Consumers starting to 'right-size' purchases
Russell Ray - Tampa Tribune - June 12, 2007
Last month, Jeff Livengood placed an ad in the newspaper in hopes of selling his sport utility vehicle, a 2003 Ford Expedition.
The response: He hasn't gotten one offer, and his hopes of selling the SUV are fading.
As many owners of large SUVs and trucks are finding, the demand for used vehicles that burn up gas is drying up - fast.
"
Nobody wants a gas guzzler," Livengood said.
Times have changed since the Brooksville resident sold an SUV about three years ago. Back then, when gasoline prices were close to $2 a gallon, he sold the vehicle in less than a week. "I got full price for it, $11,900," Livengood recalled. "People were lining up to buy it."
…
[Read More]
Linear Mode
