Money | SUV Sinking SUV Values Slap Drivers Resale values plummet as gas price goes up By Rob Quinn Posted Jul 2, 2008 10:19 AM CDT Copied American flags are reflected in the grill of a Chevrolet Suburban at Commonwealth Motors in Lawrence, Mass., Tuesday Feb. 12, 2008. (AP Photo/Charles Krupa) The end of America's love affair with the SUV is turning into an expensive divorce, the Washington Post reports. Drivers wanting to get rid of the gas-guzzlers as pump prices hit $4 a gallon are losing a lot of money on the sales—if they can even find buyers. Some SUV owners find themselves owing the bank more than their vehicle is worth. Owners are offering steep discounts and writing inventive ads but often find the behemoths impossible to shift. Experts think the switch to more fuel-efficient vehicles is likely to be a permanent move, but it is a sad parting for many motorists. "If gas prices do eventually come down," one man struggling to sell a Chevrolet Suburban said, "I would love to go back." Read These Next And ... 23,000 pages of Epstein files are now out. Breaking Bad creator's new show is wowing critics. Trump commuted his sentence. Now he's headed back behind bars. Teen killed his neighbor, then asked ChatGPT for help. Report an error