TITLE

As gas prices rise, prices of used SUVs fall

AUTHOR(S)
Sawyers, Arlena; Kachadourian, Gail
PUB. DATE
June 2006
SOURCE
Automotive News;6/12/2006, Vol. 80 Issue 6207, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the impact of the rise in fuel prices on the used-vehicle market in the U.S. As gasoline prices rise, most customers understand that trucks with poor fuel economy cannot command premium prices. Prices of used sport utility vehicles (SUVs), especially mid-sized models, are slumping as gasoline prices escalate. Dealers say that many consumers are trading in their SUVs for more fuel-efficient new and used cars. Falling used-truck prices eventually will hurt sales of new vehicles, too. Big SUVs take most of the heat for poor fuel economy.
ACCESSION #
21300808

 

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