Seeking Alpha

The auto industry sits better prepared for $5 per gallon gas prices than last go around, ...

The auto industry sits better prepared for $5 per gallon gas prices than last go around,  with 17 models now out that deliver at least 40 MPG - compared to just a few 4 years ago. CNBC's Phil LeBeau forecasts that automakers will continue pounding out strong sales, unless prices at the pump hit a critical mass that creates a psychological impact too great to overcome.
From other sites
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    The automakers will continue to pound out sales at $5.00-a-gallon. Then at $10.00-a-gallon bicyclemakers will pound out sales. At $15.00-a-gallon horsebreeders will pound out sales. All part of the plan for our clean-green-sustainable future during Malaise II.
    21 Feb 2012, 11:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs