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The Reason Why Getting A Hummer Now Can Turn Out To Be A Great Investment In The Future.
The Hummer was released to the end user market by GM and it rapidly obtained recognition due, partially, to being an intense vehicle that can handle almost any type of terrain. Admittedly the Hummer H2 and Hummer 3 was no where near as excellent as the initial Hummer when going off road but these models still came across a marketplace as they where large, high quality and cheaper than the Hummer 1. They where also modified into things like limos, one thing that further established them as something distinctive in the heads of movie stars and the average Joe alike. Then Hummer offered the Hummer HX concept that took it all to an entirely new level. The brand new sleek futuristic styling made a lot of folks including myself want one. We all anxiously waited to see the HX go into manufacturing
Then came the credit crunch that hit American vehicle manufacturers hard and not any perhaps harder than GM. In an effort to cut the large losses the business were suffering from it was decided to reduce the model line and sell or close down certain brand names. Hummer was one of those brand names. GM initially found a Chinese buyer for the hummer brand name but the deal was not approved by the government and GM decided to close down Hummer development in the lack of a buyer. With that decision they effectively killed the probability of us seeing the Hummer HX on the roads unless someone resumes manufacturing 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 produced. Well not for civilian use anyway. It is still feasible to get military surplus Hummers.
Typically the hummer has not been known as an economical car. They were expensive to buy and were real gas guzzlers. Add to this that the second hand price wasn't great and it is easy to see how hummers didn't make good investments. However now when the production 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 so far but we are likely to see it in a couple of years and the second hand price of a hummer is in other words likely to start going up in a few years. Purchasing an used Hummer today might therefore turn out to be a good investment. Granted they are still gas guzzlers and with the high gas prices they might still be bad investments if you intend to drive them while waiting for the second hand price to start going up, but at the very least you can obtain 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 car.
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 probably due to reasons outlined 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 prices down.
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