So everyone's used junk just went up in value again. Maybe I can sell my 06 2500 Dodge single rear wheel diesel showing 126k for the thirty thousand I gave for it about 8 years ago.
Hmmm, pay off house nearly debt free.....no truckMore than likely.
Now you can't even afford and older one cause it's driving the cost of used trucks up.
In English is that consumer/ dealer driven truck price inflation...if so that will have a bursting point too....Don't forget that this is not unidirectional pricing pressure.
Car makers do not sell cars for what it costs them plus some arbitrary margin. They sell them at the price people are willing to pay.
When used prices go sky high because every flat bill chode wants a uselessly lifted truck, then the smart consumer will purchase new based on the value proposition. Over a long enough time span, this actually drives up the price of the new trucks too.
Don't forget that this is not unidirectional pricing pressure.
Car makers do not sell cars for what it costs them plus some arbitrary margin. They sell them at the price people are willing to pay.
When used prices go sky high because every flat bill chode wants a uselessly lifted truck, then the smart consumer will purchase new based on the value proposition. Over a long enough time span, this actually drives up the price of the new trucks too.
In English is that consumer/ dealer driven truck price inflation...if so that will have a bursting point too....
I think it will be more like a bunch of broke idiots with no money left to pays bills and a flooded cheap truck market. Because at this point if your willing to put out that kind of stupid payment plan, fuel price doesn't even hit your radar.Perhaps if fuel prices went up substantially again that could be the bursting point?
Yep, that would be the downfall.Perhaps if fuel prices went up substantially again that could be the bursting point?
I could not imagine 1k a month for 60 months