Big trouble for big SUVs
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Community Lounge, Introductions and General Discussion Discussion, Big trouble for big SUVs in General Discussion; Sales plummet and used-ute prices slide, but used Corollas actually gain value Last July, Chevrolet dealer Tim Walters took a ...
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    HotRodSaint's Avatar
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    Big trouble for big SUVs

    Sales plummet and used-ute prices slide, but used Corollas actually gain value

    Last July, Chevrolet dealer Tim Walters took a 2003 Ford Expedition in trade. He's still waiting for a buyer.

    The big SUV had 34,000 miles on it, and Walters took it to auction three times. It attracted no bids, says Walters, whose dealership is in Elkland, Pa. "A lot of guys are afraid to take a chance on" buying large SUVs, he says. "You don't know if another hurricane will hit and gas will hit $4 a gallon."

    The Expedition Walters can't sell is a sign that high gasoline prices are scaring away buyers of large SUVs. But used small cars, in a stunning reversal, are holding value. A 2003 Toyota Corolla LE is selling for $100 more this month than it did last October, according to auction data, even though the economy car is a year older, with more mileage and wear and tear.

    Prices of used full-sized SUVs plunged 10.1 percent last month compared with September 2004, according to Manheim, an auction company in Atlanta.

    And it's not over, says Tom Webb, Manheim's chief economist. In the next few months, prices are likely to fall even more as dealers scramble to unload big used SUVs.

    "Prices are falling, and they are falling fast," Webb says.

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    Re: Big trouble for big SUVs

    Been coming for a looooooooooooooooooong time, its about time cars had the roads back, im sick of the SUV fad, and yes I have two of them but i am getting rid of one and the other is for real off roading....

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    Re: Big trouble for big SUVs

    If its for real offroading, then its not an SUV...

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    Re: Big trouble for big SUVs

    Quote Originally Posted by Spyder
    If its for real offroading, then its not an SUV...
    Well its a mix of things

    a stylish SUV
    a luxury limo
    and a hardcore off roader

    The Range Rover Vogue

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    Re: Big trouble for big SUVs

    Quote Originally Posted by mccombie_5
    ...its about time cars had the roads back, im sick of the SUV fad...
    I thought it would have been over when Cadillac made one. But little did I know that we would have to wait for Porsche of all companies to make an SUV for it to be officially over!

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    Re: Big trouble for big SUVs

    Quote Originally Posted by HotRodSaint
    I thought it would have been over when Cadillac made one. But little did I know that we would have to wait for Porsche of all companies to make an SUV for it to be officially over!
    YEah its getting too far now, its just annoying, leave the roads for cars, the fields for 4x4s and destroy those that come between

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    Re: Big trouble for big SUVs

    I don't guarantee this, but someone told me that there are now 81 different models we can buy here in America! Over saturation of market. Balloon burst time. Jeep will survive, of that I promise. I think they started it in 1984.


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    Re: Big trouble for big SUVs

    Its probably right, all of the Major manufacturers here bar a few have an suv in their line up

    its easier to list those that dont

    Jaguar
    Alfa Romeo
    Renault
    Citroen
    Peugeot
    Seat
    Audi (Q7 coming soon though)
    Saab

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    Re: Big trouble for big SUVs

    Saab has the 9-7x now.

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    Re: Big trouble for big SUVs

    Yeah i heard about that, they dont sell it in Europe though, apparently because it was a rebadged American prodduct it would cut it with Saab Europes quality control

    They have two models in Europe, divided into five different bodystyles:

    9-3 Sedan
    9-3 Cabriolet
    9-3 Sportwagon

    9-5 Sedan
    9-5 Wagon

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    Re: Big trouble for big SUVs

    Yay! Maybe we will see another decade of great cars, like the 60s and 70s

    All we need now is for GM to bring back the Camaro/Chevelle...

    But I think GM will weather the storm okay though. Once they get those V8 DoD Suburbans out in '07 that get better gas mileage than the Honda CR-V, I garuntee they will sell SOME Suvs.

    Its good GM is really going to crossovers right now though. That new HHR thing seems to be a real hit for them, but it does get great gas mileage...

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    Re: Big trouble for big SUVs

    I figured this day would come with the recent hike in gas prices. This is why I will be paying off and keeping my Escalade. If GM makes good on its promise to begin installing the displacement on demand function on larger SUVs, the value of these SUVs will tank more than ever.

    Hopefully when the time to sell my Lade comes, there will be some vain SOB willing to pay a decent price for the coolest SUV on the planet.
    The above post is my 2 cents....nothing more.

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    Re: Big trouble for big SUVs

    Quote Originally Posted by Sandy
    Jeep will survive, of that I promise.
    I saw the Commander at the auto show on Friday. I didn't know that the retro-80's look was now in!!

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    Re: Big trouble for big SUVs

    Quote Originally Posted by HotRodSaint
    I saw the Commander at the auto show on Friday. I didn't know that the retro-80's look was now in!!
    Ford is planning for a retro 60s-70s style Bronco that is cool as hell. It's a box on wheels, but it has a definate retro cool factor that is undeniable.

    http://www.detnews.com/2004/autoshow/0401/25/m06-31967.htm
    The above post is my 2 cents....nothing more.

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    Re: Big trouble for big SUVs

    Quote Originally Posted by Rolex
    I figured this day would come with the recent hike in gas prices. This is why I will be paying off and keeping my Escalade. If GM makes good on its promise to begin installing the displacement on demand function on larger SUVs, the value of these SUVs will tank more than ever.

    Hopefully when the time to sell my Lade comes, there will be some vain SOB willing to pay a decent price for the coolest SUV on the planet.
    We have always had high gas prices here, can't find a compact car/truck that will haul my car trailer, so I'll keep my Avalanche. What's all the hype about fuel anyhow ? People didn't ditch expensive cars/SUV's when insurance rates went throught the roof after 9-11. Love the Escalade and it's poorer cousin the Avalanche, excellent vehicles. Gas was $2.75 in PA last week, still a bargain compared to our $3.50/gal with exchange, and about $4.25/gal for Sunoco 94, ouch.

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