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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (123807)	5/18/2008 11:01:00 PM
From: Les H	Read Replies (2) \| Respond to of 306849

15-yr old econoboxes rise as much as 545% in resale value Some of the nerdiest-looking cars in recent automotive history are making a comeback, at least in resale value, as a growing number of value-driven drivers put gas thriftiness ahead of image. Early-1990s econoboxes such as Ford Festiva, Hyundai Excel and Geo Metro — once the punch line of jokes — have seen their used car prices climb from giveaway levels as low as $1,100 a few months ago to upward of $6,000 today, Kelley Blue Book says. "Remember that nerds will rule the world someday," says Phil Skinner, collector car market editor for KBB, the popular used car price-tracking service. He says prices have risen up to 30% for the low-end 15-year-old jalopies. usatoday.com