I've been kind of stymied for a post for a couple days; the one I promised "next" requires some brain power to put together; and I haven't had any brains for several days. Mostly tired from pushing various urgent icebergs right on the farm.
But I just happened across this bit of news, and it cheered me up so much I had to share it.
"SUVs Become Endangered Species" - according to CNN.
Apparently, the "American consumer" has actually changed directions; dealers are almost unable to give SUVs away now. "Small cars are gone within a week; SUVs are sitting here since last summer." And, "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..."
The article has something for everyone - if you just want to cheer signs of intelligence, there's plenty; if you're into "schadenfreude" - well, there's an abundance of potential for that, too.
Turns out lots of people bought $40k machines- still owe about $20k or so- but the book value of their perfectly good SUV is now about $12k. If you can sell it. " '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.' "
So people who blithely bought big "Suck Uglies", as I called them; ignoring those of us who pointed out it made no sense at all- can't even sell them and switch to a smaller car to save the gas money. They'll save hundreds of dollars in gas- and lose thousands of dollars on the swap.
Ok, it's hard not to do a little gleeful dance and sing "toldjaso, toldjaso!"
I remember making long, logical, eloquent arguments- completely ignored, of course- that virtually no one in North America actually needed an SUV. Lots of people wanted them. But until they looked in their bank account, and found it empty- they really didn't understand that "want" is not the same as "need".
Here perhaps is the first large public reminder of that for the US. There will be more in the days ahead, to be sure. Most of them are not going to be fun, of course. Maybe we should enjoy this one, while we can.
"Want" is not the same as "need". It's only spoiled children who think they're the same. That's an uncomfortable truth; but one we're going to have to swallow, and live with, every day.
Hm. Actually. I COULD use a nice comfy SUV - on the farm. We do a lot of pottering around; harvesting, taking data, in all kinds of weather. Would be nice to have a machine with a good heater that didn't leak rain and snow.
Tell ya what- any of you out there own an SUV you want to get rid of? I'll take it off your hands- for just $500.
You pay me.
By gosh, CNN is just becoming a fount for enlightenment. Apparently the financial community has just discovered that there may not be a lot of oil left out there. Who'da thunk?? The analysis isn't finished yet though. Maybe we'll luck out. :-)