I Want My Escalade Back: Residual Sales Figures Rising for Large SUVs
With gas and oil prices setting record highs on a regular basis these days, the bulk of automotive good news has been ballooning interest in small cars. Black Book, a company which tracks used car pricing and resale values, has found that demand for used midsize and large SUVs is surprisingly high.
(Click through the jump to read more or on the thumbnails below to check out a gallery of a truck that wants owners to have it both ways, the Cadillac Escalade Hybrid.)
Black Book’s managing editor Ricky Beggs claims that large SUV resale values are in the midst of a bounce back from the record lows of 2006. Business Week figures back up Beggs, saying that large SUV residuals have risen to 48.6 percent of their original sale price, up from 46 percent last year, a figure on par with the values associated with midsize cars and small SUVs.
So what gives? Beggs speculates that large SUV drivers of recent years have gotten into smaller models and crossovers, only to find that they lacked space that was truly useful. Even more compelling to many, is the fact that the difference in economy between large and small SUVs isn’t nearly as great as was believed by former owners.
In the battle between large and small SUVs, does the advantage of size outweigh a modest gain in mpg? Have your say in comments.
Comments
I Want My Escalade Back: Residual Sales Figures Rising for L
[...] In the battle between large and small SUVs, does the advantage of size outweigh a modest gain in mpg? Have your say in comments. [...]
The Stig
Maybe for people that wanted them and couldn't afford them new, are finding them affordable as used vehicles. That would drive up demand and resale.
Jeb
That's definitely true, Stig...when I was at CarMax over the summer, it seemed like every third customer through the door was there to look at mid- to full-size SUVs.
Mena
I agree also Stig. The prices used put the SUV's right where they're affordable.
Rgb2cmyk
The whole green thing is a fad. We'll be back to bigger is better in no time.
Joe
With gas prices at $3 or so, people that do not really need a SUV will give it up eventually. Their bank account may tell them do so.
Paul In Jersey
There's nothing that screams "status" like driving a rig that gets 12 mpg when gas costs $3 per gallon.
chris
America likes their big car and trucks, regardless of the price of gas. I will always have one, I just feel safer, and I like the room a large SUV gives.
Ducati Minor
I see we need $6 a gallon gas.
Jim
Honda and BMW have the right idea with hydrogen power. Maybe in 10 years we can look forward to every Exxon-Mobil station with hydrogen pumps, and hydrogen-powered SUVs from GM and Ford.
hwyhobo
And the hydrogen will be produced in plants burning oil or coal? ;)
Until we have nuclear power plants everywhere supplying energy, the pretense of using alternative fuels is just that.
Post new comment