Sales Of Gas-Guzzling V-8 Cars, Trucks Decline

With gas prices at record levels, many people are looking to get rid of the V-8 gas guzzling car, truck or SUV.

Problem is, some dealers either don't want them at all or will pay you next to nothing in a trade.

Some people may continue to insist on a V-8 truck or car, depending on how they use them, but consumers should not expect to get much money for their V-8 trade because of the decrease in demand.

Lash has been buying and selling cars for years, and $4 per gallon gas is changing the landscape.

"We probably at least had 40 to 50 percent trucks and SUVs, but now everyone's looking for gas mileage," Lash said.

Lash said he's heard that some places are not taking in V-8s because they can't take them in if they can't resell them.

"When I go to the auction, when a V-8 hits the floor nobody even bids on it," Lash said.

At the Holler group, they're still taking V-8s on trade, but not at prices consumers would've expected a few months back.

"Holler is still selling the V8s, just more of the smaller cars. Nationwide, the trade-in value has gone down, but we are still accepting them as trade-ins," Jill Frederiksen of Holler Automotive said.

She said people still want the larger more powerful vehicles to pull boats and travel trailers.

Several trucks will be going to auction so they can be shipped overseas.

Officials said there seems to be a market there for the more powerful trucks.
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