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Article: Big car (glug glug) glut.(Business)(With high gas prices, local dealers find thirsty SUVs, trucks a hard sell)
- Article from:
- The Register Guard (Eugene, OR)
- Article date:
- May 12, 2008
CopyrightCOPYRIGHT 2008 The Register Guard. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tim Christie The Register-Guard
An Excursion, Escalade or Hummer may have seemed like a good idea back in the olden days, when gas cost less than $3 per gallon. But with prices rapidly approaching $4 per gallon, consumer demand for those roomy, powerful and thirsty SUVs is plummeting.
New-car dealers are having trouble selling the big sport-utility vehicles, even with generous incentives from manufacturers, and owners who want to trade them in for something more fuel efficient are finding their rigs' value has gone way down.
"We have seen the big trucks and bigger SUVs kind of stall as far as sales," said Lisa Larkin, general manager of ...