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Why Buying A Hummer Now Can Prove To Be A Fantastic Investment In The Future.
The Hummer was introduced to the end user market by GM and it rapidly gained popularity due, in part, to being an overwhelming vehicle that can handle almost any type of environment. Granted the Hummer 2 and Hummer 3 was no where near as good as the initial Hummer when going off road but these models still found a market place as they where large, high-class and much less expensive than the H1. They where also transformed into things like limos, something that further established them as something unique in the minds of movie stars and the average Joe alike. Then Hummer introduced the Hummer HX concept that took it all to an entirely new level. The brand new glossy futuristic styling made a lot of folks including myself want one. We all anxiously waited to see it go into manufacturing
Then came the credit crunch that hit American vehicle brands hard and none perhaps harder than GM. In an effort to cut the large losses the company were suffering from it was decided to reduce the product line and sell or close down certain brands. Hummer was one of those manufacturers. GM initially found a Chinese buyer for the hummer brand but the sale was not approved by the government and GM decided to close down Hummer manufacturing in the lack of a buyer. With that decision they effectively killed the probability of us seeing the Hummer HX on the road unless someone resumes development and dust of the designs at a later date. This also meant that it is no longer feasible to buy a new hummer as none are being made. Well not for civilian use anyway. It is still possible to get military surplus Hummers.
Typically the hummer has not been known as an economical vehicle. They were expensive to buy and were true gas guzzlers. Add to this that the second hand price wasn't great and it is easy to see how hummers didn't make great investments. However now when the manufacturing has been shut down all that could change. Iconic cars tend to see an increased second hand value when manufacturing ended and the Hummer is an Iconic car. We might not have seen very much of an effect on the second hand value of hummers due to this yet but we are likely to see it in a few years and the second hand price of a hummer is in other words likely to start going up in a few years. Buying an used Hummer these days might therefore turn out to be a good investment. Granted they are still gas guzzlers and with the high fuel prices they might still be bad investments if you intend to drive them while waiting for the second hand value to start going up, but at the very least you can get some of the cash you spent on gas back when you sell it and in the meantime you can enjoy the enjoyment of driving a truly iconic automotive.
It is however important to remember, as with all investments, there are no assured bets and there is no assurance that the second hand value will go up. It just seems likely due to reasons described above. It is however possible that the green movement and hybrid cars will make large cars less attractive to everyone. Something that could force the second hand values down.
Why Buying A Hummer Now Can Prove To Be A Fantastic Investment In The Future.
A short inspection of the Hummer brand and the implications the demise of the brand might have on the second hand value of hummers.
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