Along with $4 gas, many luxuries are going down the tank.
Fallout from fuel dependency: Do I want a new car or my daily double-tall-soy-caramel-Macchiato or that trip to Hawaii?
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kelley blue book
Fallout from fuel dependency: Do I want a new car or my daily double-tall-soy-caramel-Macchiato?
As new cars hit the market, the market is pondering -- at what cost? According to Kelley Blue Book's marketing research of in-market new- and used-car shoppers for June 2008, vehicle sticker costs coupled with rising gasoline prices are causing consumers to delay new-car buying and penny-pinch in other areas, such as dinners out, coffee runs and trips to the ballgame or the mall. Survey respondents also stated that they didn't t see the situation getting any better -- ever.
The following pages offer one last look at some of the luxuries consumers are now going without.
--Los Angeles Times Staff Writers