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Posted: 11/27/2014 7:51:39 PM EDT
[#1]
Lots of people can't afford a new truck, so they keep their old one longer. Used supply down, price goes up.
at least that's how I was told from the GD economists, kind of makes sense?
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Posted: 11/27/2014 7:54:09 PM EDT
[#2]
Wait until interest rates start going up, and financing for poor credit risks dries up...
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Posted: 11/27/2014 7:54:55 PM EDT
[#3]
Are you looking at Toyota trucks? They command almost as much for a used truck as a new truck costs
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Posted: 11/27/2014 7:58:20 PM EDT
[#4]
New trucks cost more...used trucks cost more.
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Posted: 11/27/2014 7:59:02 PM EDT
[#5]
I recently sold two trucks a 2004 chevy Super Sport with 140k miles for 12,500 and a 2005 Z71 crew cab with 255k miles for 14,100.00.
I was in total disbelief that I got 26,600.00 for those two trucks. I was expecting 8k per for a total of 16,000.00 I bought a new 2014 and paid cash for it. 
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Posted: 11/27/2014 8:01:45 PM EDT
[#6]
Quote HistoryQuoted:
New trucks cost more...used trucks cost more. I bought a Z71 crew cab in 2005 for 34k, three months ago I bought a 2014 z71 crew cab for 38k with the same options. I dont think 4k more in 9 years to unreasonable, I do know the 2014 is a much nicer, better built truck. |
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Posted: 11/27/2014 8:03:55 PM EDT
[#7]
Winter
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Posted: 11/27/2014 8:04:05 PM EDT
[#8]
Around 2007-2008;
- Gas went over $4.00 a gallon - American Axle went on strike Less supply of used trucks now with more demand. Plus, new truck prices have exploded. I'm not going to downgrade to something older & I'm not going to waste money on something newer until this one falls apart. |
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Posted: 11/27/2014 8:04:29 PM EDT
[#9]
Average age of a vehicle on the road right now is around 11 years old. People have been keeping their vehicles longer so less saleable used ones available. Either expensive or worn the fuck out.
End of the year you can always find current year trucks ten grand off, look for those. Bought my kid a brand new $31,000.00 Dodged 4x4 quad cab for $20,000.00. By comparison a used Chevy Z71 4 door was in the $23,000.00 range with 100,000 miles on the clock. Tough decision.... |
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Posted: 11/27/2014 8:07:44 PM EDT
[#10]
And about that cash for clunkers deal to get old and inefficient vehicles off the street? They let them all get parted out at salvage yards providing millions upon millions of used parts to keep those old and inefficient vehicles on the road. Gub'ment at its finest.
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Posted: 11/27/2014 8:14:18 PM EDT
[#11]
Cash for clunkers and new truck prices in the 40s and 50s
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Posted: 11/27/2014 8:16:29 PM EDT
[#12]
Just checked the Kelly Blue Book on my 2013 F-150 and I am shocked by how much the estimated price is.
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Posted: 11/27/2014 8:18:51 PM EDT
[#13]
I just sold my Dodge 1500... its listed in the EE. I guess I need to mark sold once I get on my laptop.
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Posted: 11/27/2014 8:19:23 PM EDT
[#14]
Just bought a 12 ram 1500 for 20k. Brand new sold for 32k.
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Posted: 11/27/2014 8:26:40 PM EDT
[#15]
After looking for a used 1/2 ton truck for my wife, finally just decided to go buy new. Bought a really nice Ford F150 xlt, quad cab, short bed, off road package truck for $37k out the door. Used trucks with 70,000 miles were $28k, so why not buy new.
