I suspect companies like Ford have a major problem. They do not manufacture cars (ok, mustang), their EV sales are dropping, and the money maker pickups are way too expensive for the average American.
Posted on 12/19/2023 1:18:16 PM PST by davikkm
I could afford it—but why waste the money?
A fair price is probably half.
Inflation/dollar devaluation.
The Fed had a 2% inflation target since the beginning. At 2% the dollar’s buying power is cut in half every 36 years. Now raise inflation to 20% and do the math (rule of 72). That’s how you end up with $100k pickup trucks and $1.5M tract houses. That and all the electronics crap they are shoving into them.
That’s a very desirable classic my friend....you’d better hang on to it!
Bought a new 1977 F-100 for $4200.00. Sold it after 100,000 miles and saw it still on the road for the next two decades. Times and trucks were different then.
One other point...I think used car businesses operate on a much lower gross margin percentage than my arbitrary example.
EV's are conceptually simple. Battery, wire, motor.
“Only a fool would pay that much money for a truck.”
You can spot the fools because there’s not a dent or a scratch on their fancy-fancy truck to betray the effects of honest work.
They’re called dime-store cowboys up this way. Shiny trucks, hats with no sweat on them, fancy jeans, fancy shirts, and belt buckles they bought and didn’t earn.
But they have a truck that costs more than the double wide they have their familiy living in.
They have to pay for the EV mess thatâÂÂs been created!! That is why Ford are priced so high.
$95k for an F150 is ludicrous.
Is this simply an issue with Fords?
I suspect companies like Ford have a major problem. They do not manufacture cars (ok, mustang), their EV sales are dropping, and the money maker pickups are way too expensive for the average American.
“My non expert opinion is that the car business is unsustainable in its current form.”
The UAW has killed the auto industry.
Only reason I feel the way I do is back in the 90s a neighbor that worked in parts at a local German import dealership knew I was looking for a used truck and found one for me.
He put with me with the sales manager and whilexstill making a profit he was still able to sell it to me for a reasonable price. That was the only time I ever felt like I got a fair shake at a dealership.
Not only that, he refused to accept my old truck as a trade in, stating he was only authorized to give me X for it and if I sold it myself I would make twice what he could offer.
Sure enough that’s exactly what happened.
Amazing what happens when a dealership tells you the truth.
Later we took my neighbor and his wife out for a very nice dinner as a thank you.
Having said all that, I get they are in business to make a profit but there’s a reason auto dealers have such a poor reputation.
I’ll get my 65 Willys Jeep back together someday.
Nice. I have an ‘84 CJ7.
They’re called dime-store cowboys up this way. Shiny trucks, hats with no sweat on them, fancy jeans, fancy shirts, and belt buckles they bought and didn’t earn.
But they have a truck that costs more than the double wide they have their familiy living in.
Three biggest lies told in Oklahoma:
“This truck is paid for”..
“This belt buckle I won”..
“I was just helping the sheep over the fence”..
I have a mostly apart 82 CJ7.
At least the bodywork is pretty much done. Powder coating to the rescue.
Where I live most dealers seem to be so full they’re parking new cars in the street. Probably hoping they’ll be stolen or smashed so they can collect the insurance.
Batteries not included.
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