New truck prices are insane

[Six Turboed]

Price are high that’s for sure. Thru continue to rise on just about everything. It takes dome work but there are deals out there to be had.

 

[carlylelocke]

Have seen dealerships marking down 60k trucks by 15k recently.

 

[KYPOTLICKER]

Still high, but getting better. Same as post above, had a friend buy a new Ford F 150 Lariat for about 15k off sticker

 

[Sherman Bird]

Still high, but getting better. Same as post above, had a friend buy a new Ford F 150 Lariat for about 15k off sticker

Although that is an improvement, vehicles' prices are ridiculous anyway!

 

[Pull Ya]

Prices go up and quality goes down and most parts are on backorder--something seems wrong with this picture--LOL--Maybe we need new robots or people at corporate who speak English instead of French.
Jay

 

[HEMIMANN]

Prices go up and quality goes down and most parts are on backorder--something seems wrong with this picture--LOL--Maybe we need new robots or people at corporate who speak English instead of French.
Jay

Too late - Stellantis' trajectory is spiraling downward quickly. It will take yet another bankruptcy to either save it again, or chop and sell for parts.

Sad.

 

[Timsdually]

Same old story. I'm sure you could search the forum and find an almost identical thread saying new truck prices are insanely high from 10 years ago.
Just like 10 years from now there will be a new thread about new truck prices being insanely high.

 

[RamBum]

Just drove my new Limited home this week. Sticker was $81K and I paid $66K before tax and license. Probably just and average deal these days, but it had the options I wanted and I love the new truck.

 

[Sherman Bird]

Just drove my new Limited home this week. Sticker was $81K and I paid $66K before tax and license. Probably just and average deal these days, but it had the options I wanted and I love the new truck.

A. Congratulations in having enough credit to buy that beautiful truck!

B. IMHO, there ain't no way ANY 1/2 ton pickup is worth the 66K you say you paid, regardless of list. But, it IS your thing! I would hope you get many trouble-free years of use from it! The manufacturer hopes you'll trade again much sooner than that!

 

[turkeybird56]

Just drove my new Limited home this week. Sticker was $81K and I paid $66K before tax and license. Probably just and average deal these days, but it had the options I wanted and I love the new truck.

Just a side note.

Congrats on New Ride.
The HO output trucks are made and tuned for Premium Fuel. Just in case they did not tell you.

 

[Lysergic]

Just a side note.

Congrats on New Ride.
The HO output trucks are made and tuned for Premium Fuel. Just in case they did not tell you.

Ouch. Premium fuel requirements. 20+ years ago I owned a Mazda that required 93 octane. That was all fine and good, as premium was $1.40/gal. at the time and the vehicle only held 13 gallons. My issue came about 8 months later when they made the switch to 10% ethanol in all gasoline. The Mazda never ran right again. It did not like the 10% ethanol - at all.

Right now I'm enjoying the low diesel prices. At my last fill up, diesel was $0.05/gal. cheaper ($2.76/gal) than regular gas at my local Costco. I can't remember the last time I saw diesel cheaper than regular.

 

[HEMIMANN]

There is no such thing as something for nothing.

Our Mazda CX-5 turbo requires premium octane, but it gets 27 mpg compared to our Chevy V6 naturally aspirated getting 17 mpg. Do the math. Costs without accounting for benefits means nothing.

 

[carlylelocke]

Just drove my new Limited home this week. Sticker was $81K and I paid $66K before tax and license. Probably just and average deal these days, but it had the options I wanted and I love the new truck.

If I could find a 2025 Laramie for 45k I would do that!

 

[3TV]

Talk about insane prices ...

Today my wife and I were killing time and drove through the lot of our local Ford/Ram dealership. They had a F450 Platinum on the lot they were selling for $100,989. Right next to it they had a Ram 3500 long bed dually in Bighorn trim they were selling for $63,000. I know that doesn't compare apples to apples, but I couldn't help but think that someone would really have to want the extra bells and whistles that come in a top trim package to pay that much more for it.

 

[Docwagon1776]

Compare MSRPs from 2004 to 2014 vs 2014 to 2024 and you'll find that the annual increase in MSRPs has roughly tripled. Roughly $500/yr for the lower trims to roughly $1450/yr. More for the higher trims.

Wages kept pace pretty well at $500/yr, especially with lower interest rates since so many people finance. $1450/yr is tougher. Then add in interest rates returning to more historical norms and insurance costs skyrocketing, and it's definitely harder for large segments of the population to swing a new truck. The upper trims, it's even more pronounced.

