Truck prices are based off of what idiots will pay for them. So as long as idiots are willing to pay $80,000 to $120,000 for a truck the manufactures will gladly keep the prices there and then try to see if they can push them upwards. If 90% of the truck buyers refuse to pay those numbers, the manufactures will come down on the prices. Most people who spend that type of money on a truck, it's a status/image thing, most have very little use for a truck at all. So those people drive the prices way up for the people who really need a good reliable truck. The manufactures make ridiculous profits off of trucks and have done so for many years now. They could drop the prices by half and still make a very healthy profit. But certain types of people keep that from happening, by going out and spending $100,000 on a truck that will likely never have anything in the bed, other than some plants from Lowes or their luggage on the way to air port. Those people have completely screwed up the truck market. Until those people decide they don't need another truck or the economy actually gets to the point where the majority of those people can not afford to buy a new truck. The truck prices will stay about what they are.
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No announcement yet.
Will truck prices go down or is this the new normal?
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Originally posted by camoclad View PostCant give specific evidence but aren't internal combustion engines on the hit list? Shift to EVs? Seems like the market is highly manipulated. When EV inventory climbs, perhaps we will see prices for those cars drop. Heck, the govt may just give you one or two lol.
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Originally posted by camoclad View PostCant give specific evidence but aren't internal combustion engines on the hit list? Shift to EVs? Seems like the market is highly manipulated. When EV inventory climbs, perhaps we will see prices for those cars drop. Heck, the govt may just give you one or two lol.
In other news Europe is facing an impending energy shortage/crisis... Russia is slow rolling natural gas supply to them and surprise- surprise those thousands of windmills they spent billions of dollars on are sitting idle because there is no wind in the North Sea.[emoji23]
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Originally posted by jerp View PostI’m still a bit EV skeptical but it sure seems to be the way things are going. We are in the running to get the new Rivian electric truck plant - it would be built between Ft Worth and Aledo and employ 7,500 workers.
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Originally posted by texasdeerhunter View PostCan someone explain why the manufacturers are waiting on chips? I my knowledge, the chips that GMC is waiting on are the ones that pertain to the auto stop/start function. Which is a feature I hate anyway. Cant they just sell the trucks they’ve already built and exclude those chips??
Texas is supposed be building a new chip facility in Taylor TX. I believe its Samsung that is building it.
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I swear everything is rigged and a scam now. Chip shortage is like the bullet shortage, a bunch of BS.
Bottom line is if we had capitalism (unhindered) supply would never get this far behind demand. And it would surely catch up quicker when it was behind. Not sure why people can't see everything is manipulated and make up excuse after excuse after excuse. I mean we see the crap our own government does daily and how they spend our tax money but nah, this is just one chip plant that burned down and catching up from covid.
So one chip plant on planet Earth burns down and the whole planet is screwed?
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Originally posted by RiverRat1 View PostI swear everything is rigged and a scam now. Chip shortage is like the bullet shortage, a bunch of BS.
Bottom line is if we had capitalism (unhindered) supply would never get this far behind demand. And it would surely catch up quicker when it was behind. Not sure why people can't see everything is manipulated and make up excuse after excuse after excuse. I mean we see the crap our own government does daily and how they spend our tax money but nah, this is just one chip plant that burned down and catching up from covid.
So one chip plant on planet Earth burns down and the whole planet is screwed?
A new chip factory takes 2 years to build under the best conditions. I doubt the manufacturers even started scrambling until last fall.
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Originally posted by BlackoutRam2500 View PostAgree with you on some of this but no it's not just 1 chip factory. It's the government tightening restrictions on getting chips from China because of national security (that happened under Trump), it's the ports being jammed up in California (they have 75 container ships sitting off shore waiting right now) and it's on-time manufacturing policies coming back to bite all these auto manufacturers in the a**.
A new chip factory takes 2 years to build under the best conditions. I doubt the manufacturers even started scrambling until last fall.
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And again that's one tight industry for 1 out of how many chip plants in the world? There are 35 semiconductor companies. So one plant in one company goes down and a 3 year back log starts LOL... I want to be in that business!
IMO it's policies that make it impossible for others to start making chips (and bullets). Unhindered capitalism would have this solved quick.. But that doesn't exist anymore so....I guess we're screwed.
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