Glut of Hummers – Dealer Hiding them at Hotel

[powayseller]

Too funny. This story from TheMessThatGreenspanMade is about a car dealer hiding the overflow of hummers in a hotel parking lot.

Check out Tim’s photos of 300 Hummers, hiding in a hotel parking lot…

[PD]

I noticed that the original post was last fall. I wonder what has happened to his inventory since then? I bet there have been some “great deals.”
Perhaps we might finally have some significant interest in alternate energy and fuel. Industry has not fully committed because they are only interested in what sells. I have thought for a long time that we should be taxing gas at a higher rate to discourage over consumption, pay for R&D and create demand for cars with much better gas mileage. Gas is considerably more expensive in Europe because they tax it at a very high rate.
I consider reducing our reliance on fossil fuels very important. It is a shame that we have not done more to this end during the last 30 years.

[powayseller]

I agree with you PD about the importance of reducing reliance on fossil fuels.

Did you read his post from yesterday, where he was at the GM dealership and the place was dead?

The car dealers will be among the first to see the fallout of the rising interest rates and difficulty in taking equity from homes. All those new cars your friends and neighbors are driving are courtesy of their home ATM, and the wealth effect. Now that that’s over, you won’t see as much.

My daughter noticed last fall, that she was no longer seeing her friends’ parents drive up in new cars. We used to regularly see cars with the dealer license plate. That is now a rarity.

I can’t wait to see the earnings reports from the car dealers. Expect Q2 2006 to be the beginning of a long decline.

[LookoutBelow]

I was just wondering the other day….I havent seen one of those beasts in months, there used to be a lot of em running around. This explains it.

The dealers are trying their hands at manipulating their markets…..Only Greenspan can pull that type of thing off Hahahaaa !

I have a friend in the new car business (dealer owner), he’s dying right now.

[lindismith]

I believe Weseloh (sp?) dealership is offering 2 years of free gas, if you buy a Hummer, Suburban or Tahoe right now. I’m not sure what that translates to in actual gallons, but they must be desperate to sell any inventory in such a high-priced gas market. I think I read somewhere it’s about $150 to fill up a Hummer. And who knows how many times you have to fill it when the mpg is so bad….
The whole concept of these massive cars is just so ridiculous. Sometimes I literally get sick to my stomach when I see these cars on the road.

[lostkitty]

My nighbor has one, and they have parked it facing out on the side of their driveway – but rarely use it anymore. My kids said it would be funny of they opened the hood and used the whole thing as a planter.

[powayseller]

Has anyone checked the Classifieds or craiglist to see if people are trying to sell their Hummers, Tahoes, Excursions? I bet by year’s end,you’ll see those, plus all those boats people couldn’t really afford. They’ll start selling anything they can, to get out from under the debt, adjusting CC, adjusting HELOC, adjusting ARM. How busy are the pawn shops?

[Bugs]

People will unload their uber-cars long before they give up on their house.

[powayseller]

That’s what I said, too.

[NotARocketScientist]

Why not just put the Hummers up on blocks and convert them into low income housing? They’re bigger then the apartment I had in college…

[Author]

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