JustRalph
11-29-2007, 05:28 AM
http://www.msnbc.msn.com/id/22010210/
http://msnbcmedia.msn.com/j/msnbc/Components/Photos/060103/060103_tahoe_hmed_12p.hmedium.jpg
Many people who dumped their SUVs when gas prices really spiked have realized they need the space they had when they were driving big vehicles like the 2007 Chevrolet Tahoe shown here.
By David Welch
updated 3:19 p.m. ET, Wed., Nov. 28, 2007
With oil prices flirting with $100 a barrel, who in the world would want a large, gas-guzzling sport-utility vehicle?
Quite a lot of people, as it turns out. In the used-car market, at least, demand for midsize and large SUVs is surprisingly strong. While still far below the boom years of the late 1990s and the early part of this decade, it's proof consumers' yen for boulevard behemoths isn't dead.
Data from Black Book, a division of Hearst Business Media which tracks used-car pricing and resale values, indicate the average resale values for large SUVs are bouncing back from their 2006 low, says Ricky Beggs, Black Book's vice-president and managing editor.
~much more at the link~
http://msnbcmedia.msn.com/j/msnbc/Components/Photos/060103/060103_tahoe_hmed_12p.hmedium.jpg
Many people who dumped their SUVs when gas prices really spiked have realized they need the space they had when they were driving big vehicles like the 2007 Chevrolet Tahoe shown here.
By David Welch
updated 3:19 p.m. ET, Wed., Nov. 28, 2007
With oil prices flirting with $100 a barrel, who in the world would want a large, gas-guzzling sport-utility vehicle?
Quite a lot of people, as it turns out. In the used-car market, at least, demand for midsize and large SUVs is surprisingly strong. While still far below the boom years of the late 1990s and the early part of this decade, it's proof consumers' yen for boulevard behemoths isn't dead.
Data from Black Book, a division of Hearst Business Media which tracks used-car pricing and resale values, indicate the average resale values for large SUVs are bouncing back from their 2006 low, says Ricky Beggs, Black Book's vice-president and managing editor.
~much more at the link~