No. of Recommendations: 3
How the energy crisis will change the world
Older METARs will remember how the energy crisis of the 1970s prompted more energy-efficient cars, homes and appliances. Higher cost is a strong incentive for change.https://discussion.fool.com/t/how-the-energy-crisi...wrt cars, in 74, GM and Ford had more fuel efficient offerings, like the Pinto and Vega. So, when people ran away from the typical V8 "family sedan", the Chevy and Ford stores still had something to sell them. Now, Ford, in particular, in it's aggressive pursuit of escalating ATP and GP has discontinued it's more fuel efficient offerings. There is limited additional capacity at the Mexican plant that builds the Bronco Sport and Maverick. The large Bronco is a bit rough around the edges. That means, someone shopping for a non-pickup, from Ford, will be looking at an Explorer (20mpg city/29 highway, or worse, depending on powertrain). GM's small CUVs are imported from Korea, and hobbled by a 15% tariff.
US light vehicle sales fell 23% in 74. What will sales be this year, in the absence of a quick resolution of the conflict? There may be a lot of people on the street, if auto sales plunge like they did 52 years ago.
laff break. In 74, automakers were making outlandish fuel efficiency claims about their models, until the government stepped in and demanded automakers quote the EPA measured fuel efficiency.
VW, back when it had a sense of humor, released this ad, pushing back at other company's mileage claims.
40 Year old VW beetle 84mpghttps://www.youtube.com/watch?v=vATQaJmUdh8Steve
