Industry analysts are not blaming the rapid increase in gas prices for possibly slowing August's automotive sales. The heavily promoted consumer incentives are cited for reducing inventory and satisfying customer demand, which would reduce sales volume. With the near record months of June and July behind us, we can see how volumes for August will be lower. However, many of those consumer incentives are still in place, and we may not know for sure what effect they had on the market until after they are ended. Of course, the employee discount promotion may become like the 0% APR of 2001, a promotion that becomes used more frequently to supercharge sales. Heavy promotion also managed to move less fuel efficient vehicles, like full size trucks which enjoyed a two months of record sales despite climbing gas prices.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.