High Gas Prices Plunge Driving Pleasure for First Time Since 2014: Study
Skyrocketing gasoline and diesel prices have led to a drop in satisfaction among new car owners for the first time in eight years since 2014, a report via JD Power claims. Soaring gasoline and diesel prices imply that new car owners are less satisfied with their possessions compared to earlier than when gasoline prices were lower than the current cases. The study claims that this is the fifth time that the level of pleasure has dropped in the last 27 years.
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Knowledge specializes in giving drivers emotional pleasure with their new cars. This study asks its owners to believe 37 attributes. These vary from the feeling of comfort they feel when climbing into the engine seat to the euphoria they feel after pressing the accelerator, claims the research company.
As the company claims, the most significant issue driving down customer enjoyment this year is owners’ confidence in their automobile‘s financial system. It also indicates that the overall enjoyment of the new gas-powered cars has dropped by only one level on a 1,000-point scale.
The study also claims that the distance between the enjoyment of luxury automotive customers and mainstream cars has widened significantly in 2022 compared to the previous year. In 2021, the distance was only 19 points, but in 2022, this hole is over 31 points.
While gas economy played a crucial role in defining the fun of interior combustion cars, battery-electric cars and hybrid models were much less affected, the study claims. It also shows that BEVs still underperform traditional internal combustion engine cars with an average ranking of 838 versus 846. PHEVs scored 835 while regular hybrids scored 832.
Date of first publication: 25 Jul 2022, 06:23 IST