http://www.cnn.com/video/#/video/living/2008/05/23/lawrence.suv.sales.cnn

5/23/2008 1:04:20 PM

damn

5/23/2008 1:10:46 PM

50k trucks worth 30 something, in less than three months = major pwnage.


I saw on TV that Ford is cutting SUV production drastically to avoid anymore over saturation of the market. They have like a 3 month supply of SUV's sitting unsold.

5/23/2008 1:14:09 PM

should just roll up and try to get a new diesel suburban for 25k

5/23/2008 1:41:03 PM

Yeah I bet they will suck your dick if you buy a full size SUV right now.

5/23/2008 1:45:11 PM

i just checked

you cant get the powerstroke in the 3/4 suburban

wtf

5/23/2008 2:15:08 PM

Quote :

"I saw on TV that Ford is cutting SUV production drastically "

about fucking time

i guess the wallet is the only way to make these zillions of idiots see the light.

5/23/2008 2:46:27 PM

i'm gonna wait until gas/diesel prices are high as shit and get a tow rig dirt cheap

5/23/2008 2:54:05 PM

Quote :

"powerstroke in the 3/4 suburban"

come again?

5/23/2008 2:54:13 PM

i tried to option a new 2008 suburban 3/4 ton and couldnt select the powerstroke diesel engine

all it would give me was the 6L gasser

5/23/2008 4:08:33 PM

yeah, i tried to get the 351c in a Cobalt, but it wasn't an option, either.

5/23/2008 4:12:09 PM

Quote :

"you cant get the powerstroke in the 3/4 suburban"

Normally, you CANT get a Ford engine from a Chevy vehicle.

GMC has not put their Duramax diesel in Suburbans either.

5/23/2008 4:15:27 PM

^ haha that's what I was going for

5/23/2008 4:26:21 PM

Oh snap. I'm gonna get a X5

5/23/2008 5:47:46 PM

I mean if you are looking for a loaded Tahoe or a navigator or something this summer is an excellent time to buy one.

5/23/2008 6:58:35 PM

oh my bad

im not up on my diesel terminology

5/23/2008 7:17:07 PM

and conversely, 10 year old GEO METROs are fetching $7K thousand bucks on ebay.



no joke, look it up. ok here, found it:

http://www.autoblog.com/2008/05/16/geo-metros-going-for-big-money-on-high-gas-prices/

Quote :

"We got a tip yesterday that Geo Metros were being auctioned on eBay Motors for prices above what the tiny cars cost new. This auction for a 1993 Geo Metro XFI with just 22,501 miles ended yesterday with a winning bid of $7,200! Why has the resale value of the Metro and other tiny econocrap cars gone through the roof? The simple answer: gas prices. Vehicles like the Metro, the Suzuki Swift on which it's based, Ford Aspire and Festiva, and Hyundai Excel were around before federal safety regulations and public pressure demanded that every car survive an impact from any angle with five stars. That kind of safety adds weight, and modern econocars are therefore much heavier and therefore less fuel efficient than they were in the early '90s. The aforementioned Metro XFI is powered by an anemic 1.0L three-cylinder engine producing just 49 hp, but it returns between 55 and 60 mpg."

here is the car:

5/23/2008 7:33:56 PM

Quote :

"before federal safety regulations and public pressure demanded that every car survive an impact from any angle with five stars"

Quote :

"between 55 and 60 mpg"

I mean, thats kind of funny if you think about it. You could save thousands on gas a year, but if you get in a wreck with a Tahoe or something, you get automatically pancaked.

