In all honesty, this is poetic justice:
High fuel prices are causing the value of used SUVs to plummet, often below what's listed in the buying guides many shoppers use to negotiate with dealers.
As a result, some new-car buyers think they're getting cheated by dealers who are offering them little for their SUV trade-ins.
"The dealer is going to offer a price, and the customer is going to be ticked off," says Tom Webb, chief economist for Manheim, operators of auctions where car dealers buy their used-vehicle inventories. "The guidebooks have not caught up to the market," he says.
That 10 mpg SUV has helped raise the demand on oil and that has increased the prices. Now you are not only losing at the pump, but also at the dealership. Perhaps Americans will start thinking more about a little less car with a lot more fuel mileage.
Tagged:
Post new comment