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Never seen it happen before

Discussion in 'Gearheads' started by BReeves, Apr 2, 2021.

  1. BReeves

    BReeves Sharpshooter

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    Looked up the BB on my 2010 Chevy PU and it has actually increased in value from when I bought it a year ago. What prompted me was the guys talking on a Chevy forum about truck prices going crazy. Never had a used vehicle increase in value during the time I owned it. Crazy world...
     
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  2. Oklahomabassin

    Oklahomabassin Sharpshooter

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    Inflation
     
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  3. rickm

    rickm Sharpshooter

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    The only time i ever made money on a used vehicle was when my little GMC S-15 got hit on the LF fender and bumper and the insurance company totaled it and gave me double what i paid for it cause i said i wanted to keep the truck cause it was still drivable just had a hair lip on the bumper, and still own it to this day and that was 8 years ago.
     
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  4. MR.T.

    MR.T. Sharpshooter

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    My dad once had a 90 Ford 1 ton Dually with a diesel, the good diesel engine & a 5 spd trans,
    (This was before we became educated & renounced everything ford)
    I remember he paid 10,000 for it when he bought it, he drove it as a work truck for 4 years, sold it for 10,900. & it had about 45,000 more miles on it at that time.
    After he sold it he bought a 96 Dodge Ram with the Cummins & a 5 spd trans & we have never looked back. He still has the 96.
     
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  5. PanhandleGlocker

    PanhandleGlocker Sharpshooter

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    would rather be cummin’ than strokin’
     
  6. Catt57

    Catt57 Gill-Gun Guru

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    My Dad bought a used, low mileage, 2007 Silverado 2500HD in 2009 when GM was filing for bankruptcy and got such a good deal on it, that in current condition, it still books for more now than he paid for it then.
     
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  7. RVCooper

    RVCooper Marksman

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    Went with my son to a half dozen new-car
    dealerships a few weeks ago. I can't believe the slim pickings on their used inventory. Thin to virtually nothing. That's really weird. Never seen this before. That market must be smoking hot right now.
     
  8. Cowbaby

    Cowbaby Sharpshooter

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    Bought my wife a 07 Cobalt dealer demo car with 4kmiles for 10,500 and and a couple of years later in a gas price spike they were bringing 13,500 under 50k. Begged her to sell it but NNOOOOO.

    My old 01 Cummins I paid 10,900 with 156k in 2005 and could have sold sold it five, ten or fifteen years later for the same 10k. I still see every once in a while people asking 10k for them 17yrs later. Now that's what I call driving for FREE. 290k now and STILL hauling the mail.

    I don't believing in making a living to pay for a pickup. I believe in it working and making a living for me.
     
    Last edited: Apr 2, 2021
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  9. SlugSlinger

    SlugSlinger Sharpshooter

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    Exactly.

    And artificial lack of supply caused by the mandatory .gov shutdowns.

    And I will add, you haven’t seen inflation like we will experience with Biden and his spending habits.

    The value of the dollar is getting ready to be worth a lot less.
     
  10. SlugSlinger

    SlugSlinger Sharpshooter

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    The average price of a new car:

    1986 $12,651
    1996 $18,525
    2006 $23,892
    2016 $25,449
    2020 $40,107

    my guess for 2024 $60,000
     

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