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THE LOBBY A gathering place. Introductions, sports, showin' off your ride, birthday-anniversary-milestone, achievements, family oriented humor. |
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#1
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Anybody else raising an eyebrow at the GM truck market?
The pricing on full size 2500HD trucks is so crazy right now. Chevy Dealers are are listing 5 year old Silverados & Sierras at the same price or higher than they were brand new after incentives just 2 years ago. in late 2019, You could buy a new 2019 LTZ duramax 72K invoice brand new for near or sometimes under 60K at the end of the year. I thought that was tall money! Now that gets you into the 3-5 year old used market with lots of miles on the newer ones. Then some people listing there private owned trucks just to jump on the wagon to see if somebody will pay up huge money for worn out stuff. The local dealers here have nothing new available & just a handful of way overvalued used.
What is your projection? Do you think GM will will ever get the lots full again, & will there be decent incentives to be had some day? The cost of new trucks has increased by nearly 7%? & the dealers who do have them are now at sticker price. I don't know how GM is making ends meet. If they are not getting government help already, are we setting up for another bailout? I'm pretty sure they are not building respirators, & I find it hard to believe this is all about chip shortages. It has to be a much more involved problem? Thoughts?
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68 GTO 4-spd Convertible 78 S/E Trans am L78, WS6 Auto 78 S/E Trans am W72, WS6 Auto 79 10th aniv W72 Trans am 80 Indy pace car Trans am 89 Trans am GTA |
#2
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I couldn't say, but I will say when I was looking for a truck in 2015 and went to the GM dealer, they gave me the cold shoulder and a "whatever" when I was looking to test drive some of their trucks. When I saw the sticker price of a 4x4 crew cab 6' bed truck was $63k, I just couldn't believe it. I saw the sticker for a Duramax that was almost $75k. That was a house down payment! The Dodge and Ford trucks weren't much better, but their dealers were way more willing to try and work with me.
I bought a used Ford for $30k and that was a deal. |
#3
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This is not a GM issue. All the lots are almost empty. I could sell my 10k mile 2019 F150 for 5K over what I paid new. It is chip shortage and capitalistic / opportunistic greed.
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#4
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GM trucks got hit with an ugly stick (basically the whole tree) in 2019. Until they fire their current designer, I don't see myself owning any new GM products.
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"Those poor souls have made the fatal mistake of surrounding us. Now we can fire in any direction" 1970 Trans Am RAIII 4 speed 1971 Trans Am 5.3 LM7 1977 Trans Am W72 Y82 1987 Grand National |
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#5
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I have never been a fan of the upside down face on any vehicle. The blinkers should not be on the hood imo. Reminds me of the aztec. However the GMC 2500 isn't too bad. the reflectors in the wheel well trim is odd, but otherwise is good looking. The grill and trim on the high country is not as bad, but still prefer the look of the GMC in the 2500 series.
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68 GTO 4-spd Convertible 78 S/E Trans am L78, WS6 Auto 78 S/E Trans am W72, WS6 Auto 79 10th aniv W72 Trans am 80 Indy pace car Trans am 89 Trans am GTA |
#6
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Here's a good example. $14K + over the original sticker & its used.
some people are buying dumb that feel they have too right now for whatever their reason, but com'on now Might as well ask 6 figures, so it completes the look.
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68 GTO 4-spd Convertible 78 S/E Trans am L78, WS6 Auto 78 S/E Trans am W72, WS6 Auto 79 10th aniv W72 Trans am 80 Indy pace car Trans am 89 Trans am GTA |
#7
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The used car market is up in general, I thought I saw a figure the other day of on average 37% . That is all used cars, not just GM. My friend had a 2020 Colorado Z- 71 and traded it in on a new Silverado for $4000 more than they paid for it a year ago. Used car prices are crazy, same as housing prices.
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#8
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Truck and SUV prices are crazy across the board. My niece and her husband just paid 29K for a 2016 4-Runner and it was a base model and 2wd.
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69 Bird w/1970 400 block(409 cubes), #64 heads, hyd. roller, Q-jet by Jeff E., original interior, ps, pdb, th350, and 3.73 gears. Pump gas, street driven muscle. 3800 lbs. race weight. Best, 11.39 @118, my son's car. 79 T/A w/463, Scat crank, Eagle rods, Icon pistons, Lunati solid roller, 262/270, KRE 325 heads,Northwind intake, QF950 carb, full interior, ps, pdb, th350, and 3.73 gears. Pump gas, 3650 lbs. race weight. 10.72 @ 126 so far... no tuning yet. |
#9
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Smart people would negotiate truck purchases with air conditioner and lumber barter deals. Anyone think there will be a brassiere shortage coming? I don't mean that in a sexist way, purely market analysis, consumer impact perspective.
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#10
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When I bought my Duramax new in 2004 it was $40,000. After a couple years of $671. payments every month and a annual registration fee of $500. PLUS a smog inspection I was done with that mess. I can't imagine how one can justify paying $80,000 for a truck unless your making money with it. Yikes.
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“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race.” ― Calvin Coolidge |
#11
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Local dealer here is selling new Chevy 2500 trucks from $37-50K. Not highly optioned ones but basic WT trucks with the 6.6, trailer packages, A/C and power windows/locks. You know, what trucks used to be.
https://www.courtesysandiego.com/Veh...202500HD#close
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Ed 1968 GTO (Thanks Mom) 2006 Silverado 2007 Cadillac SRX 2015 Chevy Express |
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#12
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Fully agree. Most people drive these overpriced monstrosities around as a status symbol, particularly in the south. My 2wd mid 1980's Toyota pickup has done everything I needed for decades and I average 30 MPG in mixed driving conditions.
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#13
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The value of my truck went up 3200 in the last 2 months
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468/TKO600 Ford thru bolt equipped 64 Tempest Custom. Custom Nocturne Blue with black interior. |
#14
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Going by current asking prices, my 2013 2500 LTZ is worth what I paid for it over eight years ago.
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69 Z 302 M21 3.73 http://www.byjanmarie.com/camaro/Z28.html 69 FB 400 http://www.byjanmarie.com/firebird/69.html 69 Camaro 327 4sp. 4.10 http://www.byjanmarie.com/camaro/69camaro.html ( SOLD) 2002 Camaro LE/SLP-(sold) 1967 Nova SS-- 327, M20, 3.73, FRT Disc |
#15
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Everything runs in cycles. DK how long this cycle will be at the top of it's curve but if you can wait a year perhaps things will back to where they were in '19? Nobody knows and you can't time the market.
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#16
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In my part of PA dealer lots are bare. I was down in the Houston area a week ago and was surprised at how full dealer lots still were. I wonder what the ratio of lease/buy is? When I bought my truck back in 2018 the salesman told me I was a rare one, buying vs leasing. I don't see any new money moving into the area.
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#17
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The LS motors in GM vehicles have finally been gaining the reputation they deserve. Toyata has been living off of name only for years, same old tired engines and design. Honestly any domestic truck is Better than these foreign imposters. Supply and demand
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going bandit-Reynolds style |
#18
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Quote:
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#19
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We bought a 2020 Tahoe used last year the dealer called a few weeks ago and asked if we wanted sell it back at the same price we bought it for
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#20
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Quote:
perfectly comfortable as a daily, i honestly don’t know why people need more? |
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