5/23/2008 7:48:30 PM

the only good thing about this is that people looking for suv's and trucks are getting sick deals... If these prices keeps up i'm gonna pick up a chevy with a 454 and 4x4 for one hell of a price

5/23/2008 8:44:38 PM

Quote :

"Ford to cut truck, SUV production; profit future bleak From staff and wire reports Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the beleaguered U.S. auto industry, which is facing its worst sales in more than a decade. Dearborn-based Ford didn't rule out layoffs or plant closures as it retrenches in a slumping industry, saying it would release more details about its cost-cutting efforts in July. Ford cut its forecast for U.S. light vehicle sales this year to between 14.7 million and 15.1 million, down from 17 million as recently as 2005. If sales drop as low as 14.7 million, it would be the slowest year for U.S. vehicle sales since 1993, according to Ward's AutoInfoBank. Ford said it will cut North American production by 15 percent in the second quarter, 15 to 20 percent in the third quarter and 2 to 8 percent in the fourth quarter. The cuts will primarily affect pickups and sport utility vehicles, which have seen sales plummet in recent months because of rising gas prices. Noel Daniels of Gray-Daniels Ford, Lincoln Mercury in Brandon said the volume adjustments won't affect his ability to stock trucks. "The thing they're cutting back more is the bigger trucks, the F-250 and F-350. They just have to get more into the car market," he said. Daniels said Ford makes sure to supply the Jackson-area dealers with plenty of trucks because they're the largest-volume dealers in the state and the F-150 is the most-popular vehicle. Ford on Thursday also announced employee pricing on all F-series trucks through early June, he said. "We may not get a lot of hybrids, Escapes and Mariners. They're popular and we sell every one that hits the ground. The market is off nationwide, our car sales are doing OK and starting to pick up. Focus is quite popular and all our cars get good gas mileage," Daniels said. "What it is, they're going to try to make what's selling. If things switch back in terms of gas prices, you'll see them pick right back up on production." Production cuts hurt automakers' revenues because the companies book vehicles as sold when they leave the factory. "We all would like the basic business environment to not have deteriorated, but clearly the most important thing we can do for the long-term success of the Ford Motor Company is deal with this reality," Ford President and Chief Executive Alan Mulally said Thursday."

5/23/2008 9:00:10 PM

Quote :

"LOS ANGELES, California (CNN) -- Jorge Fernandez strolls across the used-car parking lot littered with dozens upon dozens of sport utility vehicles the size of small tugboats. SUVs like these are having a tough time selling with gas prices at all-time highs. 1 of 2 With gas at $4 a gallon, many have sat there since last summer. "The cars are literally just sitting, and it doesn't matter how much you sell them for," Fernandez says of the SUVs and trucks nobody wants anymore. "It's amazing. I've never seen it this bad -- ever." Fernandez, a wholesale auto dealer who has been in the business for more than 20 years, says SUV owners are hit especially hard. The really large ones with V-8 engines that can get as little as 12 miles per gallon in the city -- like the Cadillac Escalade, Ford Expedition and Chevy Suburban -- are dropping in value by the thousands. Watch the sinking value of guzzlers » The No. 1 reason for the sales slump is soaring gas prices, says Peter Brown, the executive director of Automotive News, the trade newspaper for the North American car industry. For the first four months of this year, truck and SUV sales are down a collective 24.8 percent. SUV sales plummeted 32.8 percent while pickups dipped 19.9 percent, he says. "If gas prices stay where they are at or continue to rise, the body-on frame SUV is an endangered species and the pickup truck as a personal car is an endangered species," Brown says. How do owners react when they're told their once-$40,000-plus vehicles are now worth less than half that? "When they find out what you think their truck is worth, they think you're trying to rip them off or something," says Fernandez. "Small cars are gone within a week; SUVs are sitting here since last summer." David Lavi, the owner of a Toyota Tacoma pickup, is feeling that pinch. He put his truck on the market several weeks ago in hopes of downsizing. He bought it brand new in 2006 when gas prices were much lower. "Once I do sell it, I'm going to get a smaller car -- maybe a Nissan Maxima or something smaller," he says. He's hoping to get $23,000 for the fully loaded truck, which is higher than the estimated Kelley Blue Book value of $15,000 to $19,000 depending on how many amenities it has. "No one has offered what I want," he says. Automakers have noticed this trend to downsize. Ford announced Thursday it was shifting production away from its longtime hallmark of pickups and SUVs in favor of smaller cars. In making the decision, Ford said it believes gas prices will remain in the range of $3.75 to $4.25 a gallon through the end of 2009. "We saw a real change in the industry demand in pickups and SUVs in the first two weeks of May," Ford chief executive Alan Mulally said Thursday. "It seems to us we reached a tipping point." Brown of Automotive News said he wouldn't be surprised if General Motors and other automakers follow suit. According to AAA, gas prices reached another all-time high Friday, with the national average price for a gallon of regular unleaded gasoline at $3.87. Seven states are now over $4 a gallon, AAA says. How much do you need to work to pay for your gas? » Stories of owners ditching larger vehicles for smaller ones have started to become widespread. Owners say they're tired of spending as much as 80 to 100 bucks to fill up their tanks. Some CNN.com users recently shared their stories of buying used Geo Metros -- the oft-maligned, snail-sized car from the 1990s that gets gas mileage similar to a hybrid of today for a fraction of the sticker price. "I used to be a car snob, and I used to be too vain to drive anything that doesn't shine," said Marci Solomon, an electrician who has a 100-mile commute to and from work. "But now it's about, do I want to eat, or do I want to make it to work? I want to do both." But some auto experts caution owners against trading in their SUVs and trucks to save money at the pump because it may not be the wisest financial decision. Owners might owe $20,000 or more when the vehicle is now worth $12,000. It's similar to an upside-down mortgage, and it may not make sense to try a trade-in. "What they might be doing is spending thousands of dollars to save hundreds," says Jack Nerad, the executive director of Kelley Blue Book's kbb.com. "Because if you make a trade, you're most often going to spend more to make that move than you would just sucking it up and paying the extra gasoline prices." Back at the Los Angeles lot, Fernandez says he thinks the trend away from SUVs and pickups is here to stay. "Just when you think that it's going to change any day now, it doesn't. It just continuously gets worse," he said. "

