Quote:
Originally Posted by Blue Angel
When fuel costs rose leading up to 2008 people were dumping trucks like crazy; new truck sales slowed to a crawl and you couldn’t give away a used one. The “lifestyle truck” market wasn’t as entrenched in society back then, but was well underway.
If the economy doesn’t take a drastic turn for the better soon, I think we’re going to see the same thing happen. I doubt it will drive much EV sales as the entry cost is still very high. I could see the value of cheaper used EVs increasing, though.
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We shall see, but another big difference between then and now is the fact that manufacturers pivoted away from cars and now have more suvs and trucks in their vehicle lineup. Take Ford for example, they don’t even really sell cars anymore with the exception of the Mustang. So we may just see some killer deals on trucks and SUVs but I honestly don’t think we’ll see them drastically slow down as much as we saw back then.