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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: energyplay who wrote (117397)2/3/2009 10:14:22 PM
From: ChanceIs2 Recommendations  Read Replies (2) of 206150
 
>>>Sharp decrease in Large SUVs, replaced with "cross over" car based SUVs.<<<

I would respectfully suggest being careful throwing this notion around. Certainly new SUV sales dropped through the floor. Conversely waiting times for new efficient cars ran out to a year - if you wanted one painted yellow.

I can make a very strong case based upon my eBay SUV searches, that the bottom has fallen out of the used SUV market. I would suggest that used SUVs have gotten so cheap that they would pay handsomely to drive even with $4 gasoline. The up front capital car cost has become quite small. At today's $2ish gasoline, the argument is even stronger.

Now the automakers are getting pasted and I understand that there are about 100 acres of brand new Mercedes sitting in the Port of Los Angeles begging for a new home. So it might be the case that these new - assumedly efficient - cars might ge pushed out and over the old cheap SUVs just to clear inventory.
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