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Welcome to the Guelph Automotive Detailing Blog

Diamond Detailing is high in demand! With people coming to Guelph from all over Ontario for our detailing services and those coming up from the United States to experience the VIP Emerald Elite Diamond Detailing Package - North America's most expensive and finest auto detailing for luxury and exotic cars our time has become precious. The phones are ringing off the hook, the website is flooded and customers have made repeated requests for a journal of daily experiences I encounter. In effort to meet our customer's demands for more insight we added this Guelph automotive detailing blog. We hope you will find the latest news on the projects and experiences that we encounter to be informative, humorous and addictive.

Thursday, May 1, 2008

SUV Trade-In Values Plummet

By Edward Niedermeyer - The Truth About Cars
April 30, 2008 - 1,669 Views
As U.S. fuel prices head for $4 a gallon, US News and World Report takes a look-see at SUV resale values. The mag divines that weakening demand has dramatically eroded resale values. (Ya think?) Citing a CNW Marketing Research study, USN&WR says March sales of used SUVs are down 14 percent from last year, after dropping eight percent in the first two months of this year. The story also kicks some journalistic tires at used car lots, where dealers no longer want to stock large vehicles. A Sales Manager from a Florida Chrysler/Jeep dealer says "some large vehicles are dropping thousands of dollars in value each month… Anything diesel has dropped $5,000 in the past five months." So where are all the body-on-frames going? Overseas, according to the Sales Manager of a Florida Nissan dealership. Apparently (hey it's a used car dealer), the store's been exporting about one car a month" in recent years. But this year they average "roughly 10." (Roughly? Would that be, say, five?) Add nasty depreciation onto huge operating costs, and it's not hard to not see the future of the SUV.US News and World Report »
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