Despite High Gas Prices, Hummer Sales Triple
Despite gas prices going through the roof on most parts of the U.S., it seems people still want their Hummers!
A story in the Wall Street Journal reports that the Hummer brand is still selling like hotcakes for GM, which sent out 3 times as many Hummers this year as in the previous one.
The Baltimore Business Journal reports that sales of GM’s mammoth Hummer have nearly tripled from a year ago, despite $3-a-gallon gas and the fact that, according to the Journal, it costs $3369 a year in gasoline to drive a Hummer 40 miles a day (in comparison, it costs just $973 a year to drive a Volkswagen Jetta the same amount). The Journal says people are buying Hummers precisely because of high gas prices — buyers want the world to know they can afford the gas.
The “reasons” for buying Hummers according to the paper sounds a little warp to me, and I don’t believe it. Who would buy Hummers just to show that they can afford the high price of gas? Ridiculous.
