Anyone want to buy an SUV? - DFWstangs Forums
 
LinkBack Thread Tools Display Modes
post #1 of 28 (permalink) Old 11-21-2008, 02:25 PM Thread Starter
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Anyone want to buy an SUV?

SUV sales warming up, and the deals are still there

By Shawn Langlois
Nov 21, 2008 15:14:00 (ET)


SAN FRANCISCO (MarketWatch) -- The steep drop in gas prices might not be enough to save Detroit, but cheaper fuel no doubt has made it easier for dealers to unload the trucks and SUVs that have been gathering dust ever since oil's record price spike this past summer.

That's not to say automakers are actually selling more of these vehicles than they were last fall. They're not. Everything from Ford's (F, Trade ) industry benchmark F-Series pickup to Toyota's (TM, Trade ) venerable Land Cruiser are still seeing big drops from a year ago.

But these days, that could be as much a function of the grim economy as anything else. Vehicle sales in general, including such hot offerings as the Prius hybrid and the perennial strong-seller Accord sedan, also have been hit hard.

In fact, October marked the worst month for car sales in 25 years, with GM's (GM, Trade ) 45% plunge leading huge declines for just about every manufacturer.

It's tough to discern trends in today's brutal environment where some rules just don't apply. But with automakers offering major incentives and gas prices careening back toward $2 a gallon, there's evidence that these highly-profitable beasts are regaining some traction.

"We saw this huge shift to smaller cars in May, but starting in June, there has been a gradual move back to the larger vehicles," J.D. Power & Associates analyst Tom Libby said.

He offered as proof the percentage of motorists who stuck with SUVs when shopping for a replacement vehicle compared with those who fled to smaller cars as fuel prices hit all-time highs.

In May, with gas topping $3.70 a gallon, only 9% of midsize SUV owners who traded in their vehicles bought another from the same segment, J.D. Power data showed. That number barely budged as gas approached a record-high of $4.11 a gallon in the middle of July, according to AAA.

But in August, when gas prices began their plunge, 20% of SUV owners went right back to their Highlanders, Explorers and Pilots. The same could be said for September, with that number leveling off a bit to 16.4% in October as gas closed in on $2.10 a gallon.

Libby said the market is unlikely to revive the heyday of big trucks or SUVs, but it also won't return to the stampede this spring into thrifty sedans and hybrids.

AutoTrader.com's monthly Trend Engine report, which tracks page views of specific models on its Web site, showed a spike in consumer interest last month in vehicles such as the Honda (HMC, Trade ) Pilot and Toyota Highlander.

"The jumps in page views on our site for some of these larger new vehicles may represent some pent up demand that is about to be realized in sales in the coming weeks or months," AutoTrader.com CEO Chip Perry said. "The fact that dealers and manufacturers are offering special pricing and financing on some of these larger vehicles can only help move that inventory."

During the decline of the SUV over the past few years, automakers maintained all along that gas prices would settle down and demand would come back. But none could have foreseen, nor prepared for, the breakneck pace at which gas reversed course.

George Pipas, Ford Motor Co.'s top sales analyst admitted as much earlier this month.

"At this point, our dealers, if taking a poll, would say now we've got maybe a need for more trucks in the months ahead to get those inventories lined up with where the demand is," he said. "That's partly a function of Ford scaling back production, but it also potentially reflects some pent-up demand for these kind of vehicles as well as other factors."

Essentially, buyers holding off in May and June are trickling back into the market to take advantage of steep discounts, but also because lower fuel costs help them justify buying a new sports utility vehicle that would have seemed fiscally irresponsible when gas was fetching $4.00 a gallon.

The boon for truck buyers is that while the cost of running the vehicle has plunged from record highs, the cost of buying one is still relatively cheap. Large trucks and SUVs offered the highest incentives as a percentage of sticker price in October and most major manufacturers have extended promotions such as zero-percent financing into November.

Even Toyota, in attempts to move some of their bigger vehicles like the Tundra and the Sequoia, is approaching record levels of incentive spending. In fact, the Sequoia SUV was one of the only vehicles in Toyota's lineup to score a sales gain year over year.

It might be too little too late for the reeling U.S. auto sector, but those in the market for a new truck or SUV are starting to take advantage of a silver lining in these desperate times.
AL P is offline  
Sponsored Links
Advertisement
 
post #2 of 28 (permalink) Old 11-21-2008, 02:27 PM
IA2
 
mikeb's Avatar
 
Join Date: Mar 2001
Posts: 22,413
Good Lord, people are short sighted

They'll be crying when it's back over $3 a gallon.
mikeb is offline  
post #3 of 28 (permalink) Old 11-21-2008, 02:30 PM Thread Starter
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Quote:
Originally Posted by mikeb
Good Lord, people are short sighted

They'll be crying when it's back over $3 a gallon.
I knew it would happen though, it happened last time.
AL P is offline  
 
post #4 of 28 (permalink) Old 11-21-2008, 02:32 PM
Cummins > Powerstroke
 
8mpg's Avatar
 
Join Date: Apr 2002
Location: id rather be cummin than strokin
Posts: 19,068
Yup.. people are lemmings. Quick to do something stupid without thinking of the future.