 

[HEMIMANN]

Compare MSRPs from 2004 to 2014 vs 2014 to 2024 and you'll find that the annual increase in MSRPs has roughly tripled. Roughly $500/yr for the lower trims to roughly $1450/yr. More for the higher trims.

Wages kept pace pretty well at $500/yr, especially with lower interest rates since so many people finance. $1450/yr is tougher. Then add in interest rates returning to more historical norms and insurance costs skyrocketing, and it's definitely harder for large segments of the population to swing a new truck. The upper trims, it's even more pronounced.

Doesn't mean anything unless you compare against the Consumer Price Index inflation rate.
Likely they raised prices faster than the price index, but unless you have that data first, it's just numbers flung about.

I did compare college price inflation when my boys were in college 2014-2021. STATE public college prices were 3-1/2 times higher than what I paid AFTER inflation was taken into account.

It's unsustainable, which also why loan sharks bribed congress into making student loan debt the only debt not subject to bankruptcy. College is just a big business scam today. Yeah, people can say no to college, but not a lot of jobs then.
Fortunately, we CAN say no to Ram Trucks.

 

[Tulecreeper]

Doesn't mean anything unless you compare against the Consumer Price Index inflation rate.
Likely they raised prices faster than the price index, but unless you have that data first, it's just numbers flung about.

I did compare college price inflation when my boys were in college 2014-2021. STATE public college prices were 3-1/2 times higher than what I paid AFTER inflation was taken into account.

It's unsustainable, which also why loan sharks bribed congress into making student loan debt the only debt not subject to bankruptcy. College is just a big business scam today. Yeah, people can say no to college, but not a lot of jobs then.
Fortunately, we CAN say no to Ram Trucks.

Plenty of jobs out there - tens of thousands - welding, roofing, carpentry, auto mechanic, HVAC, electrical, etc. - that pay way more at entry level than most college degrees. Way more...

 

[DanAR]

Roaming through a few car dealer lots a couple of weeks ago on a Sunday just for grins and came across a Ford Bronco with a factory sticker topping $100,000!!

 

[Docwagon1776]

Roaming through a few car dealer lots a couple of weeks ago on a Sunday just for grins and came across a Ford Bronco with a factory sticker topping $100,000!!

Bronco Raptor. The fastest, yet also the ugliest, Bronco by far. I think they have not sold in the numbers Ford had hoped for. The market that could potentially be interested in it largely went for the F150 Raptor R, which is even more insanely priced.

 

[DeckArtist]

One of my customers had this financial bridge to cross several months ago. He owns an immaculate 2006 GMC Sierra crew cab SLE with 200K on the odometer. The engine needed replacement. We discussed the "big picture" considerations:
1) How much is a replacement or new truck going to cost"
2) What else will go wrong that is considered big ticket?
3) Is this truck worth such a large expenditure?

I advised him as to the cost of the engine. I also informed him that the next "Achille's Heel" is the M30/ 4L65 automatic transmission. In addition, the original A/C compressor, which worked fine, had reached the very outer wear limit in terms of the airgap of the driven plate to the drive pulley, and, since the compressor had to be removed during engine R&R, it would save time and money to just go ahead and install a compressor kit.

He is an accountant with a major corporation, and so he mulled over whether to spend upwards of $70,000 on a new truck, or put about $14K into this repair, all inclusive of an engine with 4 year, unlimited mileage warranty, a Jasper transmission assembly with all the upgrade modifications to insure it's longevity with a 3 year/ 100K miles warranty, a new factory flywheel, new motor and trans mounts, new drive belts and tensioners, new factory heater hoses, new thermostat and water pump, spark plugs, and reman starter.

Considering the body of the truck and the interior are in like new condition, and there is zero rust anywhere, (He is originally from near Green Bay, Wi.) he chose to repair the truck.

It has turned out extremely well for him, and he doesn't face all the caveats of new vehicle depreciation, being saddled with a big payment AND inevitable costs of repairs.

I'm seeing this trend much more frequently in the past 4 years, especially with older folks from the generation who have bought houses much, much cheaper than what new vehicles cost today.

My '05 GMC went 385k before the motor started smoking....hoping to get close to that in my Rebel. That said, I will likely not do that again since prices have been skyrocketing since 2020. My '20 Rebel cost me $55k....I could not replaced it for anywhere near that now.