http://www.cnn.com/2008/LIVING/wayoflife/05/23/dumping.suvs/index.html

5/24/2008 1:43:32 PM

and i PWN gas prices. ~100 mpg at indicated 60 kay pee eich




[Edited on May 24, 2008 at 2:43 PM. Reason : .]

5/24/2008 2:39:45 PM

and look gay as shit doing it.

Theres a Geo Metro on the lot at Saturn of Cary... it looks rather funny being a 15y/o car sitting next to nearly new cars... I didn't bother looking at th price b/c we were just driving through

5/24/2008 4:54:34 PM

my 99 civic ex with every option AND A FIVE SPEED is worth as much as I bought it for 2 years ago I'd assume. only 110k on it and I drive 2.5 miles to work

5/24/2008 5:20:43 PM

[Edited on May 31, 2008 at 10:10 PM. Reason : psi]

5/24/2008 5:40:09 PM

5/24/2008 7:19:08 PM

what's crazy is unless you're replacing your suv with a geo metro, you won't see a savings comparable to this type of price drop-off

5/24/2008 7:56:29 PM

Haha, people bailing out of their SUV purchase because they can't afford the gas make me laugh. The short-sighted nature of people in general makes me laugh.

To buy a $40,000 vehicle and then cut and run when your $3500/year bill for gasoline rises up to $5000 or more in a year... I suppose it's even better that they're trying to sell the vehicles now when they're worth absolutely nothing to the market. I guess some people really are just that short-sighted that they allow this to happen to themselves.

Now would be a great time to pick up a used boat-hauler for the weekend. Maybe give it a little more time so people become a bit more desperate to get rid of their cars, then you could really gouge them for their mistakes.

5/24/2008 10:05:20 PM

WTF

2001 Toyota Rav4 EV fetches a record $89,200 on eBay!

http://offer.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewBids&item=230254014549

(check out the bidding history for a lot of WTFs)

Quote :

"The Toyota Rav4 EV we brought to your attention the other day has sold on eBay with the auction winner making a final bid of $89,200. We have seen the Rav4 EV bring in over $50,000 on eBay before and they've even reached up to almost $70,000 but this may very well be a new record. Perhaps it was the extra goodies included in the deal such as the wall-mounted Magnecharger and the spare pair of new tires. Maybe it was the low mileage or the high price of gas (We are pretty sure it wasn't the factory-installed cassette tape player). Whatever the motivation, the new owner went up $100 mere seconds after the next highest bidder had upped the ante by $10,000 ending a very spirited bidding war."

