Like colleges, buyers want bling. They want the latest technology and they are willing to pay $600 a month for it.
I wouldn’t pay $40k for the Gladiator, let alone 50k
If China ever gets to import their small trucks the ‘Big 3’ would be bankrupt.
You can buy a truck in China for 3K or less!
I really can’t understand how cars got so expensive.
The truck I drive - which is only 6 years old - has gone up almost 50% since the last time I bought it - crazy, who wants to pay $40-$50K for a rapidly depreciating asset. I will keep mine a lot longer unless some sanity returns to the market.
According to Scotty Kilmer (see youtube), Fiat/Jeeps are now overpriced junk. FIAT = Fix It Again Tony.
Wait a year or two now that cars don’t appear to be rusting out the way they used to. When sales levels crash dealers will be begging you to take cars off their lots.
The ridiculous prices are why we are still driving a 2002 Toyota van and a 2012 Toyota Prius both with over 150k miles.
I did buy a car for my oldest daughter last year after graduating college and getting a job prior to finishing.
I’ll buy one for my other daughter in a year or so when she finishes.
Outside that I’ll drive what we have into the ground.
I was excited for the new Jeep CJ revival until I read the specs and overall performance. They are seriously underpowered and that goes for the gas and Diesel version. I finally got a close up look at one and the quality was questionable. A can safely say the new versions are now were near what their predecessors were. I started to look into pickups and the prices are so out of hand its ridiculous. $x4 verses standard have always been different but now its quite a jump. I keep asking who can afford these and then insure them... Maybe I am just waking up on this but the cost is the same across the board for cars and trucks.
One of our local dealers has about 150 Jeep trucks on the lot. Waiting for the bubble to pop before I buy one. We should see a big price drop in the next two years. Currently you can a great deal on a 2018 Jeep wrangler, those are still sitting new on the lot.
American consumerism is founded on massive debt which keeps people working longer hours to service.
If there were no such things as loans or credit cards, our economy would shrink by 60%. And we would not be headed toward a $23 Trillion dollar debt fueled economic collapse.
I think it was Freeper Travis McGee who kept posting the famous quote about societies with fiat money have to necessarily end with a catastrophic financial collapse. The economy tried to puke up its debt in 2008/09, and the Fed prevented it by foolishly printing money instead of just taking the hit and be done with it.
In 2005, the national debt was $8 trillion. It is almost triple that 15 years later. Good luck with that. There will be a world-wide catastrophic financial collapse that we set off.
It is not a matter of if, but when.
$35k+ for a Jeep just seems a little much. $50k for a “Jeep Pickup” is nuts. You could get a decent Silverado for $50k.
Then car manufacturers caught on and started adding such accessories at the docks where the cars came in after import. Our business dropped. US manufacturers started including these items as standard equipment and prices went back up...and our business all but died.
Now, all the extra bells and whistles are keeping the retail prices way up. It's hard to find a new vehicle that doesn't have a security system, a backup camera, a 6 speaker sound system, a sunroof and all the little things that beep at you for whatever sensor gets tickled by a passing car, etc.
A year of so ago while checking out the new vehicles in the dealership while waiting on a recall fix I saw a Jeep with a $65,000 price sticker. That’s insane.
You can still special order new cars and trucks cheap
Few years back my wife special ordered her GMC 2500 4x4 HD w under a fleet code. Only option was AC and towing package top pull her 35 foot gooseneck horse trailer
Rubber floormats, roll up crank windows, no power seats, old style Am/FM radio, no Bluetooth or USB ports or touchtone screen, steel wheels (not aluminum/cast), manual mirrors etc etc
$18k less than optioned out truck same model.
I just got back from taking my daughter car shopping. Hyundai wants $62K+ for a 2020 G80.
Certified, pre-owned.
I saved $24,000 off sticker, almost half of original, for a car with 19,000 miles.
Warranty went bumper to bumper to 60,000 and/or 10 years.
Why would you ever buy new?
One big problem here us that WORK trucks are stupid expensive. A basic cab/chassis f350 superduty before the bed, cabinets and insurance is 6 or 7 hundred a month for 7 years or so. If your within 10 years of retirement it’s no go. This, of course, Jacks the price of used trucks to stupid as well.
I just bought a fully restored 1948 Plymouth Special Coup. My next car will likely be a ‘48 Lincoln V12.
You do realize this was propaganda? It’s from Yahoo. The underlying seed that is planted is a false fear of an approaching recession. Get it?
Time to shock the sticker prices in reverse. Don’t buy new.