Dude.....Businesses are.....you need that depreciation. By year end the used will be insane unless they can fix the chip problem. So yes. Used will be valuable. Dealerships need to stay afloat and businesses need vehicles.
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Business yes, but how many are writing it off?
I don't have any real idea of the % of owners who are in business and/or take a writeoff but I'd guess it's south of 50%. So what are the other 50+ % doing? Just ponying up over 100% of original sale price for a 2 yr old truck? I like the RAM but it isn't a 65' mustang or anything...
You (and others) make a good point for dealerships needing vehicles to resell, after all, next to service that's probably the #1 and 2 moneymakers they have. Parts adds some to the mix and a few have bodyshops too.
I get it that we are seeing a temporary shift in price, from "normal" incentives/values to an unrealistic 20-25% over valuation. If enough peeps pony up the benjamins then yes, that will set the new standard until supply catches up.
I still (stubborn old fool) don't see the economics behind everyday commuter folk who have a sound 2 year old truck deciding, "F it, I'll just pay over value for another, just cause'...".
Business yes, everyday Joe - ?
Lastly, someone please edumacate me on how banks and credit unions will lend 90-100% of these inflated values then when the market corrects, the buyer is upside down BIG TIME. Don't you think the repo's will start happening then? If I remember, the same stuff happened in the housing market in 2008-2010.
Not trying to argue (hate that in forums), just not sure what's driving this market in used trucks so hard.
