RISING GAS PRICES AFFECT VEHICLE PURCHASE DECISIONS TO JOIN KELLEY BLUE BOOK'S KBB.COM
5 Gas Saving Tips from the Editors of Kelley Blue Book
IRVINE, Calif. - March 16, 2005 - Gas prices in the U.S. are climbing steadily again with the national average already more than $2.00 a gallon. Experts in the industry are currently forecasting that gas prices will reach the $3.00 mark by summer. A recent study from Harris Interactive and Kelley Blue Book Marketing Research indicated that 41 percent of in-market car buyers have either changed their minds or are thinking strongly about vehicles they normally wouldn't consider due to high gas prices. And in February 2005, 30 percent of car buyers indicated that if gas prices rose a mere 25 cents (based on a national average of $1.99 per gallon for regular unleaded), they would seriously consider a more fuel efficient vehicle.
"Over the last five months we have seen a slow and steady decline in large SUV consideration. Additionally, shoppers have been telling us that even small increases in gas prices will lead them to consider more fuel efficient models," said Rick Wainschel, Vice President, Marketing Research, Kelley Blue Book. "We have never hit the $3.00 a gallon mark. If we hit that mark, it could be an interesting sales season. We will continue to track purchase intentions and vehicle sales as fuel prices climb."
If you do a good amount of driving, you might as well save a few dollars on gas this year. Here are a few things the editors of Kelley Blue Book recommend, no matter what type of vehicle you own.
1. If your vehicle does not require premium grade gas but you use it anyway, it is ok to change to a lower grade to save a few dollars. In fact, you may find that you get better fuel economy with a lower grade of gasoline. Try two tanks of each of the lower grades and see for yourself. (Check your owners manual first, if your vehicle requires premium grade gasoline, stay with a premium grade.)
2. Four tanks of gasoline with an engine and valve cleaning additive like Techron or V-Power can clean your fuel injectors as well as most professional grade cleaners. Clean injectors will help your vehicle get better gas mileage.
3. Turn off or lower your air conditioning, but don't roll down your windows. Both create drag on your car, requiring more gas to keep up your speed. It takes about 5 - 8 horsepower to run the air conditioning. Using the recirculation feature is another option. Of course if it's more than 80 degrees outside, you may want to run the air intermittently.
4. Check your vehicle's air filter and tire pressure. A clogged or dirty air-filter can slow your vehicle down and use more gasoline. A clean filter will promote less gas waste. Under-inflated tires could also cause excessive drag, slowing the vehicle down and using more gas. This could become a safety hazard as well.
5. Accelerate normally from a fully stopped position and avoid flooring or stabbing the gas pedal. The flooring or stabbing action pushes more fuel to the engine than is needed to move forward.
And, if you are in the market for a more fuel-efficient vehicle, Kelley Blue Book's editors recommend logging on to kbb.com for New Car Blue Book pricing, reviews and further shopping research of the following 2005 model year vehicles.
|1||2005 Honda Insight||61||66|
|2||2005 Toyota Prius||60||51|
|3||2005 Honda Civic Hybrid||48||47|
|4||2005 Volkswagen Golf tdI
2005 Volkswagen New Beetle tdI
2005 Volkswagen Jetta tdI
|5||2005 Toyota Echo||35||42|
|6||2005 Toyota Corolla||32||38|
|7||2005 Scion xA||31||38|
|8||2005 Honda Accord Hybrid||29||37|
|9||2005 Dodge Neon||29||36|
|10||2005 Hyundai Accent||29||33|
In contrast, there are several great looking vehicles on the road today, but they don't get the greatest gas mileage. Some of those vehicles include the Hummer H2, The Dodge Ram SRT 10, which both get about 10 miles per gallon. Other great luxury vehicles get few miles per gallon like the new Volkswagen Phaeton, Mercedes S-Class and G-Class. Keep in mind, most high-end sports cars get fewer miles per gallon because of their high performance engines.
For more information on new vehicles, log on to www.kbb.com.
Since 1926, Kelley Blue Book, The Trusted Resource®, has provided vehicle buyers and sellers with the new and used vehicle information they need to accomplish their goals with confidence. The company’s top-rated Web site, www.kbb.com, provides the most up-to-date pricing and values, including the New Car Blue Book® Value, which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book® Official Guide. Kbb.com is rated the No. 1 automotive information Web site among both new and used vehicle shoppers, and half of online vehicle shoppers visit kbb.com. Kbb.comis a leading provider ofnew car prices,car reviewsandnews, used car blue book values, auto classifiedsandcar dealer locations. No other medium reaches more in-market vehicle shoppers than kbb.com.
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