With rising gas prices, SUVs suddenly have piss poor trade-in value:
According to a dealer…
“It’s a challenge,” says Adam Lee, president of the Lee Auto Malls dealerships in Maine. “How do you tell a good customer, ‘You paid $32,000 and now it’s only worth $17,000?’ “
According to the snarky…
Why, you should just hire some newly-under-employed Realtors®. They’ve had some practice at that kind of thing lately.
And I’ll bet people buying anything but a Prius will wind up scooting around with the pedal to the metal, and fare little better mileage wise.
UPDATE: More on driving habits here and here.
UPDATE 2: Sadly, more are choosing to live in their storage units.