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May 15, 2008
Backseat Driver: Fuel efficiency and green sell right nowHybrids may be mostly Plain Janes but any car that gets good gas mileage is selling right now. And that usually means small and not very stylish. Indeed, many of them look like bars of soap on wheels. But that is hardly the point. In these uncertain days of rocketing gas prices, a lot of people are looking for economy. To heck with styling. And not only hybrids. As a front page story in today’s USA Today reveals, the second-hand market for the small econoboxes from the 1990s like the Ford Festiva, Hyundai Excel and Geo Metro is booming. At the same time, the second-hand market for SUVs is dead in the water, with many owners getting a nasty shock when they trade them in and get offers way below published values. But dealers can’t move them for love or money so cannot be blamed for offering cents on the dollar. In another sign of the times, thecarconnection.com’s new Website offers car reviews by the following styles: Sedan; 2-Door; SUV/Wagon; Van; Truck; and Green Car. And the Detroit Free Press reports that the iconic Toyota Prius is the world’s first mass-produced gas-electric hybrid vehicle to hit the one million mark in sales. High gas prices, an unpopular war and looming clouds over the economy are making us all more frugal. - Peter C.T. Elsworth
Posted by Peter C. T. Elsworth Nerdy, fuel-stingy cars are hot wheelsSome of the nerdiest-looking cars in recent automotive history are making a comeback, at least in resale value, as a growing number of value-driven drivers put gas thriftiness ahead of image, according to USA Today citing Kelley Blue Book. Early-1990s econoboxes such as Ford Festiva, Hyundai Excel and Geo Metro — once the punch line of jokes — have seen their used car prices climb from giveaway levels as low as $1,100 a few months ago to upward of $6,000 today, Kelley Blue Book says.
Posted by Peter C. T. Elsworth |
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