Thursday, June 17, 2004

Fill 'er up...

Per FoxNews, Winnebago Profit Nearly Doubles as Consumers Snap Up RVs.
Winnebago Industries Inc. quarterly earnings nearly doubled on brisk sales of its recreational vehicles as consumers shrugged off high fuel prices, the company said Thursday, sending its shares up more than 13 percent.
Yet over at ABCNews we see an article titled, High Gas Prices Tarnish SUV's Appeal: Sales Dropping for Large Models This Year.
Reports of falling sales for the behemoths of the road — those Excursions, Suburbans, and Yukons that regularly take up two parking spots at the mall and incur the wrath of the Honda Civic drivers who trail in their wake — have fueled speculation that Americans may finally be shifting away from the biggest-is-best mentality that has long been their car-buying mantra.
Economic analysis can be so confusing. Maybe Joe Carter is right (re: The New, New, News: How the News Makes Us Dumb).

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