Here’s how high new vehicle prices have gone

[Summitric]

October 21, 2021 by Adam Malik

Here’s how high new vehicle prices have gone​

As the value of used vehicles hit high all-time highs, so, too, do the prices of new vehicles.

Kelley Blue Book in the U.S. notes that US$45,031 was the average new vehicle transaction price in September. That’s another record high — the sixth straight month one has been set.

Compared to September 2020, that’s a 12.1 per cent increase and a jump of 3.7 per cent from August 2021.

The U.S. reported a shift in the vehicle mix in September. Consumers moved away from lower-priced sedans, compacts and entry-level segments toward more expensive pickups, SUVs and the luxury market.

Naturally, that shift would drive up the average ticket.

“The record-high prices in September are mostly a result of the mix of vehicles sold,” said Kayla Reynolds, analyst for Cox Automotive. “Midsize SUV sales jumped in September compared to August and full-size pickup share moved up as well. Sales of lower-priced compact and midsize cars, which had been commanding more share during the summer, faded in September. As long as new-vehicle inventory remains tight, we believe prices will remain elevated.”

 

[RXN]

In feb 2008 i bought my 1st new truck off the lot.
A 2007 GMC HD W/T 3500
Paid $32,000.00 for it. I remember sweating bricks as that was a lot of money.
Now that won't buy you much

 

[neilsleder]

In feb 2008 i bought my 1st new truck off the lot.
A 2007 GMC HD W/T 3500
Paid $32,000.00 for it. I remember sweating bricks as that was a lot of money.
Now that won't buy you much

If it’s low miles you could still almost get that for it now!

 

[RXN]

If it’s low miles you could still almost get that for it now!

Just rolled over to 300,000

Other then the rear wheel rust she is a clean truck.
Goal is to keep her til i cant drive no more. (Or until its illegal to run internal combustion engines)

 

[SUMMIT TREE]

Wow. The really crazy thing, I know people have spent more than 32K on a SxS.

 

[catalac]

I noticed the ford dealers I’ve searched online have disabled “window sticker” function. No more seeing msrp.

 

[neilsleder]

I noticed the ford dealers I’ve searched online have disabled “window sticker” function. No more seeing msrp.

Bet 90% of people out there have no idea how much they pay for their vehicles. Nobody buys a 50g or whatever price it is vehicle they buy a vehicle at their monthly payment amount and that’s all they know

 

[snoflake]

I have purchased well over 50 new trucks over the last 20 years (was buying for 4 at a time for a company). I just bought my first truck that i actually had to put a deposit on, and paid sticker price + retail on the aftermarket goods on the truck. Crappy mud flaps, greasy chrome bug deflector, and rubber floor mats. On the upside, i can already sell if for 7g more than i paid.

 

[team dirt]

QUOTE="neilsleder, post: 2993047, member: 13923"]
If it’s low miles you could still almost get that for it now!
[/QUOTE]
There’s 1st gen 12v dodges asking that much. Been looking for one to start fixing with my 12 year old so he has a cool truck when he turns 16. Not a chance of that happening at these prices.

 

[catalac]

I have purchased well over 50 new trucks over the last 20 years (was buying for 4 at a time for a company). I just bought my first truck that i actually had to put a deposit on, and paid sticker price + retail on the aftermarket goods on the truck. Crappy mud flaps, greasy chrome bug deflector, and rubber floor mats. On the upside, i can already sell if for 7g more than i paid.

Ditto, but likely 30 in 20 years, just ordered a new 1/2 ton for wife, $1000 deposit, plus ”no worry tire coverage”, and “all weather mats” at full msrp price. Said I don’t need either of those items, tires I will replace with ta kos right away and will get my own husky mats….sorry they are required will call you when truck arrives, groan. Likely better still than some dealers who are surely well above msrp for people financing. I had one dealer say they wouldn’t sell me a new truck for cash had to be financed, salesman was fairly deflated, my manager won’t allow cash deals because of exporting.

 

[Trukker]

I have purchased well over 50 new trucks over the last 20 years (was buying for 4 at a time for a company). I just bought my first truck that i actually had to put a deposit on, and paid sticker price + retail on the aftermarket goods on the truck. Crappy mud flaps, greasy chrome bug deflector, and rubber floor mats. On the upside, i can already sell if for 7g more than i paid.

You paid retail ..............? Thought that word wasn't in your vocabulary

 

[neilsleder]

Ditto, but likely 30 in 20 years, just ordered a new 1/2 ton for wife, $1000 deposit, plus ”no worry tire coverage”, and “all weather mats” at full msrp price. Said I don’t need either of those items, tires I will replace with ta kos right away and will get my own husky mats….sorry they are required will call you when truck arrives, groan. Likely better still than some dealers who are surely well above msrp for people financing. I had one dealer say they wouldn’t sell me a new truck for cash had to be financed, salesman was fairly deflated, my manager won’t allow cash deals because of exporting.

Wife and I were looking for a 1/2 ton truck for her. We were looking at used trucks went to multiple dealers and none of them would talk to us when they found out we were going to pay cash. That used to get you a better deal!

 

[snoflake]

Ya, the trick is to make sure there is no early payout penalty. Then finance, and pay it out after a month or 2.

 

[catalac]

…..

 

[freeflorider]

Yah this is why I buy the cheep ones, can’t afford a new bronco.

 

[pfi572]

Was the luxury tax passed and implemented for Jan 1/2022 on vehicles , boats , planes and chit ??
Can’t find out anything other then when it was talked about ?

 

[2kDoo]

In feb 2008 i bought my 1st new truck off the lot.
A 2007 GMC HD W/T 3500
Paid $32,000.00 for it. I remember sweating bricks as that was a lot of money.
Now that won't buy you much

woof
in 07 I bought a LBZ classic 62k no leather
2012 megacab longhorn 64k new off the lot

shits whack yo

 

[RXN]

woof
in 07 I bought a LBZ classic 62k no leather
2012 megacab longhorn 64k new off the lot

shits whack yo

Mines basic.

6L
Crew cab long box single rear wheel.
No power windows. No fancy options.

Its got power door locks and vinal flooring.
It is a 4x4.
Am/fm/cd and Ac.

No heated mirrors

 

[2kDoo]

Mines basic.

6L
Crew cab long box single rear wheel.
No power windows. No fancy options.

Its got power door locks and vinal flooring.
It is a 4x4.
Am/fm/cd and Ac.

No heated mirrors

NICE. You better keep forever now

 

[RXN]

NICE. You better keep forever now

That was my plan when i bought it.
I may buy another truck. But I'm hanging onto this one.