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.
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....
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! :suspect:
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! :suspect:
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.
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:
Yay! Maybe we will see another decade of great cars, like the 60s and 70s:highfive:
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...
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.
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.
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, :hmm: 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.
yeah, and take that POS offroad... not off the pavement and into your gravel driveway, I mean real, mud bogging, dirt jumpin', water fording, bajaing off road and see how many bumps it absorbs.... or how many holes are in the floor pan, the oil pan, how well those side steps aid in ground clearance, and that AWD system helps you to go up a 25% grade...
"SUV's" like those crappy Lexus are for people that should drive a car but "like being up high"
a REAL SUV is a Bronco (any year) and K5 Blazer etc... hell, even the older Toyota 4Runners could be a REAL SUV.... a REAL SUV being a pickup truck, with a cap over the bed and a back seat.... thats it.
when I drive my fathers '88 Bronco... it makes me proud, I really like that truck, that generation Ford trucks sat high, and I can look at everyone in their wannabe SUV's and laugh.
Hell, even the Tahoe is a real SUV, it is a Silverado chassis.. the Excursion? real SUV... F-250 chassic with V10 or Power Stroke... try and find that in your Lexus.
I've ridden in a Range Rover, and an Escalade ESV for that matter. Nothing, and I mean nothing I've ridden in comes close to the soft ride of my 75 Deville except for my friend's 76 Lincoln Continental Town Coupe. I can only imagine the added mass of a factory limo dampening the ride even more.
I've ridden in a Range Rover, and an Escalade ESV for that matter. Nothing, and I mean nothing I've ridden in comes close to the soft ride of my 75 Deville except for my friend's 76 Lincoln Continental Town Coupe. I can only imagine the added mass of a factory limo dampening the ride even more.
True. Some SUVs do okay on glass smooth streets, but once they go over pot holes or irregular surfaces, there's no way they are going to ride as well as a big 'ol Cadillac!
Many years ago, I went for a ride in my dad's boss's '75 or '76 Lincoln Continental. A very quiet and smooth ride. I was impressed. But the Cadillacs handle better.
My Range Rover is a True off roader, it goes off road, i need it to, i use ti at site inspections, following in ruts made my Euclids (http://www.jwjonescompany.com/images/Equipment/Images/euclidb.jpg) It is the best off roader i have needed, i also agree in ther fact my ESV has enver been off road, and never will, when ive sold it will be cut up and stretched.
And yes a custom 70s factory Cadillac limousine is going to be smoother than a Range, it is smoother than a Range Rover, but US roads are different to the ones in the UK. A 1970s cadillac is all well and good here until you turn a corner......
The Range Rover is better, and smoother, IMO than CURRENT luxury class cars:
Mercedes Benz S500
BMW 760
Jaguar XJ
Audi A8
VW Phaeton
and others, yes, i own one and will have another one of those cars soon, you could say "just use the Range Rover if its so good" the answer is because i dont want to, i dont want to be one of these SUV driving people who take up car space on the road. My Range is only driven off road, and obviously on the roads to the place im taking it to, i certainly dont use it for daily use, thats what cars are for
i dont want to be one of these SUV driving people who take up car space on the road. My Range is only driven off road, and obviously on the roads to the place im taking it to, i certainly dont use it for daily use, thats what cars are for
Mccombie, nothing personal, I don't know you. That quoted statement above is the epitome of asanine! If I want to drive my Z71 Tahoe evry day and leave the Cadillac under cover, (which I do), that's my damned business! My interior design business gets me off road at new building sites often, my Tahoe will go anywhere on the East Coast I need to go. By the way, my Caddy is slightly longer than my Tahoe, so taking up road space isn't an issue.Most SUV's with the exception of stretch versions like Suburban, ESV, etc..., are no longer than the average sedan. Measure some sometime. Those dinky little European economy cars are small indeed. Measure most average size and larger sedans, most are little if any shorter than an average SUV. To say"that's what cars are for", is certainly only your opinion and not fact. I can afford my gas, I have a place to park whatever I drive, and it's my business to drive what I please. By the way, every day when I pull out of my driveway, I leave two cars under cover. I like my cars, but I prefer to drive my truck, so I do. I don't feel guilty in the least nor do I feel I'm impeding others rights to drive cars, if that's what they choose to drive.
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