April 14, 2009 12:03 PM
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A Bright Side Of High Gas Prices
Drivers aren't the only ones feeling pain at the pump.
High gasoline prices have caused sagging sales for many auto makers, especially when it comes to gas-guzzling SUV's.
But what's bad for them is good for people in the market for a new vehicle.
The Big Three American auto giants are offering all sorts of incentives, from zero percent financing to free gas.
Kevin Smith, editorial director of Edmunds dot com, explained on The Early Show Friday.
For details on the programs,click here .
Smith emphasizes that the incentives are fine if you're already in the market for a new vehicle, but people who aren't probably shouldn't buy just because of the incentives.
Copyright 2009 CBS. All rights reserved. High gasoline prices have caused sagging sales for many auto makers, especially when it comes to gas-guzzling SUV's.
But what's bad for them is good for people in the market for a new vehicle.
The Big Three American auto giants are offering all sorts of incentives, from zero percent financing to free gas.
Kevin Smith, editorial director of Edmunds dot com, explained on The Early Show Friday.
For details on the programs,
Smith emphasizes that the incentives are fine if you're already in the market for a new vehicle, but people who aren't probably shouldn't buy just because of the incentives.
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