A tale of two model years: Price increase comparison

[Silby]

Agreed. But there is a tipping point in which someone's greed causes damage to other then themselves. Fixing that seems to be a socialist endeavor for which i am against, but waiting this out sure isn't fun...At some point, this economy has to go downward. Polarization of earners has long been in play, but it's nearing completion to a society of haves and have-nots.

Change is coming!! It won’t be long now.

 

[BrianKC]

https://www.ramtrucks.com/hostd/windowsticker/getWindowStickerPdf.do?vin=3C63R3CL9PG508684

vs

https://www.ramtrucks.com/hostd/windowsticker/getWindowStickerPdf.do?vin=3C63r3cl2mg540016

$11K base price increase over 2 model years. Not to mention the increase in options pricing, some by 50%. How long can they keep this up and still sell them? I suck at math, but that looks like 18.2% over 24 months. I know we were running 9% plus inflation in 2022, but I didn't think it was that high in '21...Maybe I'm wrong.

That's actually a 25% increase over 24 months...crazy! The good news is, I read recently that supply shortages have eased, dealer inventory is up, and dealers are starting to offer more discounts again.

 

[TotallyHucked]

It really is insane. I haven't had a car payment in several years but got tired of my cheapo daily's and started shopping for a Ram. Paid $31k for my '17 Sport with 71k miles. Last time I financed a 6-8yr old truck, it only ran me $18k. Granted, I found a few cheaper ones but not with the options I wanted, looking for a specific truck always makes it harder and more expensive (CC 6.4' bed Sport).

 

[Jammin3rdGen]

https://www.ramtrucks.com/hostd/windowsticker/getWindowStickerPdf.do?vin=3C63R3CL9PG508684

vs

https://www.ramtrucks.com/hostd/windowsticker/getWindowStickerPdf.do?vin=3C63r3cl2mg540016

$11K base price increase over 2 model years. Not to mention the increase in options pricing, some by 50%. How long can they keep this up and still sell them? I suck at math, but that looks like 18.2% over 24 months. I know we were running 9% plus inflation in 2022, but I didn't think it was that high in '21...Maybe I'm wrong.

 

[Jammin3rdGen]

There are a few recent news articles stating that the average age of passenger-driven vehicles on the road today is 12.5 years. My vehicles are all a bit older than that. I don't know who is buying the new vehicles, or how. Many of us prefer to have a make or model equipped for our needs and wants, with reasonable mileage and age as opposed to buying new. I can't help but think something is going to change as prices will eventually top out. Possibly the soaring high costs are marking the end of the gas-powered vehicles? We have seen it with other retail items, price/costs increase unreasonably for a product just before they are replaced by new and different technology or design.

 

[ashman155]

The only way that will happen if the consumer refuses to buy that product, which will never happen. Yes you would like a profit but raise everything by 1000% is stupid, but again we have no choice but pass the Vaseline around. Kiss me first, bend me over and grease the pole before you give it to me. Lol

 

[Tulecreeper]

Heard tonight, one of the news stories headlines was about being able to buy a new car , is now becoming a fairy tale. And that most people wont be able to do that anymore. And that a car loan payment now is averaging $1500 a month.

When I was in the market for my new truck late last year. I built my truck online and started to look. I found one locally that was almost perfect and bought it. The sticker price of my current truck, an early 2022 was $10k less than the one I built online.

And that is because people are buying what they can't really afford. I just picked up my new 2023 RAM and my payments are less than $400/mo. because I put 50% down. I could have just paid cash, but it's not like the old days where the more you put down the better financing you get. So I did what I did to keep the payments low. I'll probably make an extra payment every month and throw $1000 at the loan every quarter and have it paid off by this time next year.

People need to stay within their own price range or bad things will happen.