Dealers lots are filling up

[Pbutler97]

Dealers lots around Ohio/western PA are filling up with certain models. Not many heavy duty trucks but I'm seeing a few Chevy and GMC 2500's sit for weeks before being sold and a lot in the pipeline. 1/2 tons are everywhere. Monitoring black book trade and used retail values, they're dropping like a stone. The Dealers I have recently talked to are holding at MSRP on new with one willing to go below MSRP on a 2500 that has been sitting for over 6 weeks. Expect them all to have to start dealing again. Sales are down and dropping. No wonder if you've seen the prices at the grocery store recently and follow the number of companies announcing layoffs or hiring freezes.

[Travlingman]

Pbutler97 wrote:

Grit dog wrote:

JALLEN4 wrote:

Grit dog wrote:

JALLEN4 wrote:
In Sept 2019 there were 3.45 million new units in dealer inventories. That is a number that has been over 4 million in the past. At the end of September 2022 dealers had 1.23 million units in stock which would include those ordered sold but not yet delivered or reported sold. One might imagine there is a long way to go before you could consider them plentiful!

Love obscure stats from the Googler, like when announcers find weird stats about athletes …
“Tom Brady has won 8 out of 10 games on a Monday night with a full moon…” type of thing.

All I know is around here, one of the MOST expensive places in the country to buy, well, about anything except seafood maybe, RV lots that were empty for 2 years are chock full, just about every dealer. Car dealers are filling back up. Very quickly and noticeably.
And since I happen to be truck shopping, have noticed that in other parts of the country, some trucks (half tons) are being offered at significantly lower than msrp again, and that trend increases by what seems to be weekly.
I’m increasingly confident that by the next presidential election, the country’s economy will be sitting approximately at the Rio Grande river! (It will have gone that far south…lol)
Unfortunate for some. I can’t wait for it to happen from a personal financial perspective.

I am sure you are right. It is much more accurate to ride around in your neighborhood and make your own assessment instead of looking at actual statistics. As a forty year new car dealer now retired, I somewhat know how this deal works and I will stick with actual real numbers!

Well, as a car dealer, why would so many dealers be suddenly offering big discounts again if inventory is still only about 1/3 of “normal?” That’s really scary cause it must mean even less than 1/3 of the “ normal “ amount of customers are buying certain types of vehicles?

3 months ago and for a year and a half previous to that, a local Ford dealer was telling everyone anything you wanted was 4-6 months out and with an added across the board $5K "market adjustment". Saturday they had 39 F-150s and 23 Super Duty's on the lot. Not in transit, not pre sold. They even have 15 Broncos lined up all in a row. As a thirty year new vehicle buyer, now working his butt off, I somewhat know how this deal works lol.

Please give this dealers name as he might have what I am looking for. I am also interested in these big discounts you talk of.

[Dadoffourgirls]

Pbutler97 wrote:

Bionic Man wrote:


And I’ll call BS on the 2500 gasser comment.

I'll call BS on your BS call.

Make up what story you want. I will call BS on the gasser concept. There is data available if you pay or search hard enough.

[shelbyfv]

It's good to hear that inventory is improving. It's annoying to not be able to get what you want. In my case there may have been a silver lining as I ended up with something that had been under my radar. It may turn out to be a better choice than what I thought I wanted.

[JALLEN4]

Pbutler97 wrote:

Grit dog wrote:

JALLEN4 wrote:

Grit dog wrote:

JALLEN4 wrote:
In Sept 2019 there were 3.45 million new units in dealer inventories. That is a number that has been over 4 million in the past. At the end of September 2022 dealers had 1.23 million units in stock which would include those ordered sold but not yet delivered or reported sold. One might imagine there is a long way to go before you could consider them plentiful!

Love obscure stats from the Googler, like when announcers find weird stats about athletes …
“Tom Brady has won 8 out of 10 games on a Monday night with a full moon…” type of thing.

