I’m currently in the market for a 2005 or 2006 Chevy Tahoe Z71 and was wondering about when would be the best time to buy. Before you question the Tahoe, I’m probably one of the only people who can justify one. I live in Colorado and spend almost every weekend in the mountains hauling people and their gear up 4wd trails and snowy roads to trail heads and sleeping in the back.
I figure that given gas prices going up, this summer would probably see the values drop off. I like to do the opposite of everyone else who will be buying fuel efficient vehicles. But then I read an article by Steve that said the used car market is going to be getting worse. I’ve see prices go down some over the last 6 months (been watching the market), but not by much. So does this summer sound good, should I buy now, or wait for the future? (Read More…)
Sajeev and Steve,
I think it’s time to replace my wife’s 2005 Honda Odyssey EX-L. It’s got 48,000 on the clock and has developed a few problems over the years. Power side doors that get wonky on really cold days, a slow leak in the AC system, a leak somewhere around the windshield, and an intermittent airbag light most recently, to name a few. None of these things is that big a deal, but considering that my wife has held a grudge against me for convincing her to buy a minivan in the first place, they are just mounting evidence in her case to replace the Ody.
We live to serve here at TTAC, so when our faithful commentators requested a comparative graph of Chevy Suburban and Tahoe Sales from the heart of the SUV boom, who were we to say no? And sure enough, there are some interest lessons to be learned from the exercise. In 1999, as the SUV boom headed for the stratosphere, the ‘burban actually passed the Tahoe in terms of volume for one year. But the fad wouldn’t last: Suburban sales peaked in 2001, a year before the Tahoe topped out at nearly 209k units. The Suburban also fell further, suffering big year-over-year losses until a pre-gas-shock uptick in 2007, a year after the Tahoe recorded its first post-peak upswing. Counter-intuitively, the 2008 gas shock actually hurt Tahoe volumes even worse than Suburban, shedding over 50k units (or about 60 percent) compared to 2007 levels. Over the same period, the Suburban “only” lost 30k units of volume (about 55 percent).