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Re: Oil hits $114/barrel - No end in sight.
Quote:
Originally Posted by Americano
To say nothing regarding average MPG in European and US standard vehicles. Even US soccer moms are moving away from giant SUVs as US gas approaches $4/gallon. A friend ran a fairly new Ford Explorer in the local and Portland newspapers at below wholesale price and received zero calls. The Ford dealer, whom he knows on a personal basis, had offered him $4k below wholesale on trade against an almost new Toyo mini-van, telling him he has zero retail demand for big, used SUVs and that's what he could get at the auction. He's about ready to bite the bullet and let the dealer auction it before its value sinks even lower.
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A fair point.
Did see my first SMART on the road in the US yesterday. May be a new trend?
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