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

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mccombie_5 said:
...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! :suspect:
 

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HotRodSaint said:
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:
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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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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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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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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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...:sneaky:

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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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. :rolleyes:
 

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Rolex said:
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. :rolleyes:
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.
 

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mccombie_5 said:
Well its a mix of things

a stylish SUV
a luxury limo
and a hardcore off roader

The Range Rover Vogue :)
Well, real limos (like my '76) are supposed to have a smooth ride. SUV suspensions are not set up for a smooth ride!
 

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Fleet said:
Well, real limos (like my '76) are supposed to have a smooth ride. SUV suspensions are not set up for a smooth ride!
You ever ridden in a Range Rover?

In fairness your 76 is a factory liousine, for limousine use, my Range si easily on par with a Mercedes S500 for smoothness and qulaity
 

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SpeedyArizona said:
Have you ever ridden in a Lexus GX470? They have a suspension that absorbs every bump in the road, it's like driving a cloud.
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.
 

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mccombie_5 said:
You ever ridden in a Range Rover?

In fairness your 76 is a factory liousine, for limousine use, my Range si easily on par with a Mercedes S500 for smoothness and qulaity
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.
 
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