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SUV prices dropping like a rock

If you like to drive SUVs, you might want to read on. Prices on SUVs are dropping like a rock, with sales down about one-third just in the last few months. As a result, there are two fantastic opportunities coming your way in this market. First of all, the supply of SUVs greatly exceeds the demand right now, so the deals in the used vehicle market are great. Secondly, new SUV prices are decent as well. So, if you can stand the gas guzzling prices, now is the time to buy. Now, the drop in SUV prices has caused the opposite effect in the small used car market, where prices have gone up in the past few months. The value of hybrids has escalated quite a bit, as well. So hybrids are going to be pricier right now. But don’t overreact to that news. In the next two years, hybrids will come in all sizes and prices will level out. But if you need to buy right now, you should consider buying a non-hybrid small car or, better yet, a used SUV.

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This week's poll
The high cost of jet fuel has a lot of people staying at home this summer instead of traveling. Is there a "staycation" in your immediate future?
Yes, I just can't afford a plane ticket and/or hotel room right now.
No, I've saved up all year just to get away for a bit.
Maybe, I have to wait and see how my finances pan out.
see previous polls


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