe for 2024, so it is far off, however it takes some of the bloom off of the rose, so to speak, on the tiny, tiny amount of anticipation that Ford has not destroyed.
Other people maybe doing some reevaluation today, thoughts on what the Bronco market will do on pricing?
My average of 16.5 mpg in my Badlands is practically like driving a hybrid!Who buys a Bronco and worries about fuel efficiency?
Used to live around that area. Not surprising at all that Packey Webb is doing this. Figured most Chicagoland dealers were to be honest.
Saw this retail Bronco in Downers Grove,IL a few weeks ago. I’m thinking the reservation holder said no thank you to the ADM. i just saw it 3 weeks later in the showroom. Good luck everyone. I had a sales rep at this dealer tell me their order Me one at MSRP a month ago… I bet that was a lie. Shocked i tell you, shocked. ((Sarcasm))
Few people at $2.50 a gallon.Who buys a Bronco and worries about fuel efficiency?
whats fuel efficiency?Who buys a Bronco and worries about fuel efficiency?
$500 a yearIf an extra ~$500 a year in gas is going to bankrupt someone, they probably shouldn't be looking at a brand new $50,000 SUV anyways.
And they did, then gas got stupid cheap, people have very short memories.In ‘08 when gas hit $5 a gallon they said everyone was going to abandon pickups and large suvs yet they continue to be the auto industries bread and butter