New Tahoes are sitting on lots longer

According to Power Information Network, a division of J.D. Power and Associates, GM's new GMT-900-based Tahoes are spending more time in the hands of dealers before finding a happy home in some suburbanite's garage. When the new Tahoe debuted in the market this past January, the average length of time the 'ute sat on the lot was seven days. That number, as of July 23rd, has now grown to 62 days.

Along with the increasing amount of time the new Tahoe sits on the showroom floor, the out-the-door price has subsequently dropped a little less than $5k in six months, from $42,191 in January, to an average of $37,667 in July.

Is this another sign that, for a second time, the SUV bubble may be bursting? Fuel concerns are no doubt playing an increasing role in consumer choices, but are these waning sales figures part of a more dramatic trend or yet another bump in the General's already shaky future?

[Source: Automotive News]