As far as the trade-in market for trucks and SUVs, Mike Stedem, owner of Stedem Ford in Fort Meade, said he expects some recovery.
thinks the current fuel-price crunch will have long-term effects on not only drivers, but car dealers.
"This is all I've done since 1969 and this is the most difficult market I've ever seen," said Stedem
makes hybrid vehicles, including the Fusion
and Escape, none are available in this area as Ford
is sending them to the California and New York markets, Stedem
said.At one time, the dealership received many inquiries about hybrids, but once customers realized none were available here, that stopped.
said that in 2005 he
decided to purchase a Hyundai dealership in New Orleans.That dealership finally opened recently, an occasion that was delayed because of Hurricane Katrina.
"It was a realization on my part that I should hedge my bets," said Stedem
, who added that even in 2005, the market for SUVs, trucks and minivans was contracting.Stedem
won't be selling Hyundai vehicles in Polk because of dealer restrictions.