Tahoes b*tches!!!

[Ocotillo]

http://calculatedrisk.blogspot.com/2...-vehicles.html

Thinking about trading in that Tahoe for a Civic? Sit down.

High fuel prices are causing the value of used SUVs to plummet, often below what's listed in the buying guides many shoppers use to negotiate with dealers.

As a result, some new-car buyers think they're getting cheated by dealers who are offering them little for their SUV trade-ins.

"The dealer is going to offer a price, and the customer is going to be ticked off," says Tom Webb, chief economist for Manheim, operators of auctions where car dealers buy their used-vehicle inventories. "The guidebooks have not caught up to the market," he says.
I'm waiting for Gretchen Morgenson to get all over this anti-consumer behavior. Meanwhile,
Webb's figures show wholesale prices on big SUVs such as Chevrolet Tahoes, Ford Expeditions and Toyota Sequoias are down 17% from a year ago. Full-size pickups have fallen as much as 15%, Webb says.

"It's a challenge," says Adam Lee, president of the Lee Auto Malls dealerships in Maine. "How do you tell a good customer, 'You paid $32,000 and now it's only worth $17,000?' "
Why, you should just hire some newly-under-employed Realtors®. They've had some practice at that kind of thing lately.
AutoNation's Jackson says he thinks affluent buyers may be hanging on to their SUVs even after they buy newer, more fuel-efficient vehicles, banking on gasoline prices falling so they can sell their big SUVs later for a better price.
Better hope you can hang on to that house with the three-car garage, then, because your HOA won't let you put it up on blocks in the yard,

[Wild Cobra]

http://calculatedrisk.blogspot.com/2...-vehicles.html

Thinking about trading in that Tahoe for a Civic? Sit down.

High fuel prices are causing the value of used SUVs to plummet, often below what's listed in the buying guides many shoppers use to negotiate with dealers.

As a result, some new-car buyers think they're getting cheated by dealers who are offering them little for their SUV trade-ins.

"The dealer is going to offer a price, and the customer is going to be ticked off," says Tom Webb, chief economist for Manheim, operators of auctions where car dealers buy their used-vehicle inventories. "The guidebooks have not caught up to the market," he says.
I'm waiting for Gretchen Morgenson to get all over this anti-consumer behavior. Meanwhile,
Webb's figures show wholesale prices on big SUVs such as Chevrolet Tahoes, Ford Expeditions and Toyota Sequoias are down 17% from a year ago. Full-size pickups have fallen as much as 15%, Webb says.

"It's a challenge," says Adam Lee, president of the Lee Auto Malls dealerships in Maine. "How do you tell a good customer, 'You paid $32,000 and now it's only worth $17,000?' "
Why, you should just hire some newly-under-employed Realtors®. They've had some practice at that kind of thing lately.
AutoNation's Jackson says he thinks affluent buyers may be hanging on to their SUVs even after they buy newer, more fuel-efficient vehicles, banking on gasoline prices falling so they can sell their big SUVs later for a better price.
Better hope you can hang on to that house with the three-car garage, then, because your HOA won't let you put it up on blocks in the yard,

Simple supply and demand.

I'm sure part of it is dealers taking advantage of the situation, but it is being driven by people not wanting to pay the high fuel prices any more.

[ChumpDumper]

If they didn't see this coming, they're stupid.

[BonnerDynasty]

Still not a fan of the GMT-900 models. From the exterior standpoint, at least.

[Sportcamper]

Many families have purchased (and will keep) their large SUV’s because they have replaced the Full Size family station wagon…Not because they want to be trendy…

[Sportcamper]

Also…a Honda Civic or Toyota Corolla may be great cars….But they are not capable of car pooling kids to school, towing or making Home Depot “home improvement” runs…

[ChumpDumper]

So they aren't selling their SUVs and therefore have nothing to do with this article.

[boutons_]

shall we call it the "SUV bubble"?

Like houses, some people who are renting their SUVs from a $lenders are now paying more than the SUVs are worth?

as well as paying $75 - $100/25-gal-filllup?

Is there any business/technical opportunity to modify SUV engines down to run on 4-cyl only?

[TeyshaBlue]

shall we call the it "SUV bubble"?

Like houses, some people who are renting their SUVs from a $lenders are now paying more than the SUVs are worth?

as well as paying $75 - $100/25-gal-filllup?

Is there any business/technical opportunity to modify SUV engines down to run on 4-cyl only?

There's some scams out there already with kits to deactivate cylinders. Problem is, they can and do cause serious problems with performance and reliablity. I can't find one that doesn't void the manufacturers warranty.