Now i have brand new, never abused truck, full warranty, and a happy wife. Just a few months ago, i sold a 2005 jeep wrangler for $14,500. I was completely shocked people were fighting for it, especially since i paid $20K for it new and itd been used quite a bit. |
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Posted: 11/27/2014 8:29:17 PM EDT
[#16]
Quoted:
I realize cash for clunkers was a real nightmare in terms of removing perfectly good but old cars out of the circulation - but I recently started looking for late model truck and realized people still wanted "new" prices for them. I am thinking that since some people are opting for longer loan terms (longer than 60 mos) then by the time they are ready to trade them in, they are upside down. There was a news piece on this just now. Any thoughts? While not preferable, the longer loans aren't a big deal for people who don't trade in their vehicles. I kept my last van for 11 years, only got rid of it because the frame rotted out. My new truck will last a lot longer as I'm not in NH anymore and we don't exactly have anything that constitutes "weather" here. Just sun. Lots of sun. Almost no rain, and no salt on the roads. |
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Posted: 11/27/2014 8:32:23 PM EDT
[#17]
I know what you mean OP.
I've been scouting out full size Toyotas, Fords and Chevys, but the prices are crazy. I might as well buy a new one for what folks want for one that is several years old. |
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Posted: 11/27/2014 8:32:45 PM EDT
[#18]
If I had to replace my truck it would sticker close to 80K.
It's an 08 diesel with only 63K miles on it so I should be ok for a bit 
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Posted: 11/27/2014 8:35:24 PM EDT
[#19]
Prices are stupid high. C4C definitely didn't help. Beyond that with all the fuel efficiency demanded super cars that have been coming out year after year, I'd imagine that new trucks sales isn't what it used to be.
I kinda wanted to get a used Tahoe, knowing most soccer moms never did anything to actually use it. Prices are stupid high though. |
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Posted: 11/27/2014 8:35:41 PM EDT
[#20]
I was looking for a used 4x4 pickup for two months. Gave up and bought a Jeep 4x4 for winter use. Not many used trucks available and the prices were simply outrageous.
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Posted: 11/27/2014 8:41:35 PM EDT
[#21]
Quote HistoryQuoted:
I bought a Z71 crew cab in 2005 for 34k, three months ago I bought a 2014 z71 crew cab for 38k with the same options. I dont think 4k more in 9 years to unreasonable, I do know the 2014 is a much nicer, better built truck. Quote HistoryQuoted:
Quoted:
New trucks cost more...used trucks cost more. I bought a Z71 crew cab in 2005 for 34k, three months ago I bought a 2014 z71 crew cab for 38k with the same options. I dont think 4k more in 9 years to unreasonable, I do know the 2014 is a much nicer, better built truck. Oh, I was thinking about trucks a little up-market of that price point. $60k and up. |
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Posted: 11/27/2014 8:46:18 PM EDT
[#22]
Quote HistoryQuoted:
While not preferable, the longer loans aren't a big deal for people who don't trade in their vehicles. I kept my last van for 11 years, only got rid of it because the frame rotted out. My new truck will last a lot longer as I'm not in NH anymore and we don't exactly have anything that constitutes "weather" here. Just sun. Lots of sun. Almost no rain, and no salt on the roads. Quote HistoryQuoted:
Quoted:
I realize cash for clunkers was a real nightmare in terms of removing perfectly good but old cars out of the circulation - but I recently started looking for late model truck and realized people still wanted "new" prices for them. I am thinking that since some people are opting for longer loan terms (longer than 60 mos) then by the time they are ready to trade them in, they are upside down. There was a news piece on this just now. Any thoughts? While not preferable, the longer loans aren't a big deal for people who don't trade in their vehicles. I kept my last van for 11 years, only got rid of it because the frame rotted out. My new truck will last a lot longer as I'm not in NH anymore and we don't exactly have anything that constitutes "weather" here. Just sun. Lots of sun. Almost no rain, and no salt on the roads. The longer loans end up costing you a lot more money because most of the interest is front loaded. I took a 60-month with all the rebates because it was cheaper than taking the 0%. |
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Posted: 11/27/2014 9:03:54 PM EDT
[#23]
Quote HistoryQuoted:
And about that cash for clunkers deal to get old and inefficient vehicles off the street? They let them all get parted out at salvage yards providing millions upon millions of used parts to keep those old and inefficient vehicles on the road. Gub'ment at its finest. Most C4C vehicles never made it to the scrapyards. They were shredded. All vehicles turned into the program had to have their engines destroyed and had to be shredded at 180 days. Engines and engine parts are the most valuable parts on most cars, without them, and with the 180 day time limit, most scrapyards didn't bother accepting the vehicles. So the bulk of them got shredded. Fucking waste of good parts and it royally fucked the used engine market for a few years. |
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Posted: 11/27/2014 9:14:14 PM EDT
[#24]
I wanna know where the extra earnings are that help people afford 60k trucks.
