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When I traded in June, the trade in value of Toyota 4Runners was falling as fast as I was making payments on my '04 Sport model. It was either keep losing money or trade and lose it all at once on the new one. I bought the new one, A Toyota Prius.
I was thinking the same thing, only I figured it might take a little longer to filter down to retail prices. Let them SUVs set on the lot a few months and they'll get antsy to get rid of 'em. The consumer spigot got turned off this month. By January, those SUVs will be pretty cheap.
Looks like we're in for an economic pantsing by the banking CEOs.
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