October 20, 2005
Fare the Well, old friend
After about 6 weeks, I finally found a good home for my X5. That's the longest it's ever taken me to sell a car. Between stratospheric gas prices, shaky economic outlooks, and lease-expiration-driven X5 gluts , it was a perfect storm of car sale suckiness. At one point, there were 30 or so 2002 X5s on craigslist. It took a large price cut (3-4k off the kelly blue book value) for me to sell this perfectly good, warranteed car.
In the past, selling a car like this would have taken one or two weeks, at most. Looking at this as an indicator of our economy, I conclude:
- Few people want SUVs anymore. Yay!
- People are worried, and less willing to buy expensive cars
- Competing against $29k new Expeditions is Hard. Damn Ford and their huge discounts.
- It takes a special person to like a dark green SUV.
BTW, cars.com (which includes edmunds.com) and autotrader.com (which includes kbb, yahoo cars) suck at selling cars. They're expensive ($40 each) and swamped by dealer ads. I didn't get a single lead from these services, other than spam and fraud offers. All my calls came from craigslist.
Posted by carlosmorales at October 20, 2005 01:49 PM
Comments
Haha sucker!
Posted by: Bruce at October 20, 2005 05:53 PM"FEW PEOPLE WANT SUVS ANYMORE. YAY!!" WHAT A FUCKING HYPOCRITE. "I'VE BEEN A TWO SUV FAMILY FOR THE LAST NUMBER OF YEARS BECAUSE IT WAS COOL AND MADE ME LOOK RICH. I DIDN'T GIVE A FUCK ABOUT THE ENVIRONMENT IN THE LEAST. BUT NOW I'M SELLING BECAUSE IT'S THE NEWEST FAD. SUVS ARE OUT AND I HAVE TO MAINTAIN MY IMAGE."
Posted by: Phantom at October 23, 2005 02:41 PMI still have one SUV :)
Posted by: carlosmorales at October 23, 2005 03:26 PMPost a comment