MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 58,084
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
With retirement getting nearer we will be adding a vehicle to replace the one that has been provided by the company. We're settled on a Tahoe. No definite date in mind, but I've been following prices for the last year. Recently I have seen some dealerships advertising new Tahoes at MSRP. Other dealers have ads with an MSRP of over $60K and a sale price of $47K without even talking to them. According to news reports, GM has been pretty much in shutdown recently and will start building 2021's at the Arlington plant on May 18th. What effect that has remains to be seen.
My boss told me his used car dealer buddy has been swamped with customers recently. His feeling is that most of them are using their relief check as a down payment.
It is really difficult for me to figure out what's going on. On one hand there are mile-long lines to get free food. Then I see reports of businesses booming and people buying big ticket items as though everything is just peachy. If we do reach a point where prices will be in a slump, when will it be? Wifey went to the butcher shop yesterday and said there's plenty of beef, but the prices are about 25% higher than last week.
Next time you're out and about, notice the number of paper plates on vehicles. Between tax refunds (which usually bring a high number of used vehicle purchases) and the stimulus money, there are a bunch of them out there now.