CNN is reporting that SUV sales are sliding, and fast. Like off a cliff. Especially SUVs with low gas mileage.
Jorge Fernandez strolls across the used-car parking lot littered with dozens upon dozens of sport utility vehicles the size of small tugboats.
SUVs like these are having a tough time selling with gas prices at all-time highs.
With gas at $4 a gallon, many have sat there since last summer.
“The cars are literally just sitting, and it doesn’t matter how much you sell them for,” Fernandez says of the SUVs and trucks nobody wants anymore.
“It’s amazing. I’ve never seen it this bad — ever.”
Finally I can make sense of something. Used Car Lots with tons of SUVs. This makes sense because no one wants to buy one.