The rise in fuel prices is working very nicely for low-priced subcompact cars as the consumers have started preferring to buy a cheap model that can give them good value of gas mileage.
If the market trend continues the same path and the time is not far when we will only see low-price subcompact cars in the showroom, which have already started leaving showrooms at a rate of three for every two cars that were being sold a year ago by the dealers.
The small car choice is becoming famous especially among the recession-battered buyers, who’s limits are restricted to certain levels (like they can’t think of spending $30,000 for 50-mpg hybrids) of small cars that are usually priced at almost half rates for relief from $4 gasoline.
More number of people is finding subcompacts as the only cheapest new car alternative left in the automobile industry to serve their needs despite its average transaction price of $16,287 this year, which is somewhat 14% up than the costs of same two years ago, confirms data submitted from J. D. Power and Associates.
“These are the new-generation subcompacts”, says Mr. Thomas King, Senior Director at J. D. Power and Associates. “They have a lot of equipment and a lot of technology and electronic features you didn't see in the past”.
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