Or is the price of trucks, new OR used, through the roof?

It’s hard to even find one!

Chip shortage from Covid last year. 10's of thousands of new vehicles "parked" in storage w/o the computer chip to make them run. A lot of car manufacturers canceled their orders during covid, while computer/cell phone companies kept up with demand. Now there is an overwhelming demand for the chip that makes the car run and not enough to cover the contracts. As such, used car prices are through the roof because they actually run. While you see bare dealer lots, with new inventory in storage because the vehicle can't be sold without said chip.

John, it is horrible and it seemed to start a few years ago. Prices are crazy

Mac

I kinda dislike the fact we've gotten to the point it takes a chip to operate a vehicle.

The price of low milage(under 50,000 km) used vehicles 2 years old or so, is near the same as new,has been that way here for quite a few years.
The price drops significantly on used vehicles when the odo is reading over 100,000 km.
A lot of the low milage used vehicles are lease trade ins.
My advice to anyone looking to buy a used vehicle is to buy privately off of someone you know who had it new.

Higher prices and shorter warranties today not a great combo.

I looked for a truck for over a year and finally found 1 I could afford.
2500 Chevy 2010 but it looks like a new 1. My new boss had it and didn't like for it to get rained on...lol
Told his wife she better take a pic of it before I left their house cause she wouldn't see it that clean again...lol


Donnie

Less than a week later I sent his a pic of 2 Tom turkeys lay'in on the flatbed and told him
it had already got bloody...he text back and said I could wash it off...lol

A few years back AutoTrader bought out Kelley Blue Book and since they have a vested interest in selling used cars they jacked the price is up to rip off the American citizen. Also, Americans being a materialistic culture are willing to pay high prices and keep paying and take longer to loans just to have the latest and greatest that's keeping prices high because the companies can get it.

yes but the price of everything is up

very close to the same as the price of gold

I think the CPI consumer price index is being deceived

if you only look at durable goods and fuel everything costs more

simple things like a fishing lure that was 3.79 in 2019 is 4.39 today

a 22 rifle that was 321 in 2019 is 379 today list price not sale price

a truck that was 6K in 2019 is 6K today with 15K more miles

even fast food seem higher some places I notice have a basket meal that looks like the normal price but they stopped including the drink and they get you for that seems like 10-11 dollars is the new price of a drive through meal per person. seemed like it was 7-8 a couple years ago.

Started back a lot further then most realize. Cash for clunkers took a LOT of the older vehicles off the road and the left overs are reflecting that. Here I see a lot of older yodas with over 300,000 miles on them and a price tag of over $4,000 on them. Many look like been wacked all around with a ball bat.

Yea it is John. I was at the dealership recently and walked the lot while getting an oil change. Every vehicle except jeeps were stupid expensive. 2019 Camry $26k. My buddy has the same one bought it used in 19 paid just over 20k. 3-5 year old f150 averaged $40-50k.

Also noticing there's little inventory for both new and used. I drive by a few lots on normal commutes and their lots are beyond thin

I live right handy to the Canadian border, just two miles away. There's a guy here in town who crosses the border and imports late model Canadian trucks for his dealership. I assume he's taking advantage that 25-30% exchange rate to make his money. He does a tremendous business and always has a lot full of shiny, relatively new trucks he turns over. He found a niche and is taking full advantage of it. Can't speak to his prices but they must be reasonable.

Bought my Tacoma in 2018 it came with a stack of manuals (6) and I was offered a stack of warranty options for the individual systems on the vehicle that’s how complex they have become how can anyone afford to fix that complex of systems if they poop out?

I took my 2015 tundra in for oil change and salesman approached me about trading it in or buying it out right. I questioned him about price and the speculative offer was around 29k. That got me thinking.
2022 tundras supposed to come with eco boost engine with way better mileage.
Hmmmmm!!!! Can I go a year without a truck?

So true. That's a big reason I'm buying another older truck next.

It’s ridiculous, i just saw an F-350 platinum with a list of $102k. I’m sure they apply a few rebates and sell it for $90k to make you feel special. I could have bought 2-3 foreclosed homes in 2009 for $102k. insanity.

My brother in law just traded a 2017 Tacoma for like $1000 dollars less than what he paid new in 2017 and added 50k miles. If that doesn’t show inflation I don’t know what does.

Yep, a bare bones truck is what we need...heater, AC, radio, and that's it. Back to basics. Knob controls,

There are more resources available to buyers today than ever before.
I basically bought my last truck sight unseen. Drove close to a thousand miles round trip to pick it up and it is exactly what I wanted. I could offer it for sale and make 12-13k on it within a week. Learn how to shop online.
Learn about adverse branding. Get aggressive, don’t be timid or ashamed to offer 2k below NADA or KBB trade- in. A year ago was a GREAT time to buy, foot traffic was nearly nonexistent. Dealer floor plans were getting underwater. Best time to buy I’ve seen in a looooong time. KAATN

Everything is inflated. We have been looking for a vehicle for my wife. We have a descent sized city within thirty minutes. 250k plus population. You can't find much of anything. We drove an hour and on a lot that usually has 150 cars they were down to 45. They can't get any in. They also will not budge on prices like they could in the past. I'm usually able to finagle a little bit, walk off, and have them chasing me at the door especially at the end of the month. Especially with cash. These guys wouldn't budge this round. What's on the windshield is what's on the windshield. They are willing to wait due to the scarcity of vehicles on the lot. There wasn't a single pickup left on the lot. We had to search and finally ended up getting her a 2018 for about 4 under book. I took it and ran.