It's no secret that anyone who hasn't yet traded in their SUV is kind of screwed right now. At over a hundred bucks a fill, these hulks are collecting dust on dealer lots and presenting a major problem for anyone trying to sell one. TTAC today quoted a dealer report declaring folks still saddled with full-size trucks and SUV's to be "owners for life": they not only can't give 'em away, but in terms of trade-in value and dealer incentives, an owner can't even pay someone to take them off their hands. On my flight back from Carlisle this weekend, I talked to a guy who'd paid around $40K a couple of years ago for a then-brand-new H3, which he recently got appraised—for 5000 bucks. I told him he should either seal it up in a time capsule to unwrap up 50 years from now as a relic from the oil-rich past, or make it a badass Death Race-style demo-derby car. What do you think: are SUV owners soon going to be stuck selling like-new rides for scrap? Or is the current oil-bubble going to burst, bringing gas prices back down and SUV prices back up? What would you do?
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