All I know is around here, one of the MOST expensive places in the country to buy, well, about anything except seafood maybe, RV lots that were empty for 2 years are chock full, just about every dealer. Car dealers are filling back up. Very quickly and noticeably.
And since I happen to be truck shopping, have noticed that in other parts of the country, some trucks (half tons) are being offered at significantly lower than msrp again, and that trend increases by what seems to be weekly.
I’m increasingly confident that by the next presidential election, the country’s economy will be sitting approximately at the Rio Grande river! (It will have gone that far south…lol)
Unfortunate for some. I can’t wait for it to happen from a personal financial perspective.

I am sure you are right. It is much more accurate to ride around in your neighborhood and make your own assessment instead of looking at actual statistics. As a forty year new car dealer now retired, I somewhat know how this deal works and I will stick with actual real numbers!

Well, as a car dealer, why would so many dealers be suddenly offering big discounts again if inventory is still only about 1/3 of “normal?” That’s really scary cause it must mean even less than 1/3 of the “ normal “ amount of customers are buying certain types of vehicles?

3 months ago and for a year and a half previous to that, a local Ford dealer was telling everyone anything you wanted was 4-6 months out and with an added across the board $5K "market adjustment". Saturday they had 39 F-150s and 23 Super Duty's on the lot. Not in transit, not pre sold. They even have 15 Broncos lined up all in a row. As a thirty year new vehicle buyer, now working his butt off, I somewhat know how this deal works lol.

After buying for thirty years, you might have bought as many as I normally sold a day. But, it is good to know they are giving them away again...just not the ones where I live in Ohio.

[valhalla360]

BB_TX wrote:

The fleet sales is what pushes the numbers toward gas rather than diesel. Most 250/2500 work trucks in this area are gas. Privately owned trucks are more likely diesel even if they are used for nothing more than daily drivers. That may change with the costs of diesel on top of the cost of the engine.

Makes perfect sense.

Big gas engines can tow/haul a lot and the days of 100k miles and the engine is toast are from 40yrs ago. At the same time with all the electronics and emissions gear, diesels are no longer the simple devices that run forever like 40yr ago.

Companies tend to be less about ego and if their drivers need to listen to the RPM wind up a bit to get the job done, so be it as long as it's the cheaper option.

Having bought used, when I see a work truck, it's almost always gas. When you see a goorped up personal truck, it's usually diesel.

[Pbutler97]

Grit dog wrote:

JALLEN4 wrote:

Grit dog wrote:

JALLEN4 wrote:
In Sept 2019 there were 3.45 million new units in dealer inventories. That is a number that has been over 4 million in the past. At the end of September 2022 dealers had 1.23 million units in stock which would include those ordered sold but not yet delivered or reported sold. One might imagine there is a long way to go before you could consider them plentiful!

Love obscure stats from the Googler, like when announcers find weird stats about athletes …
“Tom Brady has won 8 out of 10 games on a Monday night with a full moon…” type of thing.

All I know is around here, one of the MOST expensive places in the country to buy, well, about anything except seafood maybe, RV lots that were empty for 2 years are chock full, just about every dealer. Car dealers are filling back up. Very quickly and noticeably.
And since I happen to be truck shopping, have noticed that in other parts of the country, some trucks (half tons) are being offered at significantly lower than msrp again, and that trend increases by what seems to be weekly.
I’m increasingly confident that by the next presidential election, the country’s economy will be sitting approximately at the Rio Grande river! (It will have gone that far south…lol)
Unfortunate for some. I can’t wait for it to happen from a personal financial perspective.

I am sure you are right. It is much more accurate to ride around in your neighborhood and make your own assessment instead of looking at actual statistics. As a forty year new car dealer now retired, I somewhat know how this deal works and I will stick with actual real numbers!

Well, as a car dealer, why would so many dealers be suddenly offering big discounts again if inventory is still only about 1/3 of “normal?” That’s really scary cause it must mean even less than 1/3 of the “ normal “ amount of customers are buying certain types of vehicles?

3 months ago and for a year and a half previous to that, a local Ford dealer was telling everyone anything you wanted was 4-6 months out and with an added across the board $5K "market adjustment". Saturday they had 39 F-150s and 23 Super Duty's on the lot. Not in transit, not pre sold. They even have 15 Broncos lined up all in a row. As a thirty year new vehicle buyer, now working his butt off, I somewhat know how this deal works lol.

