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Are new truck prices attributed to a bubble, or are they here to stay?

Posted on 10/21/16 at 11:00 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78647 posts
Posted on 10/21/16 at 11:00 am
Case in point:

2016 GMC Sierra
2500 4x4 diesel

MSRP: $64,300

Where were pickup truck prices 15-20 years ago in relation to other vehicles on the market?

Are we only a few years away from them costing over 80k?

This post was edited on 10/21/16 at 12:00 pm
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 10/21/16 at 11:02 am to
Trucks used to be very basic in the interiors. Now they're fully loaded more so than cars.

Gotta be where the price went up
Posted by mpar98
Baton Rouge
Member since Jan 2006
8041 posts
Posted on 10/21/16 at 11:02 am to
basic economics...you want it bad enough, you'll get it...and theres enough that do

This post was edited on 10/21/16 at 11:04 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 10/21/16 at 11:03 am to
biggest change is that the ride and amenities in trucks have come so far in that time span that they've become much more of a daily driver option. the expense of these changes + the increased demand = super high prices. it probably is a bubble of some sort but i don't expect a "crash" to the bottom
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 10/21/16 at 11:04 am to
Is that a base model or what? Why do you need all the bell and whistles?
Posted by Bootyrich
Mandeville
Member since Jan 2015
1189 posts
Posted on 10/21/16 at 11:05 am to
quote:

2106 GMC Sierra 2500 4x4 diesel


quote:

MSRP: $64,300


Jesus that truck is a 100 years away from now!
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57015 posts
Posted on 10/21/16 at 11:05 am to
quote:

Case in point:

2106 GMC Sierra
2500 4x4 diesel

MSRP: $64,300



Actually its 43k, you choose some options that werent available 20 years more than likely
This post was edited on 10/21/16 at 11:05 am
Posted by TrebleHook
Member since Jun 2016
1356 posts
Posted on 10/21/16 at 11:05 am to
I think cheap credit has a part to do with it
Posted by ForeverLSU02
Albany
Member since Jun 2007
52582 posts
Posted on 10/21/16 at 11:05 am to
quote:

2106 GMC Sierra
2500 4x4 diesel

MSRP: $64,300
to be fair, they'll probably be flying by then
Posted by StarkRebel
Member since Sep 2014
2176 posts
Posted on 10/21/16 at 11:06 am to
quote:

Jesus that truck is a 100 years away from now!


2106-2016 = 90 Math iz tuff.
This post was edited on 10/21/16 at 11:08 am
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57015 posts
Posted on 10/21/16 at 11:06 am to
quote:

biggest change is that the ride and amenities in trucks have come so far in that time span that they've become much more of a daily driver option. the expense of these changes + the increased demand = super high prices. it probably is a bubble of some sort but i don't expect a "crash" to the bottom


vinyl bench seat with roll down windows and a standard cab will get you there
Posted by TigerSaints318
Shreveport
Member since Dec 2009
1814 posts
Posted on 10/21/16 at 11:08 am to
I think people are over using the idea of a bubble now a days.
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
87727 posts
Posted on 10/21/16 at 11:09 am to
After manufacturers noticed their target demo would pay 600 dollars for a cooler, they decided they weren't maxing out potential profits.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 10/21/16 at 11:09 am to
That's not a bubble, that is simple supply and demand. There's a adjusted market price now on trucks in really high demand.
This post was edited on 10/21/16 at 11:10 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 10/21/16 at 11:10 am to
pretty sure you can still get a base model dodge ram for not that much these days...and that truck will be a lot better/nicer than the medium-level trucks 15+ years ago
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 10/21/16 at 11:12 am to
quote:

There's a adjusted market price now on trucks in really high demand.

quote:

That's not a bubble


...

so when tulip prices faced an adjusted market price due to really high demand, that wasn't a bubble?
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
87959 posts
Posted on 10/21/16 at 11:22 am to
The MSRP is not really important anymore. I bought a '15 Sierra this year. Rough numbers from memory:
MSRP: $45,000
Advertised discount $39,500
I paid < $33,000
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/21/16 at 11:25 am to
Low interest rates
Bells and whistles
The fact that everyone drives a truck while a lot don't "need" one

High prices.
Posted by jflsufan
Baton Rouge, LA
Member since Mar 2013
5248 posts
Posted on 10/21/16 at 11:27 am to
quote:

vinyl bench seat with roll down windows and a standard cab will get you there


That was the first vehicle that I bought by myself. 1997 Ford F-150 XL Double cab. Vinyl seats, no carpet, radio but no CD or tape deck, roll down windows. But I did have AC and an automatic transmission. $18K. I loved that truck.
Posted by tke857
Member since Jan 2012
12195 posts
Posted on 10/21/16 at 11:28 am to
just bought my 20017 GMC 2500 Denali HD fully loaded for $60k gotta negotiate baw and i got them to throw in the truck nuts. free.
This post was edited on 10/21/16 at 11:28 am
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