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Feb 7th, 2025
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 Re: New vehicle prices are about to get even worse
[Re: txtrophy85]
#8898169
08/09/23 02:07 PM
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Joined: Aug 2005
Posts: 21,689
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 21,689 |
Truck prices are ridiculously expensive now.
Was going to trade in next year so went thru the order bank. Same truck I paid $72k in 21' for is now $84k. the $72k truck I paid $54k for the exact same truck in 17'. So in 6 years time, the same exact truck has gone up $32k.
Something is going to have to give somewhere. Either "affordable" trucks like the Ford Maverick are going to become more common place as will Midsize trucks like the Ranger or Colorado, they will stretch vehicle payments out to 10 years or base model trims are going to become much more popular.
I've been around much of the world and the United States and Canada are the only two countries I know of that drive full size vehicles like we do. The rest of the world is rolling around in Land Cruisers, HiLux's and Ford Rangers.
Truck has 110k on it as of today and I'll run it another couple of years before I decide what to do with it...it will have over 200k miles on it at that point. The problem is people are still buying them. 2nd quarter of 2022 Ford sold 158,644 F series trucks. Recently, 2nd quarter of 2023 they sold 212,516. Almost a 34% increase in truck sales year over year. People are still going to need new trucks. Companies still need fleet vehicles and write offs. Its not just consumers buying those trucks, a lot of it is commercial vehicles. From investors daily a month ago. I did not look farther for the final Q2 figures, but it should show the trend of increased year over year sales across the board. General Motors Auto Sales Q2 sales estimate: 675,417 vehicles, up 16.7% vs. Q2 2022. Toyota Motor Q2 sales estimate: 555,402 vehicles, up 4.6% vs. a year ago. Ford Q2 sales estimate: 523,717 vehicles, up 9% vs. a year ago. Stellantis Q2 sales estimate: 433,992 vehicles, up 6.2% vs. a year ago. Honda Q2 sales estimate: 350,220 vehicles, up 46.1%.
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Re: New vehicle prices are about to get even worse
[Re: MBTECH85]
#8898185
08/09/23 02:34 PM
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Joined: Apr 2011
Posts: 29,138
Western
THF Celebrity
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THF Celebrity
Joined: Apr 2011
Posts: 29,138 |
It's not just trucks, we "where" considering a new SUV over the last couple years, just not that much value for us in what they are asking now. Having 3 paid off is some value, or piece of mind. since I'm likely headed to disability.
If at first you dont succeed, then skydiving is not for you..
"Don't trust everything you read on the Internet"- Abraham Lincoln
Dennis
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Re: New vehicle prices are about to get even worse
[Re: Sniper John]
#8898186
08/09/23 02:35 PM
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Joined: Mar 2012
Posts: 13,931
1860.colt
emoji colt.45
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emoji colt.45
Joined: Mar 2012
Posts: 13,931 |
Owned one brand new vechical in my life. Had 4miles on it, Toyota Tercell, no air, spare tire was a donut. Payed little under $7,0000.00. Was getting overtime @ foundry.  good gas mileage. Back in the day, if ya owened 1 house worth $20,000.00. Car or truck worth couple grand. Got ya back & forth ta work. Ya was doing good.  i know. Learned from ya'll. Don't complain. Tis the low-income workers fault for all these high prices. 
i'm postaddic
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Re: New vehicle prices are about to get even worse
[Re: MBTECH85]
#8898682
08/10/23 11:11 AM
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Joined: Dec 2013
Posts: 7,898
GasGuzzler
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2013
Posts: 7,898 |
Now that supply is back, we are still selling increasingly expensive vehicles...because people are still buying them. A strike will only raise the price due to supply and demand briefly. It will self-correct. The problem is the CURRENT prices, not what might happen. But once again, prices don't matter if product is selling.
Pass the gravy.
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