If You Own A Gas Sipper, Now’s The Time To Cash In
Gas prices of more than $4 per gallon have motorists all over the nation looking for fuel-efficient vehicles. They’re swarming pre-owned car lots, posting online ads, and keeping a close eye on classified ads. People would rather purchase small used cars with used car warranties, than buy new gas-guzzlers. The vehicles of choice are the Honda Civic and Accord, Toyota Corolla and Camry, and Ford Focus and Fusion.
These cars are loved for their fuel-efficiency and reliability, and are now drawing higher offers than their value in the Blue Book.
Some sellers of these cars have reported bidding wars that would have new car dealers feeling green with envy.
The movement from big SUVs that guzzle gas to fuel-efficient cars is rippling throughout the nation in the auto industry. This week, the Toyota Corolla and Camry unseated the Ford F-150 pickup truck as U.S.’s best selling vehicle for the first time ever. And GM reported on Tuesday that it is going to close four of its plants that make SUVs and trucks.