2006 Dodge Ram Megacab Cummins
1969 Mustang Coupe
1969 Mustang Mach1
1969 Chevy C10
1966 Mustang Coupe
8mpg is offline  
post #5 of 28 (permalink) Old 11-21-2008, 02:40 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
I'll admit that I've been tempted. Besides all the huge ass rebates, I get a GM employee discount because I work for EDS.

However I only "need" one car since I don't drive to work anymore and my wife stays at home. I "hope" to sell the Mustang next year (hope because resale values are through the floor) and be rid of a car payment. Fortunately it is just a 0% interest loan..

If I do buy another car, it is going to be a very fuel efficient NON hybrid. Long term I think we're going to see $5 a gallon gas by 2015. For now my wife's HHR (30mpg) gets the job done quite well....

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #6 of 28 (permalink) Old 11-21-2008, 02:42 PM
Resident Epicurean
 
Join Date: Mar 2003
Location: Irving
Posts: 23,270
It's seriously tempting, but my Expedition is paid for, and I REALLY don't want another car payment. I told myself when my wife's Murano was paid off, I'll never buy another brand new car, and never have another car payment. I paid cash for this Expy, and it's the only way to roll.

I don't give a shit about gas prices. Free gas FTMFW.
bcoop is offline  
post #7 of 28 (permalink) Old 11-21-2008, 03:17 PM
mannish boy
 
Cooter's Avatar
 
Join Date: Jun 2000
Location: drunk on diesel
Posts: 31,758
Quote:
Originally Posted by 8mpg
Yup.. people are lemmings. Quick to do something stupid without thinking of the future.
DONE! I just bought that Mega Cab
Cooter is offline  
post #8 of 28 (permalink) Old 11-21-2008, 05:39 PM
Token Union Member
 
Join Date: Aug 2002
Location: texas
Posts: 2,912
Quote:
Originally Posted by Cooter
DONE! I just bought that Mega Cab

Show the pics.

TRAIN TRASH it's like WHITE TRASH but with money.

My other vehicle is a Locomotive.

Don't cupple up without protection.
FreightTrain is offline  
post #9 of 28 (permalink) Old 11-21-2008, 08:42 PM
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Who wouldn't want to drive an SUV or truck over some little shit box Chevy Cobalt ???? Will fuel prices climb again ? I'm sure they will although I honestly never thought we'd see fuel prices at these levels again in my life time .
thesource is offline  
post #10 of 28 (permalink) Old 11-21-2008, 08:57 PM
Lifer
 
Join Date: Mar 2002
Location: South of the Red River
Posts: 3,332
Quote:
Originally Posted by Sgt Beavis
If I do buy another car, it is going to be a very fuel efficient NON hybrid. Long term I think we're going to see $5 a gallon gas by 2015. For now my wife's HHR (30mpg) gets the job done quite well....
I've got a 35mpg VW Passat for for work and for days off a black..01...

The VW is a 1.8L turbo five speed and hauls ass (relatively speaking of course).

Talk is cheap because supply exceeds demand!
black01gt is offline  
post #11 of 28 (permalink) Old 11-21-2008, 09:45 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
Quote:
Originally Posted by black01gt
I've got a 35mpg VW Passat for for work and for days off a black..01...

The VW is a 1.8L turbo five speed and hauls ass (relatively speaking of course).
I wouldn't mind having a Passat CC. But I'm thinking more in the lines of the next gen Ford Fiesta or Chevy Cuize (when they come out). But don't think I'll need a 2nd car for a quite a while. That's why I want to sell the 'Stang (even though it pains me to git rid of my favorite car).

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #12 of 28 (permalink) Old 11-22-2008, 08:07 AM
Lifer
 
Join Date: Mar 2002
Location: South of the Red River
Posts: 3,332
Quote:
Originally Posted by Sgt Beavis
That's why I want to sell the 'Stang (even though it pains me to git rid of my favorite car).
My stang will go to my grandson. He's 10 months old.

Talk is cheap because supply exceeds demand!
black01gt is offline  
post #13 of 28 (permalink) Old 11-22-2008, 09:45 AM
v2004 rebooted.
 
talisman's Avatar
 
Join Date: May 2002
Posts: 30,955
I'll pay $10 a gallon before I drive a fucking Prius.
talisman is offline  
post #14 of 28 (permalink) Old 11-22-2008, 02:34 PM
Lifer
 
BreedLove's Avatar
 
Join Date: Apr 2005
Location: Denton
Posts: 4,429
Quote:
Originally Posted by talisman
I'll pay $10 a gallon before I drive a fucking Prius.
way to keep your man hood. I'd rather have a fat wallet.

I'll show your president the same respect you showed mine.
BreedLove is offline  
post #15 of 28 (permalink) Old 11-22-2008, 03:43 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
Quote:
Originally Posted by BreedLove
way to keep your man hood. I'd rather have a fat wallet.
What fat wallet? A Prius starts at $22,000 but with decent equipment they price at about $25,000 or more. There are no incentives and the tax credits expired last year.

