Forum Discussion
ksss wrote:
The days of the average or just above average income customer buying a new higher end pickup/full size SUV have been over for quite a while. Prices went up (even before COVID) way beyond the income increases. I imagine the OEM's will offer interest rate reductions as a way to move what cant move on its own. I doubt there are many buying a 100K pickup and borrowing all of it. You need to bring at least 50K into the deal to get a monthly payment that wouldn't make you vomit each month (at least for me).
Idk, I’m only 50 years old, but I recall thinking alot of folks had more money when I was a kid, based on the car they drove vs the cars my parents owned. And just like back then, there’s a lot of people who drive more than they can/should afford. Covid inflation aside (which is about to be corrected in a big way fortunately or unfortunately depending how you look at it) people who complain about this have a very skewed perspective.
Comparing to vehciles 20-30-50 years ago, and trying to compare top of the line to top of the line is flawed. That top of the line, lasts 100k if you’re lucky and has 235hp truck is blown away by even the most basic work truck model currently. It’s like comparing a 3 bedroom house 50 years ago to a Mc Mansion today and complain about how much prices went up. It’s not comparable. You’re getting orders of magnitude more.
And someone of average income shouldn’t be buying a new $60-100k pickup or car. It’s not a god given right to have the finest luxuries on a beer budget. As much as some think it is.Retired JSO wrote:
4x4ord wrote:
My daughter ordered a new Bronco coming up two years ago and we still haven't got a production date. Maybe if you order a new Super Duty today you'll have your 350k miles on the '12 by the time the new one shows up.:)
Guess it depends on what you order. Both very small ford dealers in the Murphy NC area have 4 Bronco sports on their lots. 2 with 1.5 Lt and 2 with 2 Lt engines.
The Bronco Sports have pretty much always been easily available. Its the Bronco that competes with the Wrangler that has a waiting list.4x4ord wrote:
My daughter ordered a new Bronco coming up two years ago and we still haven't got a production date. Maybe if you order a new Super Duty today you'll have your 350k miles on the '12 by the time the new one shows up.:)
Guess it depends on what you order. Both very small ford dealers in the Murphy NC area have 4 Bronco sports on their lots. 2 with 1.5 Lt and 2 with 2 Lt engines.Groover wrote:
Dealer markups seem to have gone away around here. With the vehicles I see starting to pile up on the dealer's lots I expect to see some serious discounts soon.
Maybe in your part of TN but not ours. Local dealer just got in a F-450 Limited and has a $20K add on.F-450 Knoxville dealer showing Chevy duallies with a $5K add.3500 Lots are still pretty much empty here. Have lower level trims on vehicles, not much upper.- The days of the average or just above average income customer buying a new higher end pickup/full size SUV have been over for quite a while. Prices went up (even before COVID) way beyond the income increases. I imagine the OEM's will offer interest rate reductions as a way to move what cant move on its own. I doubt there are many buying a 100K pickup and borrowing all of it. You need to bring at least 50K into the deal to get a monthly payment that wouldn't make you vomit each month (at least for me).
Groover wrote:
Dealer markups seem to have gone away around here. With the vehicles I see starting to pile up on the dealer's lots I expect to see some serious discounts soon.
Many 1/2 tons have had small to decent discounts off msrp months ago.
Almost had to buy a new truck and had started looking, was Sept/Oct last year. At the time it was more limited to mid level and work trucks. But I’m sure the discounts are working their way up the truck food chain.- Dealer markups seem to have gone away around here. With the vehicles I see starting to pile up on the dealer's lots I expect to see some serious discounts soon.
4x4ord wrote:
frankwp wrote:
Bionic Man wrote:
frankwp wrote:
cummins2014 wrote:
Hard to believe that trucks have doubled in price since I bought my 2014 .
Trucks have not doubled since 2014, or even 2004 for that matter.
LOL. Have you shopped trucks lately? Prices may have not doubled since 2014 (not far off, but they have more than doubled since 2004.
My 2003 RAM 3500 Laramie (top trip at the time) was $35000. A comparable 2023 is around $90,000, with top trim levels above $100k.
My 2003 2500HD listed at $53,000CAD when I bought it new. The same truck (not diesel) similarly equipped now lists at $84,872CAD. That isn't even in the neighborhood of double the price.
Wow that 2003 seems too high? I don't have anything exactly comparable but we bought a new 2004 Ram Laramie 4x4 crew cab diesel for $39,000 CAD.
Prices I quoted were MSRP and are all in. Another thing to consider is that the 2023 version is much more truck than my 2003. More GVRW, better creature comforts, better fuel economy.- The interesting read about this post is if you do any research on the high cost of trucks, you come across all kinds of comments about dealers not being able to sell the high end trucks due to current pricing. Dealers are asking manufacturers for help in reducing the price. With interest rates high, cost of new and used cars high, the market is crashing. Sure, people are still buying, but 2 years ago dealers could add $5000-$10000 to the price of a vehicle and people still bought them. The dealers justified this as they needed to make money to keep the business open and people were dumb enough to pay the premium. Now that interest rates are high, people don't want to pay the markup but also don't want to pay $100K for a truck because it isn't about the amount, its about the payment. I haven't looked what a payment on a $100K truck is, but I'm guessing its north of $1000 a month. This forum lots of people will pay anything to get what they want, but the average person just can't afford that any more and companies aren't buying leave vehicles at that high cost. My company always buys the top trim in the model we get, but as of COVID, they have decided to buy out the leases and not get us new vehicles. This doesn't help the car industry since company leases are a big part of the used market turnaround.
