October 04, 2005

Want an SUV?

As I predicted earlier, high gas prices have hit SUV sales like the plague. All auto manufacturers saw significantly lower sales in September.

What does this mean to consumers who actually NEED a gas-guzzling SUV and can handle the cost of fueling it?

Great bargains can be had.

Not only are dealers eager to sell their existing inventory but manufacturers are helping out with behind-the-scenes factory-to-dealer incentives as well, especially on 2005 models. Expect to get below-invoice prices on some of the larger SUV models. Dealers don't want to get stuck with products that will be even harder to sell if gas prices increase any more in the future.

On the other hand, if you don't need an SUV and are now leaning toward a smaller, more economical vehicle, you should consider getting yours before the rush. Hybrids are going to be the "hot" vehicles in the coming months. Soon, manufacturers are going to be introducing very small fuel-efficient sub-compacts, now common in Europe, for the cost-conscious crowd.