Don't Like The Offer For Your SUV
Don't Like The Offer For Your SUV
Sport utility and recreational vehicle owners are getting hit twice by higher crude oil prices; not only are they being hit by the higher operating costs to run these vehicles with the prices of gas, but also by it's quickly depreciating value that are put on these vehicles.
All across the country, car and truck dealers are feeling the new reality as their beautiful, fully-loaded sport utility vehicles collect dust in their lots. The old proverb of, "can't even give them away," seems especially fitting, as Americans are now neglecting the low mileage SUV's, and turning to the hybrids and higher fuel efficiency models instead.
Car dealers have been stung by the SUV/RV inventory glut, so they don't want any more vehicles that they can't sell. So when people come in with these SUV's to try and trade them in, they are getting low ball offers. This in-turn hurts sales for the new fuel efficient vehicles because many of these trade-ins would be buyers, but they can't even afford to make the purchase without a decent trade-in value. Manufacturers have stepped up to the plate to try and increase sales of these hybrid cars with rebates and special offers, but not every model or every deal qualifies.
So if there's no help at the local car dealer, what's an SUV/RV owner supposed to do when they want to get rid of their vehicle? Many have turned to their local newspaper's classified ads for relief. But, a quick scan of just about any newspaper's classifieds quickly illustrates the abundance of SUV's and RV's currently on the market. The result of this, of course will further drive down the price. At this point, even low miles and excellent condition on a car seem to have little to do with what you can get out of an SUV. The resounding answer seems to be, that you're not getting much at all, especially when contrasted with hybrids.
Another option does exist and an increasing number of SUV/RV owners are experimenting with selling their vehicle on the Internet. eBay and other online buy-sell forums offer a new type of classified ad. Many of these are interactive and follow an auction bidding process. With this process, you determine what you want to start the bidding at, and you can set a price for someone to "buy it now." At the same time there is no guarantee that your vehicle will sell either. But at least there is an alternative worth exploring.
Like all dark clouds, the days of "can't give them away," for SUV's and RV's will eventually pass and America will return to it's can't get enough of the bigger, bolder, go-anywhere, do everything vehicle. We've been through these cycles before and we'll be likely to continue to go through them in the future. This suggests that if an SUV owner has enough strength in them to ride out this storm, this may indeed be their best strategy for beating the accelerated depreciation we currently experiencing.
Pictures/SnapShot :
Sport utility and recreational vehicle owners are getting hit twice by higher crude oil prices; not only are they being hit by the higher operating costs to run these vehicles with the prices of gas, but also by it's quickly depreciating value that are put on these vehicles.
All across the country, car and truck dealers are feeling the new reality as their beautiful, fully-loaded sport utility vehicles collect dust in their lots. The old proverb of, "can't even give them away," seems especially fitting, as Americans are now neglecting the low mileage SUV's, and turning to the hybrids and higher fuel efficiency models instead.
Car dealers have been stung by the SUV/RV inventory glut, so they don't want any more vehicles that they can't sell. So when people come in with these SUV's to try and trade them in, they are getting low ball offers. This in-turn hurts sales for the new fuel efficient vehicles because many of these trade-ins would be buyers, but they can't even afford to make the purchase without a decent trade-in value. Manufacturers have stepped up to the plate to try and increase sales of these hybrid cars with rebates and special offers, but not every model or every deal qualifies.
So if there's no help at the local car dealer, what's an SUV/RV owner supposed to do when they want to get rid of their vehicle? Many have turned to their local newspaper's classified ads for relief. But, a quick scan of just about any newspaper's classifieds quickly illustrates the abundance of SUV's and RV's currently on the market. The result of this, of course will further drive down the price. At this point, even low miles and excellent condition on a car seem to have little to do with what you can get out of an SUV. The resounding answer seems to be, that you're not getting much at all, especially when contrasted with hybrids.
Another option does exist and an increasing number of SUV/RV owners are experimenting with selling their vehicle on the Internet. eBay and other online buy-sell forums offer a new type of classified ad. Many of these are interactive and follow an auction bidding process. With this process, you determine what you want to start the bidding at, and you can set a price for someone to "buy it now." At the same time there is no guarantee that your vehicle will sell either. But at least there is an alternative worth exploring.
Like all dark clouds, the days of "can't give them away," for SUV's and RV's will eventually pass and America will return to it's can't get enough of the bigger, bolder, go-anywhere, do everything vehicle. We've been through these cycles before and we'll be likely to continue to go through them in the future. This suggests that if an SUV owner has enough strength in them to ride out this storm, this may indeed be their best strategy for beating the accelerated depreciation we currently experiencing.
Pictures/SnapShot :
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