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Well, all of you that held on ...... appears that todays your day!
Go ahead, que up some Star Wars music .....
By Chris Woodyard, USA TODAY
http://www.usatoday.com/money/autos/2008-05-14-economy-cars-resale_N.htm
Go ahead, que up some Star Wars music .....
By Chris Woodyard, USA TODAY
Some of the nerdiest-looking cars in recent automotive history are making a comeback, at least in resale value, as a growing number of value-driven drivers put gas thriftiness ahead of image.
Early-1990s econoboxes such as Ford Festiva, Hyundai Excel and Geo Metro — once the punch line of jokes — have seen their used car prices climb from giveaway levels as low as $1,100 a few months ago to upward of $6,000 today, Kelley Blue Book says.
"Remember that nerds will rule the world someday," says Phil Skinner, collector car market editor for KBB, the popular used car price-tracking service.
He says prices have risen up to 30% for the low-end 15-year-old jalopies.
As AAA pegged gas prices Wednesday at a record $3.758 a gallon nationwide, some of those old tin cans get gas mileage equal to today's best and pricey hybrids.
( Need to check if this is the 2008 method for both. )A 1993 Geo Metro XFI, a subcompact imported by General Motors, is EPA-rated at a 46 miles per gallon average. That's the same as a 2008 Toyota Prius gas-electric hybrid, which starts at $21,500.
The full article touches on the obvious trade off here - safety - but still .......Nick Skouteris, an Atlanta auto restorer, says he has fixed up and sold about 10 Geo Metros but is having trouble finding more at reasonable prices. He says he had his sights set on a Metro convertible on eBay a couple of weeks ago with rust holes and 175,000 miles on the odometer that went for $3,000.
"They are hot cars right now," Skouteris says. "You can't find one cheap enough."
http://www.usatoday.com/money/autos/2008-05-14-economy-cars-resale_N.htm