I didn't say they did. The point of the op is that truck prices have grown substantially over a short period of time. He isn't wrong and, while there are a number of reasons for it, the primary one is consumer demand and willingness to pay it. Trucks and large SUVs provide the best margins for manufacturers and they are likely to continue to push the price until the consumer breaks.

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Posted by WaWaWeeWa

Member since Oct 2015

15714 posts

Posted on 4/27/18 at 11:06 am to Will Cover

quote:
In 2010, the Ford F-150 for the highest model available had a starting MSRP of $46,740. In 2018, the F-150's highest model has a starting price of $64,275. That's a difference of $17,535 or roughly a 27 % price increase.

That’s 3.3% per year. What would a normal rate of increase be due to inflation?

I think it’s more, but maybe not as much as you think

ETA: after some research...
“According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.63% per year. Prices in 2017 are 12.0% higher than prices in 2010.”

So they are overpriced by 15% looks like

This post was edited on 4/27/18 at 11:09 am

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Posted by nola000

Lacombe, LA

Member since Dec 2014

13139 posts

Posted on 4/27/18 at 11:20 am to Will Cover

I love the articles with the red indicator arrows!

The childish, condescending, naysayers on this website deserve to have this shite rubbed in their face. Keep it coming

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Posted by jordan21210

Member since Apr 2009

14122 posts

Posted on 4/27/18 at 11:20 am to PearlJam

Prices have increased because materials, tech, and quality of materials have all increased as well. No one pays actual MSRP for a truck or SUV, consumers willingness to buy is because banks willingness to lend and lend at longer terms. The bubble, as it was in 2008 with the housing crisis, is with the banks and credit arms...not the manufacturer’s asking price. That said, after rereading the OP, I think the OP is somewhat making that correlation.

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Posted by nola000

Lacombe, LA

Member since Dec 2014

13139 posts

Posted on 4/27/18 at 11:33 am to Will Cover

quote:

It's not always about how much you make. It's about what you keep.

There are people who make 5 figures that have more net worth and savings than some people who make 6 figures.

This. This in abundance.

It's funny to listen to people brag about how much money they make or stunt in their fancy cars, boats and big ugly houses that their Bank owns. Our household brings in any given Year from between 55k to 80k yet we own over $400k in assets with $0 debt. All earned, not inherited. To look at us you would never know it. Small but high quality humble house, Used cars, etc. Some ppl just have different priorities. They want to live dat life, at any cost. We are frugal misers but we have non-stop disposable income

My wife has some rich clients and the ones with real wealth, you would never know it. The ones that look like big Ballers are in debt up to their eyeballs.

This post was edited on 4/27/18 at 11:36 am

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