Why Are Semi Trucks So Expensive Recently?

It is even more regional. Here Chicagoland, there is stagnation for quite a few months now while what you're reporting or the prices in Northwest or Florida are still exorbitant.

 

That and also the fact we have no state income tax is a huge draw. I live in a nice community that has a desirable lake. Tims Ford Lake to be exact. Lots of million and multimillion dollar homes on that lake but the rest of the community is more of your blue collar middle class type. The problem we have here as a realtor was telling me once, and it makes perfect sense, lots of money from around the Nashville area is swooping in here and buying up all available land and housing pushing up prices and pricing out lots of locals. But up around the Nashville area they have droves of money coming in from the west coast and northeast doing the exact same to the Nashville area. Every time in the past 5 years I thought to myself prices are going to stabilize soon, they haven't. I thought for sure the pandemic shut downs would crash real estate but as we saw the exact opposite happened. I don't know why it keeps sustaining but here we are.

 

Prices NEVER come down. They ONLY go up.

Corporate isn't going to give up profits.

When the economy crashed and people lost their jobs and started cutting back. Prices went up to keep the money coming in. When the economy started improving. BEFORE the previous administration. Prices stayed up and only got worse with the newly added tarriffs.

What we're seeing now is the new norm untill the next economic events.

 

Used equipment prices go up and down, up and down, up and down all the time.

 

Even used car prices are jacked right now. I think it’s mainly due to new cars production being bottlenecked because of the chip shortage and the wicked inflation we’re getting cause of all the money printing. I’d say trucks are in the same boat.

 

Just our little ford dealer in Prince George has 225 new, and 78 used vehicles on the lot.
The lot can't hold it all, so some are parked on the street.
There is no vehicle shortage in this area at all.
Dealers in the nearby towns also have ample inventory.
Truck dealers all seem to have some new trucks on the lot ready for sale.
We seem to be much better off up here.

New vehicles for sale in Prince George, BC | Prince George Ford

 

Local Dodge dealer has 109 new, and 71 used vehicles on their lot.
Chevy dealer has 145 new, 68 used.
Nissan, Toyota, Hyundai, Subaru, Kia, Honda, all have plenty of vehicles.
I looked at dealers in 6 towns around me, they all have stock, even a tiny town of 5,000 population, they have just 1 dealership, 64 new Fords, 27 used vehicles.

 

Paccar has 10 used semis.

And the only inventory in cars around here is used. One tried to sell me a 2004 Tacoma with 210k miles for 20g.

In Michigan. 5 acres of dot property is full of new fords waiting for chips.

 

I'm about 140mi west of you near Pickwick Dam on the TN River. Bought a 2000-ish sq ft house with 2000 sq ft workshop on 15ac for $280k

 

That's way above my price range but you can find that around here on an older house that needs work $$$ or a mobile home but probably a half hour or more from any convenient wal mart, kroger, etc and no pizza delivery.