More Videos
- Ford, Hyundai, Audi Gaining Interest
- Cadillac Converj Smart Extension of Volt
- Chrysler Makes Smart Call Staying Unplugged—For Now
- China Growth Shows GM Good Fortune
- Inflatable Seat Belts Aimed At Second Row Safety
- Do You Buy Marchionne's Turnaround Plan?
- October Shows Auto Rebound Will Be Slow
- How Mulally Got Ford Back in The Black
- Green Car Incentives Are Just Starting To Roll
- GM Touts Progress, Serves Up Details on Latest Refunds
MOST SHARED
- Jobless Claims Post Another Drop as Picture Improves
- Wal-Mart Holiday Forecast Light, Profit Beats
- How the Droid and Google Threaten the GPS Makers
- Pricier Beer Helps AB InBev Operating Profit
- Highest State Foreclosure Rates
- Obama Most Powerful Person in World: Forbes
- Rising Jobless Biggest Threat to World Trade: WTO
- Meet The Leaders of the New Retail Revolution
- Obama Unveils Plans To Hold Jobs Summit in December
- Schork: Nat Gas Bulls Need a Snow Day
- Meet The Leaders of the New Retail Revolution
- HP's Challenge to Cisco
- Ford, Hyundai, Audi Gaining Interest
- This Drug Firm Will Snap Up 50% By Mid-2010: Trader
- Warren Buffett Ranked #14 On Forbes 'Most Powerful People' List
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Obama Unveils Plans To Hold Jobs Summit in December
- 30 Year Mortgage Rate Falls Again; Lowest In Five Weeks
- No Near-Term Inflation Threat: Fed's Plosser
- Wal-Mart Holiday Forecast Light, Profit Beats
- US Mortgage Refinancing Up; Buying Demand Sinks
- Intel Agrees to Pay AMD $1.25 Billion to Settle Disputes
- Ford, Hyundai, Audi Gaining Consumer Interest
- Kohl's Profit Beats Street, But Outlook Falls Short
- United Tech to Buy GE Security Unit for $1.82 Billion
RSS FEED
Behind The Wheel
Text Size 
 |
AP |
Relax. I haven't lost it. I agree that for many people (soccer moms, the guy putzing around the suburbs, etc) driving a gas guzzling SUV makes no sense.
But there is a market out there of people who truly need the utility and capability an SUV offers. And right now those people are salivating at the possibilities. As well they should be.
Right now the Kelley Blue Book prices of used SUVs have plunged more than $2,500. Some are down more than $3,500. It's a buyers market for those who need/want an SUV. And the best part for those people is that prices may go even lower. Think of all those people who got a 3 year lease back in 2005 (the good old days when gas was reasonable) who are due to turn in their SUVs. As they do that, the finance companies will unload the gas guzzlers for a song. Bottom line. The market will be primed with big rigs at very low prices.
That's great news for those who need an SUV. Contractors, people in specialty trades, those who live in rural areas where the roads can get dicey at times. These are the people who should be driving an SUV. But over the last 15 years, the sport utility has become the vehicle of choice for suburbanites, yuppies, soccer moms who liked the utility, ride, styling of an SUV. Those people are now choking on their gas payments.
For you folks, relief is coming. There are more and more fuel efficient crossover utility vehicles on the way. And some of you will get re-acquainted with driving a car every day.
As for you hard core SUV drivers. You may not love the mileage you get, but you do love your sport ute. This is one of those rare periods where you have a chance to trade-in or upgrade and wind up getting a great deal.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes