Gas Guzzling SUV’s Gouges Value


Going back to the 70’s and 80’s, if you had a family, most case scenario, you had a station wagon. Then along came the development of the SUV, a truck body on a car chassis. The SUV was a necessity for every household, even eclipsing the popularity of the minivan which was known as the family vehicle of the 90’s. The craze didn’t stop there though; larger and larger SUV’s were developed and finally came the mega-size SUV. This was like a mini-van, in that it could almost hold an entire soccer team. Along with the regular SUV’s, these mega-sized SUV’s were getting on average 9-12 miles per gallon, but they were being compensated for the low gas mileage by increasing the size of the gas tank to 14 – 16 gallons.

Shortly after the millennium shift, gas began rising at a steady pace. Every time we went to the pump the price went up a few more cents. Everyone complained, but they kept buying the SUV’s for the “size and comfort”, but as soon as the prices hit $2:50/gal. and higher, SUV consumers began to doubt their vehicles worth. Even with the extra perks, with its wide space, the amount of money people began dumping into the tank was daunting. Now with the national average of gasoline at $4.24/gal, the cost to fill those 14 gallon tanks is a hard to swallow price, of at least $60.

With the reality of paying close to $100 to fill up a gas tank, the popularity of the SUV has dropped drastically. With these opinions and realizations taking hold, an investment in an SUV in today’s market is considered a waste of money, if not a ridiculous notion. To add to that, the federal government is saying that the price of gas will likely rise even more. 

In response to these rising prices, the car companies are developing Hybrids and flex-fuel engines that get over 30 mpg for the same size of vehicle. The direction is to trade in low gas mileage vehicles for something a lot more fuel efficient.  The only good news for current SUV owners is that these new vehicles still have a hefty price tag. The higher the gas prices, the more unhappy the general public and media will grow toward the SUV’s, which will in turn make its value sky rocket down. If those SUV owners don’t act now and try to sell their vehicles, they will end up having a vehicle whose value is based merely on the scrap metal that can be salvaged and recycled from its parts.


Source by Bond Mejeh