I am seeing ads for 3 year old and under SUVs in $3K – $6K range. SUVs have practically lost all their value. So, that $30K “deal” may be 10 times too dear! I saw a dealer advertised new Jeeps for $9995.
Be patient, those $45K deals will reach half and may be even quarter price once GM goes into liquidation.
This is from your link!
And finally, GM’s SUV segment is on the verge of becoming obsolete, eating away at the company’s profit potential, he said. A drop in auction pricing provides the clearest evidence that demand has all but dried up completely. Murphy noted that large SUVs aren’t even attracting any bids most of the time and many dealers won’t even take them as trade-ins.
