This isn’t true “because of gas prices” used cars are going down a little because big dealers are discounting new vehicles soo much you would be an idiot to buy a newer used vehicle. A new truck gets better or the same mileage as a suv and a lot of bigger cars basically. My work car is a 2006 Pontiac grand prix and it gets 21 mpg. My 2022 ram limited with 3.92 gears loaded gets 18-19? Why would truck prices go down because of fuel cost? Everyone has to pay the same price and they get solo at mileage vs lost SUV’s and bigger cars. Now if we are talking about diesels then yes!!! They are dropping like crazy because people realize a new truck can pull what they have.
I'm going to butt into your conversation.
I don't think truck sales/prices are really going to move significantly. All car prices simply came up in the pandemic, and instead of coming down, they'll just become the norm.
I've noticed that most big Truck/SUV owners aren't going to change to a smaller car unless gas truly becomes unaffordable. I'm in the same boat. I need a truck. I have a Frontier, and honestly, the Frontier averages 17mpg, 21 on the highway. My EcoDiesel is probably the most fuel efficient vehicle I've ever bought, and that includes my CX-5 GT, which could barely break 26mpg going 70mph in cruise control.
I specifically bought mine because I needed something bigger than the Frontier, something more efficient than the Frontier, and I pretty much chose the 'best of the breed' as far as fuel economy because I do a lot of road trips. 33mpg on the highway isn't going to break any records, but it's something I can survive on. If gas prices keep going up, I'm more inclined to tell my boss that I use my truck for work-related stuff and he should pay me more to compensate (or simply expense my fuel, which I rarely do).
No “big dealers” around here are “discounting new vehicles so much”. Quite opposite actually. MSRP is the norm. Some are even tacking on extra.
Problem is a lot of these dealers and online car buyers got in WAY too deep offering crazy high amounts for used vehicles and it’s starting to catch up to them since nobody is buying them at those ridiculous prices. Hence the reason why many are making adjustments now and offering much less for your used vehicle. Not too many truck owners are making a killing on selling them now like they were a year ago when things were really nuts.
Gas prices are definitely not helping the situation. I know plenty of people who are selling or parking their trucks and planning to eventually sell them and then buying a much more fuel efficient car. Most of us need trucks for every day use but others only use them as a daily driver. That’s great when gas is cheap but those people quickly leave the truck market when gas prices drastically rise. I’m seeing a large inventory of used trucks on lots right now that are not moving. That’s never good for those of us that have a trade or want to sell a truck to a dealer. That was the only point I was trying to make.
I went to Mark Dodge first, but before I became a believer, I did a trial run at my local dealerships (3 of them). I really wanted to score a test drive in the EcoDiesel, and I did.
I handed them all my build sheet ($68,155 MSRP). I asked them all to give me their best price. They all looked at the sheet, pointed to the MSRP and said "This."
They all gave me some version of this story: They're not able to sell below MSRP because of the vehicle market, but other dealerships are charging OVER MSRP, so I'm getting a deal.
I'm sure I could've talked them down a little, but a little isn't enough, you can see above, I got over 15% off MSRP and 5% under invoice.
I wasn't going to put myself through all that effort when I just had to sign on the dotted line with MD.
I ********ted my way into a test drive and the next day I signed my order with MD.
90%? Do you have any source to back up that claim?
I'm not backing up this claim, but I'll chime in. That's exactly what I'm doing.
My truck came in last Tuesday, unfortunately, I was busy last weekend. I signed everything Friday, I own the truck now. I'm flying out this Friday to pick it up.
I got (2) $63 tickets to New Orleans, my wife and I are staying at our Bluegreen resort, MD is going to drive the truck to me, and my wife and I will get a mini-vacation out of it.
I'll be driving to Pensacola for Lunch at TuDo, Dinner at the Grand Marlin, and decide from there. Couldn't ask for a better deal.