With Diesel at >$4.00/gallon, what will happen to truck prices?

[beast7.3]

The title says it all. What are you guys' opinions?

[Raul@Stealth Automotive]

Originally Posted by beast7.3

The title says it all. What are you guys' opinions?

i think truck prices are going to go down... expect to see a lot of factory rebates and 0% financing...

[TxPSD9673]

well i paid 4.10 today but i think one of two things will happen. one the diesel truck market will majorly decline so the truck prices will go down, or you will have to be rich to buy, and drive one lol. i see these new trucks hittin 70k

[TexasR.N.]

Originally Posted by TxPSD9673

well i paid 4.10 today but i think one of two things will happen. one the diesel truck market will majorly decline so the truck prices will go down, or you will have to be rich to buy, and drive one lol. i see these new trucks hittin 70k

I agree with you about the prices but I don't see how they are going to sell them. I mean 70K!!!! A little less than a year ago I looked at (was the dealer for parts not truck shopping) an F-350 King Ranch 4X4 SRW, gorgeous truck, sticker was close to 60K. I thought to myself "No way". I mean even with 0% financing yikes!
Craig

[Diesel Freak]

Yup, prices are already going down here and many more diesels are showing up in used car lots. Gonna get tuffer unfortunately. I think the demands are gonna start settling down a bit due to prices

[rtm038]

I think truck prices will pretty much stay where they are, unless the cost diesel goes through the roof- like $6 or $7 a gallon. Dealerships around me are selling them for invoice, but thats about as low as they'll go. A guy at work said the other day that he bets you can get one for like $15K off the sticker. I think that is extremely wishful thinking to say the least. The dealership would rather pay the interest (their floor planning) and let the trucks sit, then take that big of a loss. Remember that this surge in oil prices is a "bubble" and like all past "bubbles" (housing market, tech stocks, etc.), it will burst and when it does, the prices at the pump will drop like a lead ballon. Now I'm not saying diesel will return to under $2/gallon, but I'd bet it goes under $3. We'll know more as we get closer to the presidential election in November.

[planeoldguy]

My truck is too sweet to let go, therefore I pay more, Thank Dubya, If you lack the intelligence to figure out whats happening I suggest you buy a Pinto.

[rtm038]

Originally Posted by planeoldguy

My truck is too sweet to let go, therefore I pay more, Thank Dubya...

I too like my truck too much to let it go, so I'll continue to pay. Hopefully, we'll see some relief soon!

Originally Posted by planeoldguy

....If you lack the intelligence to figure out whats happening I suggest you buy a Pinto.

?.......

[Streak]

Oil actually dropped a bit today to $111/barrel, down from 120+ (I forget what the record is), which is nice.

In terms of the truck market, I would theorize that people who merely drove these trucks "because they like them" and don't do any towing/hauling will get rid of them. A larger supply of them pushes prices down. With really attractive used truck prices, fewer people will buy new trucks, and manufacturers will have to really push them. While I understand a lot of the reasons for loaded trucks costing near 60k, manufacturers have to start lowering the amount of profit they make on the trucks in order to continue selling them....

[rankroddin250]

I see oodles and oodles of diesel trucks flooding the local used lots. obviously the cost of fuel is efecting people. esp the ones that dont really need a big diesel truck. problem is now the dealerships are loaded with diesel trucks and they are still trying to get blue book for them! and the dealers around her DO NOT GO DOWN ON LISTED PRICE!

the market saturation is not going in the direction I was hoping it would so Im still waiting to buy a superduty.