The Detroit News reported the price of gas is dropping (down 3.5% from a year ago) and that is causing the price of small cars to drop too. According to the article, the average price of gas is about $3.71 and if prices stay below $4.00, car shoppers will buy trucks, SUVs and minivans. Even though used car prices are at record highs because of inventory shortages, their prices will decline if gas prices do, in fact, remain stable.
Dodge wants to replace the beleaguered Caliber. Wait, you don’t know what the Dodge Caliber is? That is precisely why Dodge wants to launch a brand new compact model. From the sounds of it, Dodge won’t call their new compact a Hornet (named after the Hudson Hornet), but with no other alternative, the Mojo Motors Blog will refer to Dodge’s new concept as the Hornet.