As bad as it has to be paying so much for gas itself, the fact that it's now easier to sell Florida swamp land than to get rid of their gas guzzlers, has to make the mental torture even worse. And it's not just drivers, dealerships are having an equally hard time getting rid of them.
The really large ones with V-8 engines that can get as little as 12 miles per gallon in the city -- like the Cadillac Escalade, Ford Expedition and Chevy Suburban -- are dropping in value by the thousands.
The No. 1 reason for the sales slump is soaring gas prices, says Peter Brown, the executive director of Automotive News, the trade newspaper for the North American car industry.
For the first four months of this year, truck and SUV sales are down a collective 24.8 percent. SUV sales plummeted 32.8 percent while pickups dipped 19.9 percent, he says.Man, that has to hurt. The article goes on to say that the major auto manufacturers are retooling their production lines away from trucks and SUV's towards smaller cars. To add further insult to injury, a lot of the old cars many of these people got rid of to buy their now unwanted gas guzzlers, have seen their resale values go through the roof. This is due in part to that fact that many of those old vehicles get mileage close to or better than that of newer hybrid vehicles.
Americans seem to absolutely refuse to learn from history. Fuel shortages precipitated by the Arab-Israeli war of 1973 and the Iranian Revolution of 1979 led to the purchase of a lot of fuel efficient vehicles from foreign automakers who were already producing them, and an emphasis on their production by automakers here. However as soon as prices stabilized, American auto production moved right back into oversized vehicles. This lack of foresight on the part of the industry and consumers now has us at a competitive disadvantage, again, to foreign automakers who've never stopped producing smaller, more fuel efficient cars. Not to mention our continued reliance on imported oil and it's wildly rising, 'market-driven' prices.
So what are we going to learn from this crisis? The technology has been in place for decades to produce ultra fuel efficient or alternative fueled vehicles, but between the automobile and oil industries, and the politicians dependent on both no real effort has been made to reduce our dependence on oil as a fuel. I'm hopeful this latest round of super high oil and gas will spur some real movement on that front.
But I'm not holding my breath waiting. Anybody trying to sell their used 1993 Geo? Let me know.