mrbill

Ford, GM Expecting Lower Car Sales Than They Forecast

"4) Existing vehicles are lasting nearly 8 years, compared to 5 years at the beginning of the decade."

Waaat? Every car I've owned, I've owned for ten or more years. Maybe you're talking about Ford or GM. I can assure you, foreign cars last much longer than five years.

"5) Gasoline will rise this year, and may reach $3.50/gallon by summer. If it only rises by $1/gallon I'll be pleasantly surprised. But with the domestic carmakers still emphasizing trucks and SUVs over fuel-efficiency, sales will crash for those segments in lockstep with higher fuel costs."

How do you know gas prices will rise to $3.50 a gallon by summer? I think oil will EVENTUALLY go higher, but what you're saying is just wishful thinking.