Jul 21, 2009 -- Unloved smaller cars are a deal now that gasoline is cheaper
In a complete reversal from last summer, the average cost of a used SUV or truck has actually gone up. This while used vehicle sales overall are down some 30% year over year!
Tribune News Service reports used SUV prices are up 26% and used truck prices are up 27% year over year. Seems like the national gas average of $4.11/gallon that scared people away from larger vehicles one year ago is now just a distant memory.
As you might expect, smaller vehicles are now going unloved in the marketplace, as the price at the pump continues on its downward slope. In one very telling illustration of what's going on right now, Toyota abandoned construction of a Prius plant in Mississippi in mid-project!
Now is the time to zig when others zag, if you can afford it. Some small new cars are selling for under $10,000! And used vehicles that are smaller continue to be a real deal.
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