Time To Dump Your SUV?
Increasing gas prices hurting American wallets
With oil reaching $126 a barrel today, SUV and truck owners are desperately trying to sell their trucks and SUVs but at considerable discounts. Dealerships are also starting to feel the pinch at the pump. Edmunds.com reported that cash rebates and incentives for SUVs reached over $4000 in March as unwanted SUV inventories pile up at dealerships.
In April alone, SUV sales fell 32.3% compared to a year earlier while small vehicle sales rose 18.6 percent. Crossover vehicle sales have also seen a boost in sales. Twice as many crossovers were sold compared to SUVs in March according to the Auto Dealers Association.
What does this mean to the consumer? If you’re willing to foot the gas bill every month or possibly carpool to work, you can pick up a brand new SUV with roughly $4000 cash back or incentives. Check out dealerships in your neighborhood offering discounted SUVs through our search tool on AutoBrag.com.
