Gas-Guzzling SUVs Being Shipped Across Globe
Posted: 2:32 pm PDT May 28, 2008Updated: 2:13 pm PDT June 13, 2008
Sales of new cars in the U.S. have plummeted to their lowest depths since 1992, according to sales reports from the big auto manufacturers.In fact, Americans are starting to shun buying gasoline-hungry SUVs.So where are they going? You'll never guess.Feeling pinched at the pump, consumers are sounding off.Regular gas is now more than $4 a gallon in Washington, forcing SUV owners like David England to sell, sell, sell."I'm stuck with it," said England. "How low are you willing to go? At this point I want to sell this vehicle."Easier said than done. David's 2000 GMC Jimmy has been on the market for more than a year. Problem is, no one wants it.Dealer, too, are feeling the strain. Car lots are starting to back up with new SUVs.Nationwide SUV sales are down 28 percent from a year ago, and in April, it was not a good month for new SUV sales, which dropped about 32 percent.But in the home office of Peter Ness, the SUV business couldn't be any better."The secret is that Russia has got some extra money," said Ness.You heard right -- Russia. They're buying up American SUVs right and left, taking advantage of all the deals.Peter runs Transit International out of Bellevue."I've sold 30 in one month," said Ness, who buys used SUVs online and then ships them overseas, all the way to eastern Russia, to a city called Vladivostok."Russia is looking for a good buy, and with the weak dollar, they are looking for more cars right now," said Ness.And while Peter has seen a 31 percent increase in business, he says countries like Canada, China and Saudi Arabia are in the market as well.Oh, and remember David? He finally sold his Jimmy, for almost $3,500 less than what he was asking."It's very frustrating to have to look at something and you just can't get rid of it," said England.But with gas prices the way they are, David says he's just thankful that someone's buying.Peter Ness with Transit International says besides the blockbuster deals here in the U.S., the Russians want American SUVs because of the prestige and the durability.
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