Gasoline Price Spike Fails to Derail Consumer Spending as Auto Dealers Struggle

Despite high gas prices, American consumer spending remains resilient, while auto dealerships face unexpected challenges due to their own sensitivity to price fluctuations.

8 Sept, 20:44 — 8 Sept, 20:44

Post Share

Sources

Showing 1 of 1 sources

wolf-streetMixed1d ago

Why the Gasoline Price Spike Didn’t Derail Consumer Spending despite all Moaning & Groaning: Auto Dealers Got Caught Too

Americans hate, hate, hate high gas prices, but they’re less sensitive to them than auto dealers ironically expected.

By Wolf Richter

Read full article →

Gasoline Price Spike Fails to Derail Consumer Spending as Auto Dealers Struggle

Sources

Why the Gasoline Price Spike Didn’t Derail Consumer Spending despite all Moaning & Groaning: Auto Dealers Got Caught Too

Related Stories

NFL Media Rights, Nigerian Arrest, and Arcosa Shareholder Vote

OpenAI Launches ChatGPT for Financial Services Industry

UAE Pledges $46 Billion Investment in Germany

Ford Announces $1 Billion Investment in Kentucky Plant