Gas Prices Drive Geo Metros From Clunkers to Chic
The 1995 Geo Metro pictured above (92,800 miles) has a Kelly Blue Book Retail Value of $1,790 and a Private Party Value of just $1,335, but it just sold on Ebay for $5,200 (with 34 bids).
Reason? Great, gas mileage (50 mpg), rivaling the hybrid Prius.
According to CNN, a 1996 Geo Metro sold on Ebay recently for $7,300, which is just $1,700 less than what Metros sold for new in 1995-1996, about $9,000.
In May alone, 43 Metros of various years and models were sold on eBay, ranging in price from $221.50 to $7,300. The cars have been hot items, drawing upwards of 49 bids on certain vehicles, with many of the auctions coming down to last-second bidding wars.
As of today, there are currently 39 Geo Metros for sale on Ebay, highest bid is currently $4,000 (38 bids total) for a 1993 model with 87,000 miles, auction ends tomorrow night.