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The Reason Why Getting A Hummer Now Can Prove To Be A Good Investment In The Future.
The Hummer was released to the end user market by GM and it quickly gained popularity due, in part, to being an intense car that would handle almost any type of terrain. Admittedly the Hummer H2 and H3 was no where near as good as the first Hummer when going off road but these models still found a marketplace as they where big, deluxe and cheaper than the Hummer 1. They where also modified into things like limousines, something that further established them as something unique in the minds 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 fresh new sleek ultra futuristic styling made a lot of people including myself want one. We all waited to see it go into manufacturing
Then came the credit crunch that hit Yankee automobile manufacturers hard and not any perhaps harder than GM. In an effort to reduce 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 brand names. GM first found a Chinese buyer for the hummer brand name but the deal was not accepted by the government and GM decided to close down Hummer development in the absence of a buyer. With that decision they effectively killed the chances of us seeing the Hummer HX on the road unless someone resumes manufacturing and dust of the designs at a later date. This also meant that it is no longer achievable 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 never 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 good investments. However now when the production has been shut down all that could change. Iconic cars tend to see an increasing second hand value when manufacturing ended and the Hummer is an Iconic car. We might not have seen 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. Purchasing an used Hummer today might therefore turn out to be a great investment. Granted they are still gas guzzlers and with the high gas prices they might still be poor 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 satisfaction of driving a truly iconic car.
It is however important to keep in mind, as with all investments, there are no assured bets and there is no guarantee 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 prices down.
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