Ugly Scene - Collapse in Demand for Trucks
06-03-2008 | 09:27 PM
#46
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Joined: Oct 2006
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From: Buffalo, NY
I will say that the collapse in demand for trucks will = the collapse in the economy...
obviously fewer people will be buying diesels "just to have one", but people make their livings with these trucks. the new sales will go down, used prices will go down, but "collapse" is a fairly strong word. I live in a fairly rural part of TX, and people are still buying and selling these trucks almost "as usual"
obviously fewer people will be buying diesels "just to have one", but people make their livings with these trucks. the new sales will go down, used prices will go down, but "collapse" is a fairly strong word. I live in a fairly rural part of TX, and people are still buying and selling these trucks almost "as usual"
You can't be serious! I think there's alot more important factors then pickup sales, they are a small portion of the auto market.
06-03-2008 | 10:00 PM
#47
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Ford has a good problem on their hands - they can't make enough small cars. So they'll increase capacity as they can. Good thing, because you have to sell a lot of small cars to make the profit of just one truck.
But when you combine housing, a slowing auto sector, tight credit, a weak dollar and the price of energy, it combins to drag down the economy.
06-03-2008 | 11:02 PM
#48
Administrator / Free Time Specialist
Joined: Nov 2005
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From: Birmingham, Alabama
My truck was at the dealer last week getting the lift pump replaced. The sales folks tried to sell me a new one while I was there, HA!!! Their "truck guy" called me the next day to tell me that they could only give me 7K on trade. After I quit laughing and we finished our call, I looked on Kelley Blue Book online. According to them I should expect to see between 11.2k and 13.7k, depending on condition, on my particular truck.
06-04-2008 | 02:20 AM
#49
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According to Automotive News:
"The prices dropped so fast," Dealer Mitchell Dale told Automotive News. "At the auction, with heavy-duty trucks, you used to get all the money. Now you won't even get a bid. It's just amazing."
On a side note, it's a fantastic time to buy a used truck.
Last edited by pronstar; 06-04-2008 at 04:11 PM. Reason: fixed typo
06-04-2008 | 06:02 AM
#50
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no... I''m saying IF we see a collapse in truck sales, it will be because we have seen the collapse in the entire economy. collapse is a strong word, etc.
06-04-2008 | 06:28 AM
#51
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From: Rochester, NY
I will say that the collapse in demand for trucks will not = the collapse in the economy...
obviously fewer people will be buying diesels "just to have one", but people make their livings with these trucks. the new sales will go down, used prices will go down, but "collapse" is a fairly strong word. I live in a fairly rural part of TX, and people are still buying and selling these trucks almost "as usual"
obviously fewer people will be buying diesels "just to have one", but people make their livings with these trucks. the new sales will go down, used prices will go down, but "collapse" is a fairly strong word. I live in a fairly rural part of TX, and people are still buying and selling these trucks almost "as usual"
06-04-2008 | 06:56 AM
#52
Administrator ........ DTR's puttin fires out and workin on big trucks admin
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For all those that complain about the cost of fuel,you had a chance to do something about it (sell or trade) a long time ago and didn't.
The days of $5 per gallon gas/diesel were predicted a couple years back.
Everyone had their head in the sand and didn't think it could ever hapen.
Now its predicted that gas/diesel will hit $7-8 per gallon. If you don't need a diesel truck or can't afford the fuel and can get out of it without totally losing your pants on the deal,its time to say goodbye.
If you think the cost of diesel is going to stop rising,you're nuts.
I used a yearly bonus to buy my truck,its been paid for since the day it rolled off the lot. The cost of diesel surely sucks,but without a truck payment it doesn't hurt nearly as bad as also having a $500 a month payment.
I've also got two other cars I can drive,so I don't have to drive my truck anyways. I still drive it almost every day though.
The days of $5 per gallon gas/diesel were predicted a couple years back.
Everyone had their head in the sand and didn't think it could ever hapen.
Now its predicted that gas/diesel will hit $7-8 per gallon. If you don't need a diesel truck or can't afford the fuel and can get out of it without totally losing your pants on the deal,its time to say goodbye.
If you think the cost of diesel is going to stop rising,you're nuts.
I used a yearly bonus to buy my truck,its been paid for since the day it rolled off the lot. The cost of diesel surely sucks,but without a truck payment it doesn't hurt nearly as bad as also having a $500 a month payment.
I've also got two other cars I can drive,so I don't have to drive my truck anyways. I still drive it almost every day though.
Telling us now that it is going to 7-8 dollars per gallon in the near future is simply setting the stages for more legalized extortion. I can afford the fuel, however that does not mean I am not going to complain about it, as like most of us. Good thing your truck is paid off, anyone who gets a 50-70k a year bonus tends to be "downsized" out of a postion on a regular basis.
Welcome to the depression boy's, I am sure the govt. will be hesitent to use that word more so than the "R" word,
.Tim
06-04-2008 | 12:41 PM
#53
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From: Ottawa, Canada
I haven't posted in awhile, but this is the perfect topic. After this deployment, I was going to get rid of my 02 QC gasser and get a 08 Mega diesel. Well, after finding out that I wouldn't get that much out of my current truck, I decided to wait. I owe a little on it and would break even if I was lucky. I just hope to get that Mega cab before Dodge stops making them (maybe after my next deployment).
06-04-2008 | 02:35 PM
#54
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From: Alvin
My wife said those exact words last night about her Aspen. She wants to get a bumper sticker that says "They can take my SUV when they can pry it from by cold dead fingers". She really likes it. Keeps her sane and the three kids alive. Funny thing is, if we sold her truck we'd lose about $10K on it. If we sold mine, we'd make about $10K. Currently, my truck is a garage ornament and what I save by driving the Intrepid, she spends on the Aspen.
06-04-2008 | 03:14 PM
#55
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From: Northern Iowa
In the end - it all comes down to priorities. Others cannot determine this for you in a democratic society, however it appears as though someone's starting to try to.
I would encourage us to keep a measure of flexiblity for future regulations, as well as a measure of ridigity in addition.
I would encourage us to keep a measure of flexiblity for future regulations, as well as a measure of ridigity in addition.
06-05-2008 | 12:01 AM
#57
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From: Germany but my Heart is in Eastern Oregon
I am no expert. But this would be my swag (Scientifically wild ___ guess) at it. I would bet that in the next few years the oil prices go back down to a more reasonable price.
Why because the American people will not put up with it. I see the Searia club and other tree huggen californian organizations getten the boot, when more oil wells are drilled and more refineries built.
Why because the American people will not put up with it. I see the Searia club and other tree huggen californian organizations getten the boot, when more oil wells are drilled and more refineries built.
