Fuel Efficient Cars Could Cost You More - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Fuel Efficient Cars Could Cost You More

Charles Cooksey, GM, Brown Automotive Charles Cooksey, GM, Brown Automotive

Many people are choosing to trade in their gas guzzler for a smaller, more fuel efficient car, but it could end up costing more in the long run.

Of course, you'll definitely get better gas mileage in a small sedan than you will in a huge SUV, but the economy is changing and the price of that small sedan is changing too.

Charles Cooksey is the general manager at Brown Automotive says it's a simple law of supply and demand. More people want fuel efficient cars, so... "the value of the fuel efficient cars has risen significantly, as opposed to the value of gas guzzlers which has eroded significantly. Fuel efficient cars are selling at or well above where they were just a year ago." He says in just the past thirty to sixty days the value of these cars has changed significantly.

Powered by Frankly