With gas prices sure to go up and sales down, General Motors has a deal for you!
Critics had seized on the rugged but fuel-inefficient Hummer as a symbol of excess as GM’s financial troubles grew and gas prices rose. Sales at Hummer, which is known for hulking sport utility vehicles like the H3, have been in a steep slide since gasoline prices rose to record heights last summer. For the first four months of this year, Hummer sales are down 67 percent.
I wonder if the special tax exemption is still in force? Car buyers get a big discount if the vehicle is large enough, at least that used to be the case.
According to this report, Hummers are a major status symbol in Iraq, I have no idea why. But then I never understood why cruising to the mall in a ‘cute’ version of a military vehicle is patriotic.
I don’t think Toyota or Honda will want the brand. Read about the terrors of driving a Hummer through Tokyo in ‘Sports Inutility’.
Maybe they’ll show up in Russia. We’ll see if they are good in snow. And some are sure to be some 16 year old’s first used car. Hope they know how to parallel park and don’t skimp on the upkeep.
Update–looks like they will be bought by a Chinese company.