Do you think the bottom has fallen out of the used suv market yet?

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toynut

toynut

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I dont really care about gas millage, I quite enjoy driving around in my tank, but I have noticed alot more scooters and such on the road these days. I drove by eagle ridge pontiac and they are stuffed full of full sized trucks and h3's, I just saw an add at ace cars in poco for a 94 landcruiser for < $8000.

I am thinking the price of gas will likley stabilize just under $1.50 per liter, and that the price of these suv to keep going down a bit more.

When they start paying for me to take them away Ill get in line.
My wife thinks that the big 3 will start recalling trucks and crushing them.
 
toynut said:
My wife thinks that the big 3 will start recalling trucks and crushing them.
Click to expand...

I haven't heard it get that extreme yet but they do have a lot of low mileage used trucks out there that will have them hurting for a long time yet. Folks will be evaluating if they pay for fuel or for a more expensive economy car (the gamble on whether gas will go up or not).

I doubt the domestic SUV market is going to improve anytime in the near future (that includes the Sequoia). The 'Cruisers might be a little insulated from the crash, at least the diesel ones considering that you can get close to 30mpg out of a BJ60 if you are easy on the skinny pedal and they are made for off road not "mall cruising".
 
Big 3 missed the mark

The big 3 need to have developed a small block diesel, maybe about 200 -225hp, with an emphasis on fuel economy. Instead they are suffering their peril in the hp and ft/lbs of torque pissing contest they have been in for years, with the Powestroke, Duramax and Cummins. They never seem to learn - fuel efficiency always wins..
 
You ask a great question. The answer is, I don't think anyone really knows. It all depends on what the price of gas / diesel does. There are as many theories about where prices are going as theorists. IF the price continues to trend up over the long run, I think prices of SUV's will generally continue to fall. I've noticed that for example the Toyota 4Runner is selling at shockingly low prices (used). I saw a 2007 LTD with V8 on a dealer lot with about 30,000 km for $23,000. 10 months ago it would have been 10-12,000 more. You can actually pay less for a 4Runner than a Rav4. People are really leery about fuel guzzling vehicles now.

If you believe what the analysts say, prices will continually to slowly trend up. T. Boone Pickens was saying yesterday he believes oil will be $300 per barrel within 10 years. IF that happens, a litre of fuel will probably more than double and perhaps close to triple in price. At that point even a Honda Civic is a guzzler and we'll all be driving markedly different vehicles. But out here in the valley, SUV prices have been hammered and seem to be dropping steadily as dealers are having big trouble moving these vehicles.
 
Hi, Personally I would keep only cruisers in great shape dispose or part out cruisers in poor shape.There will always be a market for unique cars in great shape. How many people dump vetts,cobras or rolls royce autos! The cruisers are low production ,unique,quality and world wide cherished autos. Save energy other ways at home. Mike
 
Pretty soon we'll be driving plug-in electric vehicles around the city and saving our gas guzzling Corollas for occasional highway use. As it is now, I only insure my diesel Cruiser 6 months a year and only drive it maybe 6 times during that time. I ride my bike every day now.
 
What I do feel is we are not going to see fuel go back down to a buck anymore. It's going to sit around the 1.50 mark till we are used to it. And that doesn't take long. Then it will go up again.

Funny to say.... as I mentioned getting used to it.. When I drove to cruiser days I packed my own fuel for the down trip to offset the costs of the trip. While in Lower Mainland I bought fuel at 1.54 and even 1.56 I shrugged my shoulders and didn't worry much more about it. When I got back to Prince Geroge I fill up my tank to head to Smithers and the price there was 1.39 Quite a bit cheaper. It even felt like a bargain... Hows that for changing or accepting costs?

Also be prudent in your purchases. Diesel varies dramatically with in short distances at different stations. Buy where it is cheaper. If there is two choices at the pump for diesel and diesel max or whatever they call it, buy the cheaper. A cruiser doesn't know the difference.
 
A nice topic that is on everyone's mind these day (yet nothing is getting done). I have noticed that the prices for used vehicles, small or large, has been dropping over the last year but even more so for the larger ones and drastically in recent months. Ritchie Bros. Auctioneers (one of my contracts) usually has vehicles they auction off (unreserved), 2 months ago they had mid to early 90s Explorers on the ramp and they went for $500-$700 in pretty decent condition. most of the 5 ton cube trucks also around the mid 90s were going fo $9,000-$13,000 and even the diesels. They just had one and a great condition Mazda 4 door car (one of the "luxury ones") late 90s went for $600. The thing to look at as well is the fact that the overall cost of living is going up on a monthly basis so a lot of people are cutting back from the 2 or even 3 car families to just 1. I do agree, every used car lot I pass is now filled with large vehicles and they are going for about 1/2 of what they were selling 2 years ago. As for technology, here in North America and the States they are pushing for the Hybrids which in reality don't have as good of a fuel economy and have problems with battery disposal. In Europe, Asia, Africa, and pretty much every where but here they are still pushing small turbo diesels. I think it was Audi that tried getting into the US market with a great little turbo diesel car, so when the States saw that it barely even registered on the pollution output scale they said that the test were fake and didn't let them in. Maybe we'll wake up one day and finally speak up.
 
we'll be forced to wake up soon enough, at least the big 3 i'm sure, eventually we'll be like south america, asia, and europe with all the small/mid sized diesels....

here are popular AUV's in asia (asian utility vehicle): (not to mention all the diesel sedans we don't see besides the jettas and passats..)

ISUZU CROSSWIND
Model : Crosswind
Year : 2006
Type : AUV
Transmission : Automatic
Fuel : Diesel
capacity 10 seater


MISTUBISHI ADVENTURE
YEAR 2007
TYPE AUV
TRANSMISSION manual and automatic
fuel diesel and gasoline variants
engine: the same one you find in a mitsubishi galant
capacity 10 seater


TOYOT Revo
transmission automatic
fuel gas/diesel
2.0 litre
capacity 10 seater



that and the plantdrive and greasecar guys are gonna make a killing . . . even tho there isn't enough wvo/svo to fill all the diesels...that'll inturn turn into a new niche market to make up for high fuel costs....it'll all boil down to home brew fuel, hybrids, electrics...and the rare diesel. i just can't imagine what'll happen to all the mack/volvo/peterbuilt/etc. trucks out there (the thousands you see on the 401/transcanada feeding our economy).... lol, i just saw the movie "Wall-E" the other day...scary..

2cents
 
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