meanwhile all I can find for 5k is beat up clapped out shit. |
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Posted: 11/27/2014 9:15:31 PM EDT
[#25]
Quote HistoryQuoted:
I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. |
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Posted: 11/27/2014 9:17:10 PM EDT
[#26]
Trucks are useful and inherently hold their value better than cars.
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Posted: 11/27/2014 9:20:50 PM EDT
[#27]
Quote HistoryQuoted: I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. I want to know where the extra earnings are that allow people to afford a 50 BMG. I guess it is all in the priorities.  |
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Posted: 11/27/2014 9:20:54 PM EDT
[#28]
Because bros gotta doze and they can't all afford $70K for a new one.
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Posted: 11/27/2014 9:22:58 PM EDT
[#29]
Quote HistoryQuoted:
Just bought a 12 ram 1500 for 20k. Brand new sold for 32k. You probably could have gotten a 2014 model for the same price. 
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Posted: 11/27/2014 9:26:22 PM EDT
[#30]
Quote HistoryQuoted:
I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. Maybe you need to work harder and gain a marketable skill set to become more valuable to employers...or get a job in the public sector. |
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Posted: 11/27/2014 9:27:44 PM EDT
[#31]
It's simple supply and demand, we went from 16.7 million new auto sales a year to a low of 10 million in 2009. We have still not reached that high of 16.7 million, but they should break 16 million this year. Trucks and SUVs were hit the hardest, and with the types of incentives that are out there right now buying new is the way to go and this is the time of year to pick up those remaining 2014s for cheap. The price of used cars and trucks actually went up 32% during this period and it's why you hear so many toyota retards talking about their out dated garbage having the best resale, but everything used is sky high.
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Posted: 11/27/2014 9:30:34 PM EDT
[#32]
Older trucks have lesser EPA standards and more horsepower/torque don't they? I figured people want power over lower mileage/low power standards.
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Posted: 11/27/2014 9:32:29 PM EDT
[#33]
Quote HistoryQuoted:
Older trucks have lesser EPA standards and more horsepower/torque don't they? I figured people want power over lower mileage/low power standards. Older stuff is almost always less powerful in this modern era. Even despite tighter emissions controls. |
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Posted: 11/27/2014 9:36:17 PM EDT
[#34]
i priced out a f250 power stroke the other day at $89k on the ford website
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Posted: 11/27/2014 9:38:04 PM EDT
[#35]
Quote HistoryQuoted:
Are you looking at Toyota trucks? They command almost as much for a used truck as a new truck costs That's the damn truth. |
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Posted: 11/27/2014 9:40:52 PM EDT
[#36]
Quote HistoryQuoted: The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. Quote HistoryQuoted: Quoted: I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. |
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Posted: 11/27/2014 10:07:31 PM EDT
[#37]
In 2011 I went looking for a nice low mile 07-09 mega cab diesel dodge ram. Every one I found was upper thirty thousand to low forty thousand. I finally decided shit, I can order a brand new 2012 crew cab diesel for only a few thousand more. So that's the way I went. Not worth going used at those prices.
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Posted: 11/27/2014 10:18:36 PM EDT
[#38]
So............I'm contributing to the decrease in available used trucks and the increase in prices.
'02 Tacoma with almost 250,000 miles and counting 
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Posted: 11/27/2014 10:39:06 PM EDT
[#39]
Really it all depends on what you are looking for. If you want a 1-2 yr old Z71 or XLT/Lariat with under 30k, your better off buying new in most cases. I just went through this last week with a long time customer who uses me to purchase all of their fleet vehicles. Used GM diesel trucks have been bringing crazy money now for 3 yrs. Dodges are the exception to the high pricing because well, its a Dodge truck. I am a licensed,bonded, and insured car dealer in Columbia, SC. PM me what you are looking for, and maybe I can help.
