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Why Acquiring A Hummer At This Time Can Turn Out To Be A Great Investment Tomorrow.
The Hummer was brought to the consumer market by GM and it rapidly gained popularity due, in part, to being an extreme machine that could handle almost any type of environment. Of course the H2 and Hummer 3 was no where near as good as the first Hummer when going off road but these models still found a market as they where huge, luxurious and much less expensive than the Hummer H1. They where also converted 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 presented the Hummer HX approach that took it all to an entirely new level. The new glossy ultra futuristic design made a lot of folks including myself want one. We all waited to see it go into production
Then came the credit crunch that hit Western car brands hard and no one perhaps harder than GM. In an attempt 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 brands. GM originally found a Chinese buyer for the hummer brand but the sale was not accepted by the government and GM decided to close down Hummer production in the lack of a buyer. With that decision they effectively killed the chances of us seeing the Hummer HX on the road unless someone resumes production and dust of the concept at a later date. This also meant that it is no longer possible to buy a new hummer as none are being made. Well not for civilian use anyway. It is still achievable to get military surplus Hummers.
Traditionally 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 value wasn't great and it is not hard 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 increasing second hand value when production 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 value of a hummer is in other words likely to start rising in a few years. Buying an used Hummer these days might therefore turn out to be a great investment. Granted they are still gas guzzlers and with the high gasoline 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 money you spent on gas back the day you sell it and in the meantime you can enjoy the pleasure of driving a truly iconic automotive.
It is however important to keep in mind, as with all investments, there are no sure 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 environmental movement and hybrid cars will make large vehicles less attractive to everyone. Something that could force the second hand values down.
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