And I thought folks would be so shocked by the ever-rising high price of gas they'd do something, like drive more fuel efficient cars. Silly me!
Big engines stay popular despite gas spike
U.S. consumers bought vehicles with big, gas-guzzling engines at an unchanged rate in the first three months of the year despite rising gas prices, according to a survey released on Monday.
In the first quarter, about 25 percent of all new vehicles sold in the United States were equipped with eight- cylinder engines, according to sales trends analyzed by the Power Information Network, a data tracking service of consulting firm J.D. Power and Associates.
That market share level for V8s -- typically the most powerful engines used in trucks and large sport utility vehicles -- was unchanged from the average of 25 percent in the fourth quarter, according to the Power Information Network.
The market share of six- and four-cylinder engine-vehicles have also not budged in the face of higher gasoline prices, now above $3 per gallon in many U.S. markets, J.D. Power said.