| When the prices of gasoline reached its peak | | | | the large number of SUVs that consumers have |
| over the three dollar mark last year, it changed | | | | been turning their back on at the onset of the oil |
| the landscape of the auto industry. With more and | | | | price hike. |
| more consumers wary of an impending increase | | | | The trend in using the Internet to sell used car |
| in the prices of gasoline, fuel efficient small cars | | | | gained momentum last year as the prices of |
| are now in demand. This resulted to lesser sale of | | | | gasoline started soaring. Analysts argue that |
| SUVs and other large cars. | | | | retailers are focusing on selling new SUVs which |
| In this way, the price of gasoline changed the | | | | have seemed to lose its appeal on most car |
| auto industry wherein car manufacturers are now | | | | buyers. |
| focusing on the development of small cars which | | | | By the end of last year, 34 percent of the used |
| are commonly fuel efficient. There are still SUVs | | | | car sale market is attributed to personal sale of |
| being introduced in the market for those who | | | | used cars. This trend will likely continue as there |
| need the capability of these large cars for their | | | | are still old vehicles that needs replacing because |
| lifestyle or business. There are also large trucks | | | | of the increase in the price of gas. |
| with hybrid versions which are aimed at those | | | | The use of the Internet as a selling tool is a logical |
| people who want a big car with good gas mileage. | | | | step for consumers who want to sell their used |
| Aside from this, another aspect that the | | | | cars. The Web is full of online vehicle stores which |
| increased gas price affected the auto industry is | | | | facilitates the sale of used cars. By using the |
| in the sale of used cars. | | | | Internet, consumers have access to a large |
| Recently, more and more consumers are selling | | | | number of people who are looking for used cars |
| their used cars on the Internet rather than | | | | to buy. This influx of used car sale in the market |
| settling for a trade-in. This is because auto | | | | has created a huge source of income for online |
| retailers are offering lower prices. The reason | | | | vehicle stores. |
| behind this is that they are still struggling to sell | | | | |