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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Bob Rudd who wrote (13325)11/23/2001 2:06:16 PM
From: Bob Rudd  Respond to of 78749
 
In a prior post I hypothesized: a move away from large SUV's and luxury trucks that have powered profitability. This would be a secular, rather than cyclical change.
This NYT article indicates I'm probably off base: 'Made in America,' and Never Mind the Gas Mileage
nytimes.com
Key point is US consumers continue to buy SUV's with no regard or understanding of possible connection between mideast problems and oil dependence and no concern over fuel economy. Having witnessed one gas-guzler to econemizer shift, I prematurely thought we were entering a similar cycle phase. Not according to the NYT.
[When I hypothesized about secular verses cyclical change above, I was referring to a product cycle reflecting attitude changes that cut across several business cycles as opposed to 'I might lose my job, so I'll hold off buying a new SUV' type slowdown]