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Americans value fuel economy when purchasing a vehiclePosted On Wed, May 30, 2012
Consumer Reports recently unveiled the results of a survey which showed that many Americans may jump at the opportunity to purchase a vehicle with strong fuel economy.
While close to 75 percent of Americans would prefer an alternative fuel vehicle for their car purchase, a total of 37 percent said that fuel economy was their number-one priority when looking for a vehicle, the report said. This was far ahead of the 17 percent who said quality, 16 percent who noted safety, while 14 percent preferred value and 6 percent noted they would prefer performance.
"These results make it clear that high fuel prices are continuing to impact driver behavior and influencing future purchase considerations," said Jeff Bartlett, Consumer Reports deputy auto editor. "While quality, safety and value are still important, this may be foreshadowing a market shift by folks seeking relief at the pump."
The report found that approximately 66 percent of car owners would want to get a vehicle with better mileage than their current option has. Nine in 10 noted that high gas prices drove their interest to get a vehicle with better fuel efficiency. Another 62 percent noted that helping themselves be more friendly to the environment, while 56 percent listed that they were interested in cutting down foreign oil dependence.
Purchasing a new car may be able to help some consumers save money on gas in the long-run. However, not everyone is in the market to purchase a new vehicle. If Americans are dealing with budget issues due to high gas prices, they may not necessarily have to cut back on everyday expenses. Instead, it may benefit them to rethink their insurance policy option. If they compare auto insurance quotes, drivers may be able to save more than they expected.
Feedback or questions? Email the editor here.