Do some math before trading in SUV

Local car dealers say there are many like Predmore looking to trade in their lower gas mileage vehicles once unleaded fuel prices starting setting records. Demand for trucks and sport utility vehicles - as well as their market value - has decreased significantly due to rising gas prices, they say.

"SUVs and full-size trucks are flooding the market and driving prices down," said Chris Lewis, the finance manager at Bob's Auto Market. "Though there are a few people buying SUVs and trucks, there are not many as compared to a few years ago."

Steve Stevens, owner of Stevens Auto Sales agrees, but advises people to do some math before they rush out to trade in the gas guzzler for the gas sipper.

"On average, the value of SUVs and full-size trucks has dropped $3,000 - that will buy a lot of gas for a long time for the average person," Stevens said.




Read More