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I suspect not many people are buying trucks right now, used or not. It would be hard to sell. It may not be bright to buy a truck worth more than your annual in
by jniedrauer 6y ago
I suspect not many people are buying trucks right now, used or not. It would be hard to sell. It may not be bright to buy a truck worth more than your annual income, but I don't think the situation can be entirely blamed on consumers. It's a systematic problem. Trucks like this are the only profitable sector left for US car dealerships, and they have gone to great lengths to get people on the hook for them. The result is pollution, dangerously large vehicles clogging roads, and consumers stuck in over their heads.
- fred_is_fred 6y agoIt's the opposite, a crap load of people are buying trucks right now, dealers are begging for more: https://jalopnik.com/not-even-a-pandemic-will-stop-american-demand-for-truck-1843582753 https://jalopnik.com/not-even-a-pandemic-will-stop-american-... Now - they are drawn by 0% financing which is hard to get on a used truck.
- x86_64Ubuntu 6y agoThat's terrible. That means when the COVID-19 lockdown is all said and done, and we find out that many jobs won't be coming back, many of these folks will be underwater on a truck. I say "jobs won't be coming back" because I've heard that many companies are using this lockdown to let go of divisions and employees they've always wanted to let go of, but never got around to doing.
- r00fus 6y agoOne of the comments on the link indicates the actual situation - Truck sales haven't increased, but are now relatively even more popular to other vehicles which have dropped in sales considerably. Most likely, as you say, by the good deals - 0% financing. How long this keeps up is hard to tell.