Quote:
Originally Posted by mlh
I would like a new truck but I’m looking at close to 80 grand
Lynwood
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The MSRP price on the new ones hasn't moved anymore then normal, but the discounts off of new are significantly different.
Some examples
- Ram was running 20-25% off MSRP, now seeing ~12%
- GMC was running 18-22% off MSRP, now seeing ~10%
Basically, supply issues while demand stays steady have removed many of the new discounts which has super heated the used market. But... the spread between used and new has remained constant (which makes total sense as in a free market that is how is it supposed to work).
If you have a used vehicle, getting into a new vehicle isn't a winning or losing scenario as the trade cost has stayed constant. The only way to get ahead is to sell a used vehicle and hold the cash until the market resets (if it does). The way to lose is to get into the vehicle market for the first time (nothing to sell/trade).