SUV values tanking....

[crv16]

I was discussing trade in values with the sales manager at my Honda dealer, and asked him about SUV values.  He laughed.  He said that a few weeks ago, he'd pay $10 grand for a 2000 Suburban.  That's down to $7000 now.  He also spoke about a customer they had the other day who recently bought a 2005 Tahoe, and was looking to get out of it.  He was $10,000 upside down.   :o

On the flip side, trade in values for 4 cylinder cars are pretty darn good.

[BMWDave]

I feel really bad for that guy who bought the Tahoe...

[Raghavan]

oh jeez...

[thewizard16]

That sucks. I guess if I were going to be needing a big suv, now would be the time to buy used.  

[Speed_Racer]

Ugh...I heard that its getting increasinly hard to sell your SUVs too. So if you have one, you may be stuck with it for some time.

[giant_mtb]

Go figure.

[Catman]

These people trying to off load right now are being knee jerk.  In a few weeks gas will come down and no one will complain.

[Laconian]

This is most good news. My brother's actually planning on buying a truck as he and his Mickey-D's franchise owning coworker are going to tap the traps for fry oil.

[Tom]

It's retarded to sell your SUV now.  It would be smarter to take the gas hit for a while till it cools down.  On the other hand, now's the time to buy folks.  I'm already seeing F-150s cheaper on ebay.  Woohoo.

[Tom]

This is most good news. My brother's actually planning on buying a truck as he and his Mickey-D's franchise owning coworker are going to tap the traps for fry oil.

Nice   The exhaust smell will be a portable ad for his french fries  

[280Z Turbo]

These people trying to off load right now are being knee jerk.  In a few weeks gas will come down and no one will complain.

Yep. That's just it.

As long as it goes up slowly, the prices don't seem bad to SUV drivers.

[TBR]

$10k for a 2000 Suburban? It must have had very high miles.