SUVs r dead, long live SUVs

[Apollo]

SUVs plunge toward 'endangered' list

From Chris Lawrence

CNN

 

LOS ANGELES, California (CNN) -- Jorge Fernandez strolls across the used-car parking lot littered with dozens upon dozens of sport utility vehicles the size of small tugboats.

 

With gas at $4 a gallon, many have sat there since last summer.

"The cars are literally just sitting, and it doesn't matter how much you sell them for," Fernandez says of the SUVs and trucks nobody wants anymore.

"It's amazing. I've never seen it this bad -- ever."

 

Fernandez, a wholesale auto dealer who has been in the business for more than 20 years, says SUV owners are hit especially hard. The really large ones with V-8 engines that can get as little as 12 miles per gallon in the city -- like the Cadillac Escalade, Ford Expedition and Chevy Suburban -- are dropping in value by the thousands. Watch the sinking value of guzzlers

[Legend]

so will it affect the prices of SUVs locally?

Dramatic falls in prices?

[Furrynadz]

cherry kill kill owners will rejoice

[Cavver]

Why ?

[Blurred]

$4 per gallon???

 

hmm...convert to SG lets see how much

 

USD$4 = 4 x 1.38 = SG$5.52

 

1 Gallon = 3.8L

 

1 L = SG$5.52 / 3.8L

 

= $1.452 per Litre.... thats even much much cheaper than our diesel...

 

we kenna by our cartels liao...

[Legend]

same goes to 刻力沙 owners too

[Kelpie]

so will it affect the prices of SUVs locally?

Dramatic falls in prices?

 

This topic has already been discussed. Bascially, Singaporean buy SUV partly for "snob" appeal, want that high up feeling and a false sense of security that come with a taller and bigger car. I doubt the impact is great here. A study was made in Canada that most Asian origins would likely to buy SUVs.

 

Regards,

[Legend]

ya, i remember reading an article saying that even when oil prices

is rising but in U.S the oil prices ain't that expensive compared

to other countries.

[Gary84]

when i looked at the title of this thread, i tot u were refering to our situation in SG

[Kelpie]

when i looked at the title of this thread, i tot u were refering to our situation in SG

 

If we look at the many MPVs/SUVs on our roads, we can only tell that Singaporean generally like big cars. Poor me, still driving a small car .

 

Regards,

[Legend]

I'm one of them who like big and spacious car but hor

i cant afford to have one. so still stuck with a small

and squeezee car.

[Qpik]

though gas is cheaper in States compared to Spore, long distance commute can hurt the pocket real bad.

 

so doesn't mean that places with cheaper gas is better off than S'pore.

[Schneider79]

They have oilfields in Texas... somemore they dig canada's and alaska's oilfield also...

 

their reserve crude oil is billions in tonne... IIRC...

[Legend]

yup, i heard their taxes is like

[Marquee]

That's true beisdes their cost of living is high too.

[Kelpie]

That's true beisdes their cost of living is high too

 

Their pay also world class . Next moment people will say they have higher income tax .

 

Regards,

[Qpik]

With the increase in petrol, has anyone seen a significant drop in vehicles on the road in Spore?

 

Or less SUV/MPV in particular?