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Used car market flooded with trucks and SUVs

04/30/2008, 11:02 AM

By Drew Johnson

With gas prices tickling the $4 a gallon mark, new truck and SUV sales have decreased by 26 percent through the first quarter of 2008, but the new car market isn’t the only one feeling the crunch. Used truck and SUV sales have also significantly dropped off, with a corresponding drop in price.

According to U.S. News, used truck and SUV sales were down 14 percent during March and, as economics class taught us, an increase in supply — with no change in demand — will ultimately drive prices down. “Used SUV sales in March were down 14 percent nationally compared to last year, according to data compiled by CNW Marketing Research. That follows drops in used SUV sales of more than 8 percent for the first two months of the year, compared to the same months in 2007,” the AP told U.S. News. That “has sent used SUV prices plummeting, giving owners a shock when they try to trade theirs in and find out how little they can get.”

The excess inventory largely stems from people downsizing to more fuel-efficient vehicles.

Some used car dealerships aren’t even accepting large trucks or SUVs as trades. Although diesel-powered vehicles are more frugal than their gasoline counterparts, the high price of diesel fuel has equally hurt their value.

But on the flip side of the coin, if you’ve been waiting to get into a used truck SUV, now could be the perfect time to buy — aside from that price of fuel issue — as there is plenty of selection and prices are near rock bottom.

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04/30, 11:18 AM

posted by:

xyunya

New or used Hummer anyone? The one in the picture?

04/30, 11:21 AM

posted by:

Fletch

This should mean that the North American market will get a lot more wagons in the next few years, they rock.

04/30, 11:23 AM

posted by:

RaineMan

I’ll give you 50 bucks for that hummer.

04/30, 11:26 AM

posted by:

xyunya

RaineMan, is that indecent proposal? Look out, HemiRetardedRunner make like the offer.

04/30, 11:28 AM

posted by:

johnnycanuck

50 bucks for a hummer, RaineMan? For that price she’d better swallow.

04/30, 11:29 AM

posted by:

xyunya

….. along with 400SShorse who got pay cut and mayer_ray_nagin for a good company

04/30, 11:59 AM

posted by:

Kenny W

xyunya,
The Hummer in the picture is a new Silver Ice Limited Edition. They should be in dealerships now. Give em a year or two & you should be able to pick one up dirt cheap :) .

04/30, 12:08 PM

posted by:

HemiRoadRunner

Look at this geek xyunya starting $H!T for no apparant reason, AGAIN. Nah, I think I’ll pass on the offer, xyunya’s mother gives me a hummer for free every night though. I’ll have to start charging her since she likes it so much. Bet you were wondering what that dribble was on her lips the other night you seen her didn’t you xyunya?

04/30, 12:09 PM

posted by:

LaCaLover

Why would you want one at any price? Just buy a T shirt and have “I am a gullible Twat” printed on it

04/30, 12:21 PM

posted by:

F451

I’ve been buying these at one cent for every ten dollars, and selling them as giant lawn logs for the kiddies to play on.

04/30, 12:45 PM

posted by:

400horseSS

xyunya, what kind of name is that, or is it the bitch off Street Fighter.

04/30, 12:47 PM

posted by:

400horseSS

The funny thing Chun LI, is that im making more money sitting at home than you crawling the streets of downtown, you little nut gobblin freak.

04/30, 12:48 PM

posted by:

HemiRoadRunner

Nah, from what I vaguely remember Street Fighter was cool. I think it’s the name off that $H!TTY game that came out when I was like 11 or 12, Clay Fighter, remember that p.o.s game?

04/30, 12:49 PM

posted by:

400horseSS

And im ejoying my new 50″ plasma too.

04/30, 12:50 PM

posted by:

HemiRoadRunner

I’m currently enjoying a hummer courtesy of xyunya’s mom. Gooooood work xyunya’s mom……..

04/30, 12:56 PM

posted by:

400horseSS

Its funny how these new ****s come to the blog talking old ****.

04/30, 1:00 PM

posted by:

nerfer

This came from CNW? Wow, they’re the folks that infamously said large SUVs were cheaper to operate per mile than a hybrid. Art Spinella must really be worried how to spin this one so that hybrids still come out looking bad, but I’m sure he’s up to the task.

And guys, could we kind of, just a little, sorta stay on topic here?

04/30, 1:01 PM

posted by:

HemiRoadRunner

I guess. I’m kind of new to blogging or whatever this is. I can’t believe how many geeks there are on here though. I thought they were suppose to be on those chat sites or whatever where they try to score with fat chicks on the internet?

04/30, 1:17 PM

posted by:

xyunya

HemiRetardRunner, I am sure you do enjoy it. She passed away 7 years ago, you necrophiliac. You are mounting 90 year old in the nursing home where you work and at that age they are confused. Watch out, don’t miss the clitoris and fall into ass hole cavity, while pleasuring her. On another hand you probably like it.

400SSdonkeys aren’t you gonna help your body? He need all the help he can master: old lady’s clitoris is bigger then his pimple(his mother calls it penis by mistake) and he can use yours pencil tool, otherwise he’ll be forced eating her till cows come home.

04/30, 1:33 PM

posted by:

400horseSS

Thats 400SSdonkeydick, thank you.

04/30, 1:36 PM

posted by:

planet_drive

I can’t imagine anyone being stupid enough to buy a large suv. Even with 2 yr old hummers costing about as much as a brand new base accord or camry, its still a stupid idea to buy a giant suv. GM was so stupid to invest so heavily in redesigning their big trucks, so is it a wonder that they are losing so much money and laying off so many workers? Anyone buying a hummer deserves to make the tough choice between buying gas or groceries.

04/30, 2:35 PM

posted by:

FordTaurusForever

planet_drive I could’nt agree more. Hummer is first off one of the Ugliest vehicles I have ever seen on the road. GM fixed the problem that it was uglier than sin. Now its just Ugly and still way to BIG! It was meant to be a military vehicle not a people hauler, but don’t tell that to the GM faithful- who because Arny got one they had to have one too and be just a big of an idiot. Well yeah the governator can afford it though. But the sham is he’s getting a total electric now and he’s got the cash on hand to do it and then some!

I actually ran into someone that was dumb enough to actually complain that their HUMMER does’nt get good gas mileage. I mean how dumb can you be. Its the size of a BUS you moron. come on. Obviously their are enough dummies to buy one.

04/30, 3:00 PM

posted by:

xyunya

FordTaurusForever, you’ve met 400SSdonkeydick in person and he could speak?

04/30, 3:02 PM

posted by:

shaver

GM still makes more money on every Tahoe and HD then it does on 2 Malibus, Colbalts and Aveos. So a pricey redesign was smart necessary and profitable.
And everyones sales are down and laying off workers, open your eyes. Acura sales are down so far they are second to only Hummer in sales decline.

04/30, 4:32 PM

posted by:

FordTaurusForever

xyunya no never did and never plan to. First off 400SS Small Tool has a problem forming complete sentences and a complete thought much less speaking normally to anyone. So why do you ask if I spoke to this Inbred SOB? Hmmm.
He’s not a communication pro if you know what I mean.

And by Judging his commentary he’s been playing way to many video games.

04/30, 5:35 PM

posted by:

400horseSS

^ nice comeback.

04/30, 5:37 PM

posted by:

xyunya

FordTaurusForever, you mentioned that you’ve met somebody dumb, and I could not imagine better candidate. Sorry, my mistake.

05/01, 4:28 PM

posted by:

lamboz get a life

xanadu is making friends without a guy whom calls himself FordTaurusForever, now that’s funny.

 
 
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