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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (19087)	9/27/2004 1:36:37 AM
From: ild	Read Replies (1) \| Respond to of 110194

Caveats for Trading In Your SUV Why Now May Be the Wrong Time To Sell or Trade In for a New Model September 27, 2004 Detroit auto makers are offering some eye-popping deals to get you to trade in your old sport-utility vehicle and drive off with one of many leftover 2004 models. But if you are thinking about answering the call, prepare for some bad news. Values for late-model, second-hand, large SUVs, such as the Ford Expedition, Chevrolet Suburban and Chevrolet Tahoe, are getting hammered, according to analysts who gather pricing data from the vast used-car market. ... The decline in trade-in values is even greater. Edmunds figures the average trade-in price for a 2002 large-model SUV was $23,356 in January. As of September, Edmunds estimates the same SUV would fetch $18,936, a drop of nearly 19%. Average trade-in values for midsize SUVs like a 2002 Ford Explorer are off by nearly 13%, according to Edmunds. more... online.wsj.com