Large SUV's officially going worthless - Dealers refusing to take them as trade-ins

[lonestarnot]

I know Iknow faux snooze bullshit, but it's also in the Houston Chronicle is that another freepjob?

http://www.foxnews.com/wires/2008Apr26/0,4670,CarsSUVPileup,00.html

"Nobody is buying used SUVs," said Hoyos, 35, who stopped accepting them six months ago. "The truth is more and more dealers are staying away from used SUVs and large trucks ... It doesn't pay. You can't have a unit sitting on the lot forever."

and the Washington Times

http://www.washingtontimes.com/article/20080428/BUSINESS/267129555/1006


:P

[gratuitous]

1. But as long as they can sell these behemoths in the first place

You can bet the automakers will keep making them, with all the attendant marketing hype, to convince people that this is something they "need." Because for every $50,000 oversized gas guzzler they sell, it's a nice bit of change in their pockets. Resale value for the buyer? Who cares?

[lonestarnot]

5. The person who realizes that they made a mistake and would like to trade it in for a hybrid.

That's who who who cares!

[Warpy]

2. Lots around here are choked with the suckers

and dealers aren't going to make a dime on them if they want to move them off the lot.

The best they can hope for is selling them south. Gas is still pretty cheap in Mexico and Belize and there is a big market for those behemoths there.

[High Plains]

18. Gas is about 75 cents a liter in Mexico City right now.

I think that comes out to about $2.80 or $2.90 a gallon. It's been increasing in price here, but not as rapidly as the US.

Doesn't stop a lot of Mexicans from driving those behemoths, though.

Favorite vehicles of the narcos, among others.

[katty]

3. it took oil to get to $120. - for this to finally happen?!

[deadmessengers]

8. Hey, at least now we know where the tipping point is, right?

We now know that at $3.70/gallon, Americans will change their gasoline consumption habits.

[GCP]

4. My heart bleeds

:sarcasm:

[napoleon_in_rags]

6. Great news. This illustrates positive change, but also a free market problem.

People buy their cars for the next several years, but off the market conditions at the time the buy them, rather than the gas prices for the next several years which is what really matters. Therefore, lots of people have got stuck with the wrong cars and things are screwed up. But I'm glad people are at least making the changes now.

[RadiationTherapy]

7. And how many GM and other manufacturer's laborers had to be laid off

because of dead sales of the vehicles these republican ninnies refused to stop making in such large quantities?

I absolutely believe our economy is being intentionally killed off from the inside out. I do not know why, but much of our economic woes do not make sense.

[fascisthunter]

9. I Told a Few people About This Seven Years Ago

Sucks for folks who bought them......

[left is right]

11. About that same time I had a friend who had a little money to invest

she said "GMC" I said I wouldn't invest in any company that wasn't actively retooling for hybrid.

[and-justice-for-all]

10. Ahh, poor big auto....

a victem of their own demise..boo hoo. :nopity:

[Rage for Order]

19. And poor "Big Auto" union workers too

I'm assuming that your faux-sympathy also applies to the hundreds of thousands of Americans, the majority of whom are union members, who work in the automobile industry?

[madokie]

12. We have two gas guzzlers now and they were both bought before this criminal crew hit the scene

and we don't drive much, less than 10 miles a day easily but I was informed the other day that when we do buy a new auto it was going to be at least a hybrid, she said that she would like to have a total electric if she had her druthers, I about fell out of my chair as she shows no interest otherwise in vehicles at all.

[lonestarnot]

14. Good for her!

:applause:

[Dukkha]

13. They'll start the "Eco-friendly Green SUV" campaign tactic

in the same manner that Waste Management, Exxon, and DuPont does to try to improve their public image.

[Jack_DeLeon]

15. My friend was interested in a Ford Escape Hybrid...

and the salesman pretty much told him that there werent any available anywhere in Texas, they are all sold out and to get one he would have to go all the way to California and the final price would be like $44k for shipping and extra profit since they are in such high demand.

[lonestarnot]

16. OMG

:rofl:

[Arctic Dave]

17. If we had a politician with a backbone they would start

legislation on giving a rebate if you trade in your old truck or SUV and buy a fuel efficient car. I figure if we can piss tons of money in the desert we can do something to help A) the consumer B) the manufacturers and C) our environment. With the trade-ins the government could sell them to a U-haul type company so people could rent them when they NEEDED one. The rest would be recycled. I don't know, it sounds doable to me.:shrug: