High gas prices pressuring used SUV values in U.S.

Newswire

By Ben Klayman DETROIT, Sept 27 (Reuters) - High gas prices have not only been unkind to consumers' wallets, but may also take a bite out of automakers' profits as the value of used large sport utility vehicles suffers. The value of used large SUVS has been falling the last few years and the decline has picked up speed as gas prices have spiked, analysts said. More worrisome, however, are the vehicles coming off lease and the potential losses for automakers, especially General Motors ...

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