New truck?

KARNUT · May 25, 2022

I’m starting to see discounts on new trucks. Saw an ad for 6K off and 0 percent interest. Anyone thinking maybe I’ll wait? I know a one ton diesel driver who fuel bill has doubled. He’s looking at a mid sized car. He’s never owned one.

shakenfake · May 25, 2022

Yeah a few guys I know now are getting out of their trucks. One guy at work went from a '21 Tundra to a '22 Kia Stinger GT.

Someone else I know got out of their Silverado. Lots of grumbling from a few other guys around here

garagerog · May 25, 2022

Detroit never learns, "those that don't remember their past are condemned to repeat their mistakes." During the first oil shock back in the 70's Detroit was caught with their pants down, less expensive and way more fuel efficient Japanese imports made HUGE inroads into the US market, and went on to retain that market share. With Detroit's emphasis in recent years on the hugely profitable truck and SUV market, they've gotten almost entirely out of the car market, let alone economy cars. GM still has the Chevrolet Malibu with the 1.5T that gets decent mileage, Ford and Chrysler may be the least well positioned, the Mustang, Challenger, and Charger are hardly mpg champs. What about the Lightening and E-Mustang you say? Simple answer, there will not be enough lithium batteries available, there is already a shortage.

KARNUT · May 25, 2022

19 minutes ago, garagerog said:

Detroit never learns, "those that don't remember their past are condemned to repeat their mistakes." During the first oil shock back in the 70's Detroit was caught with their pants down, less expensive and way more fuel efficient Japanese imports made HUGE inroads into the US market, and went on to retain that market share. With Detroit's emphasis in recent years on the hugely profitable truck and SUV market, they've gotten almost entirely out of the car market, let alone economy cars. GM still has the Chevrolet Malibu with the 1.5T that gets decent mileage, Ford and Chrysler may be the least well positioned, the Mustang, Challenger, and Charger are hardly mpg champs. What about the Lightening and E-Mustang you say? Simple answer, there will not be enough lithium batteries available, there is already a shortage.

Hyundai was our replacement for favorite GM cars. Our first the 05 Elantra GT is now being driven by my grandson. My mid life crisis car was a Genesis coup. Our replacement for the rear drive Impala is the Genesis sedan. My first personal SUV was a three row Santa Fe. As they gain popularity GM sheds theirs. Every Hyundai model has a performance edition of each vehicle currently or in the works. Like GM used too.

Chevyguy85 · May 25, 2022

Well that's good to know. Unfortunately this truck "crash" isn't coming at the right time for me to get into a newer pickup. Definitely not paying $80k+ for another dually. $150-$250ish every 2 weeks in diesel is still cheaper than payments. Fuel will go back down. Either way my 10-14 mpg will have to do for another couple years.

OnTheReel · May 25, 2022

Been scouting deals on a Jeep for my wife and pricing seems pretty tight still. Any perceived crash in the truck market would probably be tied to a general crash of the economy, just as much as fuel prices. Wait till you see what happens to real estate.

Chevyguy85 · May 25, 2022

Yeah I'm waiting. I remember 2008ish when fuel was high and the housing market crashed. I was waiting for one of those to happen again to get into a truck cheaper or buy a couple houses to use as rental properties. A certain virus screwed that idea up this time.

KARNUT · May 25, 2022

10 minutes ago, Chevyguy85 said:

Yeah I'm waiting. I remember 2008ish when fuel was high and the housing market crashed. I was waiting for one of those to happen again to get into a truck cheaper or buy a couple houses to use as rental properties. A certain virus screwed that idea up this time.

I with you. I learned from the late 70s crash. 08 was a little blip for me. This one’s more the same. People never learn.

Chevyguy85 · May 25, 2022

My grandparents/dad used to tell me about the 70s gas crunch. Only being able to fill up your vehicle on certain days because they limited it to I think the last number on your tag (evens and odds). Also remember stations would have a certain gallon limit. They told me about driving "old blue" our '73 c10 through the desert I think and finding a station that said absolute fill up. At that time that poor C10 was still a tow truck so it had an aux tank. They filled up with 80-100 gallons and said they went by that station the next day and the "absolute fill up" sign was gone lol

KARNUT · May 25, 2022

21 minutes ago, Chevyguy85 said:

My grandparents/dad used to tell me about the 70s gas crunch. Only being able to fill up your vehicle on certain days because they limited it to I think the last number on your tag (evens and odds). Also remember stations would have a certain gallon limit. They told me about driving "old blue" our '73 c10 through the desert I think and finding a station that said absolute fill up. At that time that poor C10 was still a tow truck so it had an aux tank. They filled up with 80-100 gallons and said they went by that station the next day and the "absolute fill up" sign was gone lol

I was working for my father in New Jersey. There’s was one crunch time I remember going to the yard and siphoning fuel from parked machines and going to job-sites filling working equipment. Lean times.