Is it just me or are others noticing that they cannot sell their used diesel truck for anything anymore? I understand fear of the coming elections. But this seems absurd, I'm finding so many nice trucks for such a cheap price.
Used truck market at standstill??
- Thread starter superswamper003
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Moved to Smoke Signals. Wasnt appropriate for the Sale section. Also deleted the duplicate thread on same topic.
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You are correct, the market is soft right now. I have friends and family in the business, and we were talking about it last weekend. But think it's more to do with inventory and interest rates. We went several years where ya couldn't go walk on the lot an buy a new truck with options ya want. So people were paying well over sticker, or buying used to get models they wanted.
I personally sold a 2013 F350 in 2023 for the same price I paid back in 2019. At a big discount from what I was offered for it in late 2020. Now in 2024 all the backlog has cleared, and you can go to a dealership and pretty much drive off in what ya want. However with prices over $100k for new top models, it's sure helping to hold the values on 2019+ stuff pretty nicely.
I personally sold a 2013 F350 in 2023 for the same price I paid back in 2019. At a big discount from what I was offered for it in late 2020. Now in 2024 all the backlog has cleared, and you can go to a dealership and pretty much drive off in what ya want. However with prices over $100k for new top models, it's sure helping to hold the values on 2019+ stuff pretty nicely.
Yeah used/new market is still nuts.
Getting parts Saturday... I was looking at a '25 3500 srw RCLB 6.6 gas WT for 58k
The CCLB DRE Denali where 94-105k
Also saw Chevy only makes the Malibu and Corvette for cars now as well IDK about the sister brands
Getting parts Saturday... I was looking at a '25 3500 srw RCLB 6.6 gas WT for 58k
The CCLB DRE Denali where 94-105k
Also saw Chevy only makes the Malibu and Corvette for cars now as well IDK about the sister brands
I saw a rcsb 4x4 1500 Sierra with a 4 cylinder for 54k, had rubber floor and few options other than some nice looking wheels.
I'm not getting any interest at all for my lb7 priced at 16k and it's well worth every penny. I see alot of nice trucks not selling, and they are listed for a bargain. Just 2 years ago things were quite different, when the chip shortage was going on of course. This is in Arizona
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I posted this in the Chat thread, seems appropriate here:
I about fainted at those prices. Unreal.
I about fainted at those prices. Unreal.
Coming from someone in the industry
Easiest way to say this is. From what I see
People can’t afford the prices with the current interest rates.
Great credit gets 6-7% on a used vehicle right now
“Ok” credit is 8+
I look to see some monster rebates come around and interest rates drop around the first of the year
Easiest way to say this is. From what I see
People can’t afford the prices with the current interest rates.
Great credit gets 6-7% on a used vehicle right now
“Ok” credit is 8+
I look to see some monster rebates come around and interest rates drop around the first of the year
It’s the time of year and dumbasses thinking that not buying anything due to the election is somehow smart. Typical for the car market here to fall off some around now. Back to school doesn’t help either
Buddy just got a loan to go buy a used truck and is at 7.29% interest rate. I can't find anything worthwhile for him. I am the one doing all the searching and actually looking at the trucks.
Two nights ago I went to look at an 05 RCSB advertised with a 5.3 and 113k miles, truck looked nice in pictures. Turned out it was a 4.8, cracked roll pan (not too bad but will need fixing), leaking oil (was just telling me no leaks), codes out the wazoo, and 200k miles on it. So that was a fun trip for nothing. Told him that he has a nice $5k truck and he needed to fix his ad and I left.
Two nights ago I went to look at an 05 RCSB advertised with a 5.3 and 113k miles, truck looked nice in pictures. Turned out it was a 4.8, cracked roll pan (not too bad but will need fixing), leaking oil (was just telling me no leaks), codes out the wazoo, and 200k miles on it. So that was a fun trip for nothing. Told him that he has a nice $5k truck and he needed to fix his ad and I left.
It's not just used diesel trucks. It's pretty much everything.
Older Japanese econobox cars that were quickly fetching $8k-$10k a couple years ago, are now sitting for weeks at $5k-$6k.
I've seen prices on older, limited production Camaros, Mustangs, etc. fall from $40k+ selling instantly, to sitting at $26k-$30k now.
Dirt bikes and mountain bikes are dropping like a rock. In the last month, I've seen several barely used 2024 year model bikes not selling at 40% off new prices.
Just bought and sold a house in an extremely hot real estate market, and that has slowed down dramatically. Homes are actually sitting for a few weeks now. Unheard of just a few months back.
My conclusion? Interest rates are hurting somewhat, but it's mostly that people just don't have the cash on hand that they did a couple years ago. It's taken a while, but the trillions of dollars of stimulus are finally drying up.
Older Japanese econobox cars that were quickly fetching $8k-$10k a couple years ago, are now sitting for weeks at $5k-$6k.
I've seen prices on older, limited production Camaros, Mustangs, etc. fall from $40k+ selling instantly, to sitting at $26k-$30k now.
Dirt bikes and mountain bikes are dropping like a rock. In the last month, I've seen several barely used 2024 year model bikes not selling at 40% off new prices.
Just bought and sold a house in an extremely hot real estate market, and that has slowed down dramatically. Homes are actually sitting for a few weeks now. Unheard of just a few months back.
My conclusion? Interest rates are hurting somewhat, but it's mostly that people just don't have the cash on hand that they did a couple years ago. It's taken a while, but the trillions of dollars of stimulus are finally drying up.
All I know is I had a relatively clean, lowish mile (60k) 02 Camaro SS I listed on facebook marketplace a couple of weeks ago, and it sold in 5 hours. Then I listed a set of Weld wheels I took off the car the buyer didn't want (or didn't want to pay for anyway), and they sold almost as fast. Things are definitely slowing down, but I wouldn't say the market is dead by any means.
Ya my brother has been selling $150k 25' "fishing" boats like crazy for past couple years on west coast of Florida. Not moving many trucks, but those who don't need to borrow money to buy toys, seem to be doing okay.. And the banks be doing 15yr notes on boats.. But he did come off his F250 2019 Platinum last month after holding it in inventory for almost two years on purpose. Said got his purchase price back on a retail sale.
Also my son sold his 05 F350 flat bed 6spd with a 6Leaker last week for $9500. When any 6.0L brings 10k, market is still doing well in my eyes... However I have a 98 Wrangler on FB for 4 months, and can't give it away...
Also my son sold his 05 F350 flat bed 6spd with a 6Leaker last week for $9500. When any 6.0L brings 10k, market is still doing well in my eyes... However I have a 98 Wrangler on FB for 4 months, and can't give it away...
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Since this was posted I still have had no messages for my truck. I'd hate to bring the price below 15k for a truck that has had over 16k worth of work done in the last 2 years
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I deleted the listing earlier today, I'll wait till after the elections and then post it back up