[time2roll]

NamMedevac 70 wrote:
Diesel fuel. Business news says Less than 25 days and counting. cheers everyone

That was current inventory, not the day supply runs out. The refining continues 24/7.

Graph of gasoline:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPM0_VSD_NUS_DAYS&f=W

[opnspaces]

Drove past my local new car dealer lots. Ram is fairly full of new trucks. Toyota and Honda are still looking kind of sparse.

[FishOnOne]

Me Again wrote:
If there is not diesel for fright trucks, then the ecomomy will crash. And of course that is the plan by some.

Well said...

[larry_barnhart]

Only the last 2 years. chevman

[Grit_dog]

JALLEN4 wrote:

Grit dog wrote:

JALLEN4 wrote:
In Sept 2019 there were 3.45 million new units in dealer inventories. That is a number that has been over 4 million in the past. At the end of September 2022 dealers had 1.23 million units in stock which would include those ordered sold but not yet delivered or reported sold. One might imagine there is a long way to go before you could consider them plentiful!

Love obscure stats from the Googler, like when announcers find weird stats about athletes …
“Tom Brady has won 8 out of 10 games on a Monday night with a full moon…” type of thing.

All I know is around here, one of the MOST expensive places in the country to buy, well, about anything except seafood maybe, RV lots that were empty for 2 years are chock full, just about every dealer. Car dealers are filling back up. Very quickly and noticeably.
And since I happen to be truck shopping, have noticed that in other parts of the country, some trucks (half tons) are being offered at significantly lower than msrp again, and that trend increases by what seems to be weekly.
I’m increasingly confident that by the next presidential election, the country’s economy will be sitting approximately at the Rio Grande river! (It will have gone that far south…lol)
Unfortunate for some. I can’t wait for it to happen from a personal financial perspective.

I am sure you are right. It is much more accurate to ride around in your neighborhood and make your own assessment instead of looking at actual statistics. As a forty year new car dealer now retired, I somewhat know how this deal works and I will stick with actual real numbers!

Well, as a car dealer, why would so many dealers be suddenly offering big discounts again if inventory is still only about 1/3 of “normal?” That’s really scary cause it must mean even less than 1/3 of the “ normal “ amount of customers are buying certain types of vehicles?

[Me_Again]

If there is not diesel for freight trucks, then the ecomomy will crash. And of course that is the plan by some.

[NamMedevac_70]

Diesel fuel. Business news says Less than 25 days and counting. cheers everyone

[FishOnOne]

Pbutler97 wrote:
Dealers lots around Ohio/western PA are filling up with certain models. Not many heavy duty trucks but I'm seeing a few Chevy and GMC 2500's sit for weeks before being sold and a lot in the pipeline. 1/2 tons are everywhere. Monitoring black book trade and used retail values, they're dropping like a stone. The Dealers I have recently talked to are holding at MSRP on new with one willing to go below MSRP on a 2500 that has been sitting for over 6 weeks. Expect them all to have to start dealing again. Sales are down and dropping. No wonder if you've seen the prices at the grocery store recently and follow the number of companies announcing layoffs or hiring freezes.

That's good to hear.

I was in the Cincinnati/Dayton area earlier this month and I want to say I saw a chevy dealer with some trucks on the lot.

[FishOnOne]

Bionic Man wrote:
Maybe it’s a regional thing, but our local auto dealerships certainly are still very short of inventory.

And I’ll call BS on the 2500 gasser comment. I’ve seen reports in the past from RAM that an astronomical % of their sales were Cummins. And you can see it driving around too. Regardless of brand, if it’s a heavy duty it almost always has a diesel in it.

There was a time when almost all Ram HD trucks were cummins powered, but in the last few years I've seen an increasing trend of Ram trucks with the Hemi badge on the truck and there's no denying that and now I see several every day. I spoke with the guy who was driving this cab and chassis truck about his hemi powered truck. He said that his company was transitioning to hemi's.

You can call BS but we now know Cummins is coming out with gas engines and it must be for a reason.