Sticker on a Honda Civic EX sedan with NAV is $22,000.

At today's prices you'll pretty much never re-coup any savings. Heck, even at $3.00 gas you most likely wont.

Another thing is the Toyota has said that the average life of the Prius' batter is expected to be about $100,000 miles. Not worth it IMO.

I will note that next year Honda is putting a new Insight hybrid sedan sale with pricing starting at $18000. Now that will be very interesting..

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #16 of 28 (permalink) Old 11-22-2008, 03:44 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
I should also mention that GM has stated that the 2010 Chevy Cruize will get 45mpg and it isn't a hybrid...

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #17 of 28 (permalink) Old 11-22-2008, 05:03 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by Sgt Beavis
If I do buy another car, it is going to be a very fuel efficient NON hybrid. Long term I think we're going to see $5 a gallon gas by 2015. For now my wife's HHR (30mpg) gets the job done quite well....
My Corolla gets 38mpg on trips and 32-33 around town and it was $10k less than a Prius. Plenty of room for 4 adults and luggage.

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #18 of 28 (permalink) Old 11-22-2008, 05:10 PM
Aspiring Bean Counter.
 
Slowhand's Avatar
 
Join Date: Feb 2006
Location: Howard Johnson's Earthlight Room
Posts: 12,279
Quote:
Originally Posted by BreedLove
way to keep your man hood. I'd rather have a fat wallet.
A Prius isn't going to fatten up your wallet.

Slowhand is offline  
post #19 of 28 (permalink) Old 11-22-2008, 06:55 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
Quote:
Originally Posted by BP
My Corolla gets 38mpg on trips and 32-33 around town and it was $10k less than a Prius. Plenty of room for 4 adults and luggage.
Exactly my point..

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #20 of 28 (permalink) Old 11-22-2008, 09:05 PM
mannish boy
 
Cooter's Avatar
 
Join Date: Jun 2000
Location: drunk on diesel
Posts: 31,758
Quote:
Originally Posted by BP
My Corolla gets 38mpg on trips and 32-33 around town and it was $10k less than a Prius. Plenty of room for 4 adults and luggage.
I'm going to call horse shit on "Plenty of room for 4 adults" on this one
Cooter is offline  
post #21 of 28 (permalink) Old 11-22-2008, 11:17 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by Cooter
I'm going to call horse shit on "Plenty of room for 4 adults" on this one
Well my brother is 250 pounds and his lovely wife is 300+, they happily rode in the back on a trip to Amarillo in June.

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #22 of 28 (permalink) Old 11-22-2008, 11:51 PM
T-MINUS
 
Sean88gt's Avatar
 
Join Date: Sep 2000
Posts: 28,540
Quote:
Originally Posted by BP
Well my brother is 250 pounds and his lovely wife is 300+, they happily rode in the back on a trip to Amarillo in June.
Jeez man, maybe they should look into a diesel. Swine should be hauled in the back.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


Sean88gt is offline  
post #23 of 28 (permalink) Old 11-23-2008, 07:51 AM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
Quote:
Originally Posted by BP
Well my brother is 250 pounds and his lovely wife is 300+, they happily rode in the back on a trip to Amarillo in June.
So they are into S&M ehh?

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #24 of 28 (permalink) Old 11-23-2008, 10:39 AM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by Sean88gt
Jeez man, maybe they should look into a diesel. Swine should be hauled in the back.
Actually he is a truck driver. Part of the reason he's gained so much weight. Tough to stay skinny when every time you stop for fuel there is a free buffet. Well unless you use meth of course.

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #25 of 28 (permalink) Old 11-23-2008, 01:39 PM
dead
 
Join Date: Sep 2002
Posts: 14,611
Quote:
Originally Posted by BP
Actually he is a truck driver. Part of the reason he's gained so much weight. Tough to stay skinny when every time you stop for fuel there is a free buffet. Well unless you use meth of course.

that might explain him but why is his wife 300+?
momo stallion is offline  
post #26 of 28 (permalink) Old 11-23-2008, 01:42 PM
Hood Approved.
 
CarrieNC17's Avatar
 
Join Date: Jul 2003
Location: Gasoline Dreams
Posts: 3,359
Quote:
Originally Posted by momo stallion
that might explain him but why is his wife 300+?
Ridealong?
CarrieNC17 is offline  
post #27 of 28 (permalink) Old 11-23-2008, 02:36 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by CarrieNC17
Ridealong?
Yep

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #28 of 28 (permalink) Old 11-23-2008, 07:46 PM
mannish boy
 
Cooter's Avatar
 
Join Date: Jun 2000
Location: drunk on diesel
Posts: 31,758
Quote:
Originally Posted by BP
Well my brother is 250 pounds and his lovely wife is 300+, they happily rode in the back on a trip to Amarillo in June.
they must be as big around as they are tall because there's no way in hell I'm going to be comfortable in the back of a Corolla for that long! hell, I'm barely comfortable in the front of one
Cooter is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome