A Slight Positive Turn In The Market

For the first time in quite a while, the used truck and SUV market is experiencing a slight uptick in used vehicle values.

With the recent, every so slight, downward adjustment in gasoline prices, the truck and SUV used car values are showing a bit of a recovery. Used Car Cincinnati Dealers are reporting higher prices at the local auctions for the SUVs and trucks. West Coast Dealers and East Coast Dealers alike are experiencing similar trends. This is music to many of the local dealers that are flooded with trade requests for customers wanting to rid themselves of these gas guzzlers.

Even though customers are anxious to move onto smaller, more fuel effecient models, trading them out of the SUV ot truck they may have is very difficult. The local consumer is amazed at how much their vehicle has depreciated.

This is supply and demand working very much against this particular segment of the automotive market.

It will be interesting to see as the summer progresses if the gas prices continue to drop and how much of an effect it will have on this segment.