BIKE: Re: SUV Resale Prices in Decline

[Michael Zakes]

well, if this holds true
http://jameswolcott.com/archives/2005/04/bubble_trouble.php , the silver
lining is that they could always work as semi-portable housing ;}


----- Original Message ----- 
From: "Jeb Boyt" <jeboyt>
To: <forum>
Sent: Thursday, April 28, 2005 9:25 AM
Subject: BIKE: SUV Resale Prices in Decline


> >From the Dallas Morning News:
>
> Full-size sport utility vehicles, the one-time high-and-mighty kings of
the
> road, are in a skid.
>
> While used-car prices in general are stronger than they have been in five
> years, the average trade-in values of full-size SUVs are $700 to $1,500
> lower than a year ago - and it's the weakest segment in the industry.
>
> High fuel prices and a well-earned reputation as gas guzzlers have cut
> deeply into big SUVs' stature. The segment has also been hurt by the age
of
> many full-size SUV models and the fact that consumers today have more
> choices of SUV-like vehicles than ever.
>
> Sales of new full-size SUVs nationally, for example, fell 15.1 percent in
> the first quarter of this year. Some of the segment's former giants
suffered
> huge drops, with sales of the Chevrolet Suburban falling 29.2 percent, the
> Chevy Tahoe down 22.5 percent and the Ford Expedition plummeting 26.8
> percent.
>
> Dealers are adjusting to the SUV decline.
>
> Six months ago, low-mileage Ford Expedition and Chevy Tahoe SUVs commanded
> front-row spots on Subaru of Dallas' used-vehicle lot.
>
> Today, when the dealership gets one as a trade-in, it often sends it to a
> wholesale auction - the destination for cars and trucks a dealer doesn't
> want.
>
> "Our position is, if it's a good gas-mileage SUV, we keep it," said David
> Thomas, managing partner of Subaru of Dallas. "If it's a Suburban or an
> Expedition, we won't. I'm scared of them."
>
>
>
http://www.dallasnews.com/sharedcontent/dws/news/dmn/stories/042705dnbustrucks.4e43c448.html