Number of Consumers Selling SUVs on Cars.com Continues to Rise
June 27 2006 - 10:00AM
PR Newswire (US)
CHICAGO, June 27 /PRNewswire/ -- Large SUVs posted for sale by
owner on cars.com have risen dramatically over the last several
years and now make up a larger portion of the total number of ads
listed for sale by owner. The increase in large SUVs for sale by
owner on Cars.com was calculated by taking a look at the most
popular large SUVs on the market, like the Chevrolet Suburban and
GMC Yukon, and tracking their listings as a percentage of the total
number of Sell It Yourself listings on Cars.com. While the total
number of people selling their cars themselves has increased
significantly over the last several years, the amount of SUVs
posted for sale by owner has outpaced the overall growth of for
sale by owner listings. Since March of this year, SUV postings have
increased more than 14 percent and are up a staggering 40 percent
from March 2003. High fuel cost has been the primary factor driving
the spike in consumer postings of large SUVs over the past several
years. As the number of SUVs for sale rises, the number of
consumers posting more fuel-efficient models, like the Honda Civic,
continues to decrease. Though not as dramatic as the increase in
SUV listings, the number of more fuel-efficient vehicles listed for
sale by owner on Cars.com has decreased by 6 percent since March of
this year and 23 percent since March 2003. "It's no secret that
gasoline prices have affected consumer buying and selling
behavior," said Michael Kellogg, group project manager of cars.com
classifieds. "But the influx of large SUVs posted through the
Cars.com Sell It Yourself program has created some great buying
opportunities for consumers in the market for those types of
vehicles." About Cars.com Partnered with more than 200 leading
metro newspapers, television stations and their websites, Cars.com
is the most comprehensive destination for those looking to buy or
sell a new or used car. The site lists more than 1.5 million
vehicles from 11,000 dealer customers, classified advertisers and
private parties to offer consumers the best selection of new and
used cars online, as well as the content, tools and advice to
support their shopping experience. Recently selected by Forbes.com
as a Best of the Web site for car shopping, Cars.com combines
powerful inventory search tools and new-car configuration with
pricing information, photo galleries, buying guides, side-by-side
comparison tools, original editorial content and reviews to help
millions of car shoppers connect with sellers each month. Launched
in June 1998, Cars.com is a division of Classified Ventures, LLC, (
http://classifiedventures.com/ ), which is owned by leading media
companies, including Belo (NYSE:BLC), Gannett Co., Inc. (NYSE:GCI),
The McClatchy Company (NYSE:MNI), Tribune Company (NYSE:TRB) and
The Washington Post Company (NYSE:WPO). DATASOURCE: Cars.com
CONTACT: Steve Nolan, Public Relations Manager of Cars.com,
+1-312-601-5163 (direct), +1-630-310-2468 (mobile), Web site:
http://www.cars.com/ http://classifiedventures.com/
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