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Are new truck prices starting to ease

Posted on 11/11/23 at 8:44 pm
Posted by LChama
Member since May 2020
3334 posts
Posted on 11/11/23 at 8:44 pm
Im lookin but just cant pull the trigger at these levels. What will be the catalyst that brings em down and how far
Posted by GREENHEAD22
Member since Nov 2009
20580 posts
Posted on 11/11/23 at 9:02 pm to
Was texting with a dealership this morning, Still asking MSRP, screw them.
This post was edited on 11/11/23 at 9:03 pm
Posted by notiger1997
Metairie
Member since May 2009
61304 posts
Posted on 11/11/23 at 10:31 pm to
What brand/model you want probably matters in if the dealers are willing to negotiate much
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
136265 posts
Posted on 11/12/23 at 6:23 am to
Wait longer if you can. Prices will plummet soon.
Posted by PetroBabich
Donetsk Oblast
Member since Apr 2017
5066 posts
Posted on 11/12/23 at 8:38 am to
I don't know but the lots I see have more inventory on them than at any time since 2019. Also not sure how the auto workers strike is affecting things.
Posted by SlidellCajun
Slidell la
Member since May 2019
16047 posts
Posted on 11/12/23 at 10:53 am to
quote:

Wait longer if you can. Prices will plummet soon.



How do you know?
Posted by achenator
Member since Oct 2014
3256 posts
Posted on 11/12/23 at 12:27 pm to
quote:

Was texting with a dealership this morning, Still asking MSRP, screw them.
what are you looking at? Only trucks i see commanding sticker are v6 raptor s
Posted by SulphursFinest
Lafayette
Member since Jan 2015
11363 posts
Posted on 11/12/23 at 2:56 pm to
It blows my mind that people still continue to buy at these prices
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
6964 posts
Posted on 11/12/23 at 3:16 pm to
quote:

How do you know?


I don’t think any of us have a crystal ball. It’s a prediction that I share as well. It’s been odd watching truck prices just climb higher and higher even though logic and market circumstances seem like they should come down. But people are starting to struggle quite a bit with inflation. We should be about done with the people that willingly buy at high prices leaving fewer buyers with disposable income to afford these elevated prices. The repo rate seems to be perpetually climbing. Interest rates are high.

Having said that, nothing economically has made sense for the last 3-5 years. Inventory appears to be back. It’ll be interesting to see what happens at the end of the year with remaining inventory. Just seems like prices have hit their climax. For all I know we are still the perpetual 6 months away though.
Posted by notiger1997
Metairie
Member since May 2009
61304 posts
Posted on 11/12/23 at 4:19 pm to
quote:

what are you looking at? Only trucks i see commanding sticker are v6 raptor s


I thought Toyota trucks still were getting sticker
Posted by GREENHEAD22
Member since Nov 2009
20580 posts
Posted on 11/12/23 at 6:27 pm to
XL, STX, XLT
Posted by deltafarmer
Member since Dec 2019
909 posts
Posted on 11/13/23 at 6:17 am to
High prices cure high prices.
Posted by BabyTac
Austin, TX
Member since Jun 2008
15858 posts
Posted on 11/13/23 at 7:43 am to
My neighbor bought a new Tundra about a month ago for $74,000. Ridiculous.
Posted by LChama
Member since May 2020
3334 posts
Posted on 11/13/23 at 8:52 am to
quote:

t blows my mind that people still continue to buy at these prices


Yeah i’d rather to drop a new engine in my current ride
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
6964 posts
Posted on 11/13/23 at 9:12 am to
quote:

Yeah i’d rather to drop a new engine in my current ride



This is where I'm at. 2015 Tundra paid off and has 170k miles on it. I'd rather spend $5,000 to put a new motor in and keep rolling than to pay $75k for a newer truck. Something has to break sooner or later, and I don't mind buying time until then. I've waited 3 years to this point, I'll wait another 3 at these prices. I've seen some of the trucks I've been considering used for $60k but it just doesn't make financial sense to do it. I did start a brokerage fund to save up for a down payment on the next vehicle. I'm basically throwing 2-3x what I want the truck payment to be into the fund and it's growing decently. For you guys in the same situation, I'd recommend going the same route.
Posted by BabyTac
Austin, TX
Member since Jun 2008
15858 posts
Posted on 11/13/23 at 9:25 am to
Same situation. 198,000 miles on mine, but runs fine.

Chevy was offering 0% last month, but on a $60,000 truck that’s still damn near $1000/month. I can afford it, but just seems ridiculous….esp considering it’s a Chevy. Crazy seeing how new GMC 2500 AT4’s are all over the place and they run $90-$100k.

I just made the decision to drive mine for another couple of years.
This post was edited on 11/13/23 at 9:50 am
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
4564 posts
Posted on 11/13/23 at 9:42 am to
You can buy a fishing camp for the price of new truck
This post was edited on 11/13/23 at 9:43 am
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53115 posts
Posted on 11/13/23 at 9:56 am to
quote:

This is where I'm at. 2015 Tundra paid off and has 170k miles on it. I'd rather spend $5,000 to put a new motor in and keep rolling than to pay $75k for a newer truck. Something has to break sooner or later, and I don't mind buying time until then. I've waited 3 years to this point, I'll wait another 3 at these prices. I've seen some of the trucks I've been considering used for $60k but it just doesn't make financial sense to do it. I did start a brokerage fund to save up for a down payment on the next vehicle. I'm basically throwing 2-3x what I want the truck payment to be into the fund and it's growing decently. For you guys in the same situation, I'd recommend going the same route.

I'm thankful for my 2017 truck that's only got 56k on it. I hope to drive it another 6 years and see what happens. At these levels I'd have to consider buying something other than a full sized truck. I'm just not willing to pay a $800-1000 vehicle note.

I don't need a truck for work, but I do use mine a lot. I could probably do fine with a Tacoma, but they are expensive too.
Posted by LSUSports247
Member since Apr 2007
979 posts
Posted on 11/13/23 at 10:59 am to
I’m looking at mid trim level chevy’s (LT, RST) and F150 XLT’s now. It seems you can get 2023’s low to mid 50’s now depending on some options.

I’m debating on buying now vs waiting another year or two. I just don’t see prices dropping much lower.

With the drop in prices also comes less on my trade in value too.
This post was edited on 11/13/23 at 11:00 am
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53115 posts
Posted on 11/13/23 at 11:28 am to
If we have a recession I suspect they'll decline some but no idea if that's going to happen. It's been about to happen for 2 years now.
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