Will Vehicle Prices Ever Decrease?

[Reburn]

I have to admit I didn’t look at it that way either until I watched this video.

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Good video thank you for sharing.

You want to be really blown away put that mindset of inflation stealing money to your 401k and savings. You will get pretty frustrated. That 100k you put away 2 years ago is only worth 92k today.

 

[woods89]

To a point.
What pickup owner ever wanted a multi folding tailgate that costs thousands to replace
or proximity sensors?
I know a lot of truck owners and I can't think of one who ever wanted that crap.

Hey now, I'm 5' 8'', and I'm kind of fond of my tailgate step on my F250.

This is a mixed bag for me. I certainly agree on the proximity sensors, but I will pay significant money for my backup camera and hands free phone connection. So maybe I'm part of the problem?

I traded an 03 F250 in on a 22 F250 a couple years ago, and I'm not interested in going back.

 

[CorbLand]

Then why do they buy it?

Most people I know that buy brand new do for two reasons.
1. Tax write off. Gotta have to spend the money, might as well spend it on something you get to keep.
2. Old people that are retired and have money to spend.

Businesses/business owners made more money than ever 2020-2022 and it’s still holding pretty strong.

One of the largest generations to exists is retiring. They are also the richest generation to exist.

 

[Reburn]

Most people I know that buy brand new do for two reasons.
1. Tax write off. Gotta have to spend the money, might as well spend it on something you get to keep.
2. Old people that are retired and have money to spend.

Businesses/business owners made more money than ever 2020-2022 and it’s still holding pretty strong.

One of the largest generations to exists is retiring. They are also the richest generation to exist.

I wish we could blame it on the boomers but that isnt realistic unfortunately.

U.S. population share by generation 2023 | Statista

In 2023, Millennials were the largest generation group in the United States, making up about 21.71 percent of the population.

www.statista.com

 

[CorbLand]

I wish we could blame it on the boomers but that isnt realistic unfortunately.

U.S. population share by generation 2023 | Statista

In 2023, Millennials were the largest generation group in the United States, making up about 21.71 percent of the population.

www.statista.com

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One of the largest and they are wealthy and retiring. They have money to spend. One is the key word there.

 

[mt terry d]

Hey now, I'm 5' 8'', and I'm kind of fond of my tailgate step on my F250.

This is a mixed bag for me. I certainly agree on the proximity sensors, but I will pay significant money for my backup camera and hands free phone connection. So maybe I'm part of the problem?

I traded an 03 F250 in on a 22 F250 a couple years ago, and I'm not interested in going back.

Admitting you're the problem is the first step. Good for you. LOL

Back up cameras and hands free phone do not need to be part of the standard package
that drives up the cost for those who don't want that stuff. And it's added for many times the cost of what aftermarket supplies it for and is designed so that you are required to go back to the dealer and pay through the nose when it fails.
...................................
How many consumers were clamoring for the Volt? Or the electric F-150
or that stupid looking tesla thing they call a pickup? Or electric vehicles in the first place? Without government force and bribes they wouldn't be made by the major auto companies.

 

[JohnB]

Good video thank you for sharing.

You want to be really blown away put that mindset of inflation stealing money to your 401k and savings. You will get pretty frustrated. That 100k you put away 2 years ago is only worth 92k today.

Or put that 100k into a high yield savings account and it's now worth 110k 2 years later.

Or if your 401k was invested in index funds that track the S&P500 it is now 127k.

Im pissed at the increase in my grocery bills and there is no way I'm buying a brand new truck but damn has the money I've been squirreling away for retirement done well.

 

[HuntHarder]

There are a lot of new features on new vehicles. Half of them I did not want, but in order to get the ones you want, they make others part of the "package". The multipro tailgate being one of them. At first I thought it was pretty dumb, but like other things on my new pickup, I have grown to like them. The amount of cameras on these new vehicles is insane and complete overkill imo. After using them for a while, I have grown to love them. I get a birds' eye view of my vehicle when parking or backing out. Turn on your blinker when towing a trailer and a camera comes on that shoots all the way down your blind spot. Backing out of a spot in a busy parking lot is like a whole new ballgame. Cameras shoot down both directions. Crazy where the innovation has gone. I to am against most of this "crap" but after using some of the new tech, it is pretty damn nice. Oh and the heated and cooled seats and AMAZING. If I never had half the crap this new pickup has, I would never miss it. After having it, I love it and would probably require it moving forward. By the time I buy a new pickup, I am hoping they are flying by then.

 

[woods89]

Admitting you're the problem is the first step. Good for you. LOL

Back up cameras and hands free phone do not need to be part of the standard package
that drives up the cost for those who don't want that stuff. And it's added for many times the cost of what aftermarket supplies it for and is designed so that you are required to go back to the dealer and pay through the nose when it fails.
...................................
How many consumers were clamoring for the Volt? Or the electric F-150
or that stupid looking tesla thing they call a pickup? Or electric vehicles in the first place? Without government force and bribes they wouldn't be made by the major auto companies.

I'm fine with them being options, and I can understand that some folks would prefer not to have them.

As far as markup, I'm a residential construction contractor, and my everyday life is vendors supplying me things, and me billing them to customers at rates that I'm sure some wish were lower. So I may have a higher tolerance for that!

As far as EVs, in my circle ( mostly less than 40, conservative worldview, self employed in the trades or ag) there certainly is some enthusiasm for them. I wouldn't want one for my work truck, or for a hunting/camping rig, but for my sales and estimating work an electric F150 would be great, and with my wife driving children to school every day (60mi) the Rivian SUV would be fantastic.

Pros and cons with EVs, for sure, but it's not all pros or cons. I will agree with you about heavy subsidization.

Not trying to be argumentative, I just have a bit different perspective.

 

[Dos Perros]

Newsflash: my comments were in reference to the bull crap regulations being pushed to make everything more green…. Smaller engines, more batteries, restricted water flow in faucets, less water in washing machines (means more loads of laundry canceling out water savings), banning gas stoves, mandating electric cars, solar panels for powering cities (I saw how well that worked in my home state of Texas), windmills that will never pay for themselves and end up in land fills, etc, etc, etc…..

How about the USMCA, negotiated by the Trump Administration?

It drove rules of origin requirements from 62.5% to 75% made in North America. That drove cost increases.

It also required equivalent pay of automotive assembly labor at $16/hour, where before Mexico was in the $2-$3/hr range. That also drove significant cost increases.

I think if you're in the business of pointing fingers at people you'll quickly run out of fingers.