5/30/2008 7:07:40 PM

Quote :

"He's hoping to get $23,000 for the fully loaded truck, which is higher than the estimated Kelley Blue Book value of $15,000 to $19,000 depending on how many amenities it has. "No one has offered what I want," he says. "

what an idiot.

5/30/2008 9:03:51 PM

dude gas could be free and you still won't get above book value

deeet dee deeeeee

5/31/2008 7:10:01 AM

friend of mine picked up a 96 Civic LX 5 speed with 120k miles on it for $1900 (was running rough, just needed a new distributor like half the civics of that era) back in January or so, right before gas prices really started ramping up. I bet that thing is worth like $4000 now...

5/31/2008 10:05:06 AM

I live right next to work... maybe i should pick up a range on the cheap and hope gas prices fall.

5/31/2008 10:56:28 AM

i wish gas cost 30 dollars a gallon so you fucks would have to walk like i do

5/31/2008 10:59:46 AM

^ If that happened, you'd see Americans get out their guns and stand outside the Capitol.

Dodge Ram sales are struggling heavily right now as well.

5/31/2008 7:47:07 PM

Drunkn' people would start biking, using public trans, or even ride horses again.

By that point, I'm sure we will have switched to .......... for fuel.

5/31/2008 8:42:45 PM

When are gas prices going to PWN boat values? I still ain't got no Wakesetter.

5/31/2008 9:07:34 PM

Fuck motorboats, anyway.

5/31/2008 9:09:34 PM

That's crazytalk.

5/31/2008 9:12:26 PM

Quote :

"and look gay as shit doing it"

maybe, but im still WAY ahead of the traffic within city limits. i know who feels gayer, the guys with hemi badges crawling with the traffic, getting smoked by a fuckin scoot.

put some speakers and a sub on it this past weekend btw, also rode it through three states to WV. must have put like 5 bucks worth of gas in it. good times

5/31/2008 10:39:30 PM

my wife is going to keep driving the old Town Car. it gets about 23 mpg and a wreck isn't an automatic death sentence. I thought about getting some beer can car that gets really good mileage, but they just don't have enough steel around you to give you protection.

5/31/2008 10:55:22 PM

Quote :

"friend of mine picked up a 96 Civic LX 5 speed with 120k miles on it for $1900 (was running rough, just needed a new distributor like half the civics of that era) back in January or so, right before gas prices really started ramping up. I bet that thing is worth like $4000 now..."

I paid 2000 for my civic and get offers above 3500 weekly.

I don't know how serious they are, but its annoying enough for me to think about a NOT FOR SALE sign.

6/1/2008 7:46:56 PM

Layoffs/Plant Closings

http://www.foxnews.com/story/0,2933,362202,00.html

6/3/2008 9:26:12 AM

got to feel really bad for the people who's jobs are effected/lost.

6/3/2008 9:39:07 AM

while scooter sales go up 24% on average (more like 240% in raleigh, according to tripleD)

http://cityroom.blogs.nytimes.com/2008/06/02/as-gas-prices-soar-so-does-the-scooters-popularity/?hp

6/3/2008 9:42:57 AM

I have noticed a hell of a lot of scooters on the road as of late.

6/3/2008 9:45:30 AM

looks like a good time to buy me a 2500hd duramax, big red is gettin sold to some redneck for way too much in about a month

6/3/2008 9:50:54 AM

^

6/3/2008 10:01:54 AM

yeah I'm seriously starting to think about getting a motorcycle. the more people I see on the road on bikes and scooters makes me feel it will be safer.

6/3/2008 4:46:11 PM

I, TOO, JUST PURCHASED A SCOOTER

and i already had a 35mpg saturn

my dad's '91 3/4-ton suburban (which he uses for work) is hitting pretty hard, though

[Edited on June 3, 2008 at 5:23 PM. Reason : .]

6/3/2008 5:22:11 PM