Dragonalain
Active VIP Member
It’s going to take a while for fire sales. But every month it will get worse. The more mortgages that get renewed at these rates will have some ppl thinking oh ch!t.
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New vs old
- Thread starter Cableguy
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It’s going to take a while for fire sales. But every month it will get worse. The more mortgages that get renewed at these rates will have some ppl thinking oh ch!t.
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Bnorth
Active VIP Member
Dec was slowest new vehicle sales month since 2019 that means that inventory is going to catch up on the dealer lots and more new supply means guys aren't going to pay $5k less than new for a used pickup anymore. Couple that with effect of increased interest rates and prices will moderate.
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- #23
Prices are going to come down shortly. Inventory is creeping up at dealers and sales will continue to slow. IMO unless it's a must I wouldn't be upgrading a vehicle right now, if you do i'd go used. Anyone buying new right now is going to be seriously upside down in a few years.
mur190
Active VIP Member
I was in the same boat in Feb 2020, had a 2011 Ram 3500 with close to 240k, had seen some hard km's and 7 sets of tires was starting to go to the shop on a regular basis.
Electrical gremlins were the most concerning, hours and hours of chasing and diagnosing, the straw that broke the back was, when the cruise was set going down the highway, if you rolled down both front windows at the same time the cruise would kick off... Sold it and picked up a 2019 CCLB F350, looking back it worked out perfect for me as covid pricing wasnt a thing yet. Its turned into a bit of a driveway queen and only has 27k on it, I picked up a 08 chevy half ton that I daily drive in hopes of keeping the F350 for a long time without stacking up big km's on it.
Electrical gremlins were the most concerning, hours and hours of chasing and diagnosing, the straw that broke the back was, when the cruise was set going down the highway, if you rolled down both front windows at the same time the cruise would kick off... Sold it and picked up a 2019 CCLB F350, looking back it worked out perfect for me as covid pricing wasnt a thing yet. Its turned into a bit of a driveway queen and only has 27k on it, I picked up a 08 chevy half ton that I daily drive in hopes of keeping the F350 for a long time without stacking up big km's on it.
In a market where every vehicle that rolls off the assembly line is pre-sold, a lower sales figure last month means that the manufacturers continued to throttle down production to prolong the inventory shortage and control sales prices.
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ABMax24
Active VIP Member
If every vehicle is pre sold, why is there 200 vehicles on the dealers lot
Depends on the brand though, dodge has lots. Local Toyota dealer only has one of each on the lot for test drives, everything must be ordered and is still up to a year out.
Bnorth
Active VIP Member
They're going to try and control supply as long as they can as they are enjoying insane profit margins but those multi-billion dollar factories can only be throttled back so much before it wrecks their cost structure. There is huge fixed overhead costs to those facilities so they need big volume to spread that across. The pre-sales and supply issue will last longer on loaded diesel 1 tons than it does on Hyundai sedans.
Ive never stepped foot on a toyoto lot in my life, so Ill take your word for it
neilsleder
Active VIP Member
Won’t change and can’t sample fact is that most people don’t buy vehicles they just make payments. And with the loans now going so long they always owe more money than they are worth so it keeps the price up
maxwell
Active VIP Member
absolutely nothing unfortunately. i have a few trucks sitting in said lots. The only reason we are keeping the orders is because the units have secured pricing from the order. from 2022-2023 models the price increased and it will again for 2024 orders. By the time those units arrive we will be paying 10k+- less than if we were to order the same thing. Dealers will have those units sold 10x over if someone backs out of them. We have all of our 2023 models already before we received most of our 2022 models and GMC is no hurry as they have already been written off in their books. They will get to them when they get to them essentially.
maxwell
Active VIP Member
i can tell you one thing, if your not happy with the paint on your current truck you wont be pleased with anything new. All of these new trucks are complete junk compared to 10 year old comparable model. Paint, chromes, anything they could pinch a penny on they did. Ive got brand new 2022 GMC trucks rusting.
LUCKY 7
Active VIP Member
lots of toyota's out there.
pfi572
Active VIP Member
All brands are terrible . Water base paint and can’t believe they can get it applied so thin.
Paint protection , ceramic coating , blah blah to try and keep something decent that was way to much money to begin with.
I had a Ford 1/2 ton in 2016 and was totally discussed with the plastics . Broken with the smallest little pebble and so on .
My old 2012 GMC Duramax hasn’t had one thing broken driving all the same roads and same rocks I told dealer .
Few years later I found out they inject coffee bean chaff into the plastic .
How Ford makes car parts from used McDonald's coffee beans
McDonald's produces more than 62 million pounds of coffee chaff that used to go to landfills. It teamed up with Ford to turn the waste into car parts.
www.businessinsider.com
Im sure someone will be glad to hear that.
handyandy
Active VIP Member
100%. my 2015 gmc is full of rock chips and inside of doors is already rusting. I wash it constantly too. I washed it 3 times last week and every time I wash it I find more chips and more rust. The new paint is garbage
