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Truck Prices - when will they fall
Posted on 5/4/22 at 12:24 pm
Posted on 5/4/22 at 12:24 pm
With the incoming (already here) recession and fuel prices rising like an OTer on peptides, does anyone wish to take a guess as to when demand will fall and along with it the price of trucks?
I don't necessarily need a new truck, but it would be nice to have a new one.
With that said, if I'm getting top dollar for my trade in (which goes down as new prices fall), wouldn't it really just balance out in the end. So why not just buy now?
I don't necessarily need a new truck, but it would be nice to have a new one.
With that said, if I'm getting top dollar for my trade in (which goes down as new prices fall), wouldn't it really just balance out in the end. So why not just buy now?
This post was edited on 5/4/22 at 12:25 pm
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Posted on 5/4/22 at 12:40 pm to SippyCup
When supply catches up.
As far as you last question, i think you'd be fine as long as you are paying MSRP and not over.
As far as you last question, i think you'd be fine as long as you are paying MSRP and not over.
Posted on 5/4/22 at 12:44 pm to SippyCup
I read the other day that GM expects the chip shortage to continue into 2023, so probably at least another year.
Posted on 5/4/22 at 12:53 pm to Brummy
quote:
I read the other day that GM expects the chip shortage to continue into 2023, so probably at least another year.
This very well may be true but I wouldn't expect a company trying to sell vehicles right now to say oh yea everything will be great in 6 months, just wait to buy your vehicle.
This post was edited on 5/4/22 at 1:26 pm
Posted on 5/4/22 at 12:54 pm to Brummy
quote:
I read the other day that GM expects the chip shortage to continue into 2023
Most are saying chip shortage will be over in Q2 2023. That depends on a lot of things between now and then though.
Posted on 5/4/22 at 1:26 pm to Brummy
Chip Shortage is based off of the current vehicle sales. Not a lot of people can afford 55k trucks at 8%.
Posted on 5/4/22 at 1:33 pm to BadatBourre
All they have to do is extend the loans to 8 or 10 years.
Posted on 5/4/22 at 1:48 pm to BadatBourre
quote:
8%.
I guess the only good news is some manufacturers are still offering 0 - 2%
Posted on 5/4/22 at 2:41 pm to SippyCup
Lots of car dealers trying to push manufacturers to keep the supply low. Dealers are doing better than ever but I don’t see manufacturers agreeing with that. Some decently large people in the auto industry believe things catch up 2024 Q1-Q2.
Posted on 5/4/22 at 2:46 pm to SippyCup
When chips become readily available and supply normalizes, so roughly 2-3 years
Posted on 5/4/22 at 3:36 pm to BadatBourre
quote:
Not a lot of people can afford 55k trucks at 8%.
You must be referring to the used vehicle market, correct ? $55k seems low for a new truck in 2022, from what ive seen .
Posted on 5/4/22 at 5:42 pm to BadatBourre
I got 3.6% Friday and my brother got 2 something on my old 2017.
Once they are caught up you will start seeing 10k to 12k off the more expensive trucks but you will see that much less on the trades.
Once they are caught up you will start seeing 10k to 12k off the more expensive trucks but you will see that much less on the trades.
This post was edited on 5/4/22 at 5:44 pm
Posted on 5/4/22 at 6:03 pm to Rize
Let's be honest. Truck prices will NEVER go down.
Posted on 5/4/22 at 6:34 pm to tigerpawl
MSRP won’t go down but they will start discounting the shite out of them if they have a ton or a new model is coming out.
Posted on 5/4/22 at 7:05 pm to Rize
When the chip shortage is over, prices will probably not come back down, but they will start the massive discounting again. They will have to. They will glut the market with inventory, just like they have done for decades.
Posted on 5/4/22 at 7:15 pm to SippyCup
quote:
I don't necessarily need one, but it would be nice to have a new one.
Funny, I said the same thing when I saw a Porsche Panamera Sport Turismo Wagon this past weekend - that thing was straight up XXX car porn. My girlfriend asked me if I’d been drinking.
But to your point, we’re not currently in a recession, but if demand softens enough because of higher rates and/or lower employment, or if the supply chain issues lessen, I can see prices normalizing at least somewhat over the next 12-18 months.
Posted on 5/4/22 at 8:25 pm to hall59tiger
quote:
Lots of car dealers trying to push manufacturers to keep the supply low. Dealers are doing better than ever but I don’t see manufacturers agreeing with that.
My buddy runs a German franchise store and he said they’d rather sell more cars at less profit because they are concerned about future service customers as most get serviced at the dealer.
Posted on 5/4/22 at 9:46 pm to SippyCup
quote:
Truck Prices - when will they fall
purely anecdotal, but this truck has popped up in my instagram feed multiple times over last few weeks. Started at $60k, then $59500, now $58500. Not sure if there's a reason this particular truck isn't selling. Just one example, but maybe used prices are starting to fall?
LINK
Posted on 5/4/22 at 10:15 pm to Stateguy
quote:
Just one example, but maybe used prices are starting to fall?
$58.5k for a used truck with almost 40k miles.
Prices may be falling from outer space but they are still in the stratosphere.
Posted on 5/4/22 at 10:39 pm to PhiTiger1764
quote:
$58.5k for a used truck with almost 40k miles. Prices may be falling from outer space but they are still in the stratosphere.
I just got 57k for my 2017 F-250 with 64,000 miles on it and that was trade in. I did pretty good on this truck. Sticker was around 83k and I had my brother do an in and out for 57k so I saved 9.45% taxes on 57k. Out the door price with what I negotiated off sticker was $22,500 for a $83,000 truck.
This post was edited on 5/4/22 at 10:54 pm
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