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Posted: 11/27/2014 10:45:26 PM EDT
[#40]
My 2008 F250 King Ranch edition, diesel, off road package, has only dropped in value about 4-6k. I paid 31,800 for it OTD with 14k miles on it in 2009. I just got offered 26k for it and turned it down. At 126k miles on it.
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Posted: 11/27/2014 11:08:06 PM EDT
[#41]
I have been knocking around the idea of leasing a GM or Chevy 2500HD gas work truck since early summer. After 30 years of business this is the first time where leasing makes sense for me over buying. After pricing trucks around late July-early August to just now again tonight I notice the exact same 2015 trucks at my local stealership have jumped nearly $3000 for the exact same trucks!
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Posted: 11/27/2014 11:14:50 PM EDT
[#42]
It's the same reason that used sleds are getting so expensive. The new ones are so insanely high priced, that more people want to buy used, driving up the used market. But sometimes I don't think they do enough shopping around, because it makes no sense to buy a used one for very little less than a new one.
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Posted: 11/28/2014 12:21:01 AM EDT
[#43]
Quote HistoryQuoted: Dodges are the exception to the high pricing Maybe in SC. Everyone around Houston seems to want a Cummins. |
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Posted: 11/28/2014 12:33:05 AM EDT
[#44]
Quote HistoryQuoted:
That's the damn truth. Quote HistoryQuoted:
Quoted:
Are you looking at Toyota trucks? They command almost as much for a used truck as a new truck costs That's the damn truth. My brother got turned around on an icy bridge 2 weekends ago in his '06 Tundra extended cab 2wd A/T. Almost got it stopped before it ran off the road and ended up on its side. Bluebook according to my brother was 8k. Insurance is paying him 14k. I think it has/had around 150,000 miles on it, but clean. |
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Posted: 11/28/2014 1:57:56 AM EDT
[#45]
New vehicles suck, prices are too high and paying higher prices for .gov required bullcrap is a part of it.
I'll dive mine until it's time for them to visit the scrap yard. |
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Posted: 11/28/2014 2:14:08 AM EDT
[#46]
Quote HistoryQuoted:
I recently sold two trucks a 2004 chevy Super Sport with 140k miles for 12,500 and a 2005 Z71 crew cab with 255k miles for 14,100.00. I was in total disbelief that I got 26,600.00 for those two trucks. I was expecting 8k per for a total of 16,000.00 I bought a new 2014 and paid cash for it. Like a MF'ng boss
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Posted: 11/28/2014 2:16:47 AM EDT
[#47]
Quote HistoryQuoted:
The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. Quote HistoryQuoted:
Quoted:
I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. You can't drive/show off the double wide down the strip on Friday nights.
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Posted: 11/28/2014 3:15:00 AM EDT
[#48]
Quote HistoryQuoted:
You can't drive/show off the double wide down the strip on Friday nights. Quote HistoryQuoted:
Quoted:
Quoted:
I wanna know where the extra earnings are that help people afford 60k trucks. meanwhile all I can find for 5k is beat up clapped out shit. The 72 month and longer loans are what allows Joe Sixpack to buy a $60-70k status symbol to park in front of his single wide. You can't drive/show off the double wide down the strip on Friday nights. Plus the f350 diesel dually can move your home in a pinch.
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Posted: 11/28/2014 3:33:03 AM EDT
[#49]
Sticker price on an F-350 at local ford dealer was over 70k and it was 2wd.
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Posted: 11/28/2014 3:36:14 AM EDT
[#50]
Quote HistoryQuoted:
Sticker price on an F-350 at local ford dealer was over 70k and it was 2wd. That's ridiculous. I guess when your customers are either: Wealthy urban pricks trying to look "country" Or Businesses that right off the expense and depreciation That price works for the market. |
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