Waiting on New Trucks thread.

Ford dealer called me last week trying to get me into a new 2022 F150 for 0.99% financing. I'd say the bubble on new vehicles is bursting as we speak. Obviously they aren't selling too well if they're throwing out that low of an interest rate.

 

I'm going to drive mine until I can't find parts to keep it on the road.

Since the used vehicle "shortage" I've heard of folks getting huge $$$$ for trades. Any offers anyone I know have gotten for extremely low mile vehicles in dang near showroom condition (I'm talking barely into 5 digits on the odometer in some cases) hasn't been offered anything worth writing home about.

 

Housing prices here are down 40%, used trucks, trailers, equipment 30% to 40% from 6 months ago.

Car companies are bombarding the tv with advertising and discount offers to keep car sales alive as it crumbles.
Many other items are also on deep discounts, from my new winter coat and boots I bought last week at half price, to my new cellphone.

 

The dodge dealer called me offering $18,000 off a new pickup.

Western star 49X trucks were $25,000 under msrp.

 

I haven't been impressed by any vehicles built in the last 5 years. There's a mid-2000s 2500HD GMC up the road from me I'm considering making an offer on. 6.0L LS in that thing will outlast the truck lol.

 

It will never come down to 145k but won't stay at 175k either. around 160k will be the price when everything settles. The price drop will happen with discounts,rebates,dealer incentives or just a price drop dealer specials.

 

Yeh but that "if" is happening all around . And how the economy and trucking is sliding down the scale . I can see those scenarios becoming reality in next 6 months

 

The leading indicator for our economy is the transportation index. One look will tell you that the worst is yet to come. The Amazon loadboard here in Vegas has a daily average of 80+ available loads. Two months ago, that number was in the upper 200s to lower 300s. I see empty parking lots everywhere, even Wally World. Buckle-up and bunker-down, Buckaroos!