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What is the impact of rising oil prices on car sales?
Car sales will decrease. Cars and gasoline are complementary commodities. If the oil price is too high, the demand for oil will decrease, which will also affect the sales of cars.

As gasoline prices rise, consumers' demand for gasoline decreases; The relationship between gasoline and cars is complementary, so consumers' demand for cars is correspondingly reduced. The rise and fall of individual stocks are mainly influenced by other factors, such as the influence of value relationship and the operation of main funds.

International oil price:

In 2020, due to the COVID-19 epidemic, international oil prices fell sharply. By the close of May 13, 2020, the futures price of light crude oil for June delivery in the New York Mercantile Exchange had dropped by $0.49, or 1.90%, to close at $25.29 per barrel. London Brent crude oil futures for July delivery fell by $0.79, or 2.64%, to close at $ 29.438+09 per barrel.

As of the close of 1013 in 2020, the futures price of light crude oil for June 65438+February delivery in the New York Mercantile Exchange dropped by 0.99 USD to close at 40. 13 USD per barrel, with a decrease of 2.41%; London Brent crude oil futures for delivery in October 2002165438/KLOC-0 fell by 0.75 USD to close at 42.78 USD per barrel, with a decrease of 1.72%.