With gas prices on the rise, so, too, are the prices of small used cars:
In the past year, the average used small car price has gone up 2 percent, from $9,278 to $9,470, according to wholesale auto auction data collected by the National Automobile Dealers Association. There's evidence that prices are accelerating, according J.D. Power and Associates.
The Associated Press article, found among other places in the Indy Star, goes on to say SUV sales are on the decline:
The increases are in contrast to used full-size sport utility vehicles, whose prices have dropped $1,600 to $2,000 in the past year, said Paul Taylor, the association's chief economist.
The article also questions whether these high gas prices are here to stay.
It seems those still holding out in their big ol', gas-guzzling SUVs, are hoping for better days. They're noticing how much more it's costing to fill up, and many are driving less. They're talk about cheaper transportation...but it's just talk. But with each passing day of yet higher gas prices, they're inching closer to trading big bertha for a putter.
My only question...
Where do I put the kids, dog, luggage, groceries, bags of donatable clothing, shopping bags, stroller or golf clubs?