| Anything Goes Politics, life, gadgets, people... gobbledygook. |
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08-02-2006, 01:59 AM
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Engineering first
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Real Name: Bob
Location: Huntsville, AL
Hybrids: Prius Classic 03
Posts: 5,200
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Trouble in SUV City
Yes, I know. Articles normally go in another forum but all we have is a 'preview', not the whole article. It is a "Wall Street Journal" thing:
http://online.wsj.com/google_login.h...googlenews_wsj
Quote:
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Originally Posted by The_Wall_Street_Journal
Auto-Lease Market May Act As Red Flag for Finance Firms
By Lingling Wei
Word Count: 790 | Companies Featured in This Article: Ford Motor, General Electric, Bank of America, J.P. Morgan Chase, DaimlerChrysler
NEW YORK -- Gary Wong has found used SUVs a hard sell. Higher gas prices have curbed people's appetite for gas-guzzling SUVs in general, says the manager of dealership Platinum Ford in Flushing, N.Y. Even for those still itching to drive big cars, they would rather lease new ones than buy those traded in or coming off leases, thanks to increased leasing promotions and lower maintenance costs of new cars. "I've stopped bidding for midsized and large-sized SUVs at auctions," says the dealer. . . .
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It is hard to make a $7-13,000 profit on a no-sale.
Bob Wilson |
08-02-2006, 09:53 AM
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Ridiculously Active Enthusiast
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Real Name: Marc
Location: Chesapeake, VA
Hybrids: Camry Hybrid
Posts: 1,031
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Re: Trouble in SUV City
Although some people are still buying SUVs, it's no surprise that the higher gas prices go the lower SUVs will become. I know many people who didn't consider mpg when purchasing a car who now put it as a high priority.
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08-02-2006, 03:44 PM
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Prof. of Hybridology
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Real Name: Rich
Location: Michigan
Hybrids: 2006 Ford Escape 4WD
Posts: 1,983
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Re: Trouble in SUV City
...Almost as if some kind of market forces are causing a change...
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08-02-2006, 04:07 PM
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Engineering first
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Real Name: Bob
Location: Huntsville, AL
Hybrids: Prius Classic 03
Posts: 5,200
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Re: Trouble in SUV City
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Originally Posted by Pravus Prime
...Almost as if some kind of market forces are causing a change...
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LOL!!
The 'invisible hand' at work again. <GRINS>
Bob Wilson
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08-08-2006, 02:11 PM
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Energy Independence!
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Real Name: Fernando
Location: South Texas
Hybrids: Honda Civic
Posts: 307
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Re: Trouble in SUV City
Quote:
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Originally Posted by bwilson4web
LOL!!
The 'invisible hand' at work again. <GRINS>
Bob Wilson
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Others call it "Economic Darwinism"
The true smart man is the one who appears to be dumb in front of dumb man who appears to be smart.
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08-13-2006, 12:07 PM
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Hybrid True Believer
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Real Name: Chris Todd
Location: Baltimore, MD
Hybrids: Honda Civic 2003
Posts: 881
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Re: Trouble in SUV City
Yup! And I don't think the SUVs that *do* sell are getting the $7k profit anymore. In Baltimore, I read in the Examiner's back pages where GM dealers are selling huge SUVs and trucks for the same price as a Honda FIT.
Hope is like a candle held against the night. -------------------------------------------------------------- --> My Forums / Blogs / Logs / Webs <-- -------------------------------------------------------------- "Compassionate Conservatism": An American Oxymoron -------------------------------------------------------------- Confirmed Hypomiler. Road Rage and Jackrabbit Starts Forever!
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08-13-2006, 02:40 PM
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Pretty Darn Active Enthusiast
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Posts: 251
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Re: Trouble in SUV City
But if I bought a new SUV now, the dealer will give me a year's worth of free gas. Free gas!
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09-12-2006, 04:13 PM
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Ridiculously Active Enthusiast
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Real Name: Larry S. Singleton
Location: Phoenix, AZ
Hybrids: 2007 TCH and Loving It !
Posts: 1,428
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Re: Trouble in SUV City
http://www.azcentral.com/news/articl...-suv12-ON.html
Quote:
David Healy, an analyst for Burnham Securities, predicted that the mid-sized SUV - vehicles such as the Ford Explorer, Chevrolet TrailBlazer and Toyota 4-Runner - will be gone in a few years.
"There's no excuse in the world anymore for having a truck-based SUV, and the segment is going to go to zero," Healy said.
When the SUV was in its heyday in the late 1990s, most people who bought them didn't need a truck with off-road capability, but they purchased them because they were trendy, said David Lucas, vice president of Autodata Corp., which gathers and analyzes auto industry statistics.
"The trendiness has passed of having a large SUV," he said.
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Wonder what happens when gas is $1.90 again?
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09-12-2006, 06:19 PM
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Engineering first
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Real Name: Bob
Location: Huntsville, AL
Hybrids: Prius Classic 03
Posts: 5,200
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Re: Trouble in SUV City
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Originally Posted by lars-ss
Wonder what happens when gas is $1.90 again?
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Hybrids will be more affordable! <GRINS>
Bob Wilson
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09-13-2006, 05:50 AM
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Enthusiastically Active
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Real Name: Nick
Location: Indianapolis
Hybrids: 06 Honda Civic Hybrid
Posts: 364
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Re: Trouble in SUV City
Quote:
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Originally Posted by lars-ss
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The problem with that article is that they are factoring in 'need'. Very few Americans buy cars based strictly on 'need'.
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