How‘s sentiment right now? What do you guys think about the latest gas prices? Anyone regretted buying such a truck? I‘m honestly wondering if I should bring it back (still can at no cost) and go with something different. Not so much because I can afford gas prices but I‘m concerned that recently paid premium prices for the truck will tank significantly. Used car sales already dropped to recession like figures. Probably bad timing in the market. I should have kept my 2017 Yukon and sit it out.
Gas prices making anyone reconsider?
- Thread starter Ketzer
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SSGUNNER
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Well I just hit 1 yr of ownership a week ago on my 21 and can honestly say I have no plans to get rid of it specially because of gas prices. Im in SoCal which that alone tells you we have one of the most expensive, ridiculous gas prices in all of the US with the cheapest for RUL is approx. $6.19+. I guess I can say I dont drive it as much as I have other vehicles but when I do and fill up, I’m spending and extra $20-$25 on my fill opposed to a year ago so I mean an extra $20 or so is by no means grounds for me to get rid of this sexy beast. I see more and more on the road everyday.
No, I’m also paying for safety in driving my beast.
Stbentoak
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Right now they are conditioning us so that when it falls back to 4.50 ish…we will be ”elated”.
2.00 gas happened briefly, but that is never coming back.
Like housing, this is part of a great reset into conditioning us into new acceptable pricing for a lot of items. When inflation recedes, we will be “happy” to pay these new, but still higher than normal, high prices….
2.00 gas happened briefly, but that is never coming back.
Like housing, this is part of a great reset into conditioning us into new acceptable pricing for a lot of items. When inflation recedes, we will be “happy” to pay these new, but still higher than normal, high prices….
swathdiver
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Absolutely not. I will never cave to those Commies. For me and my house the truck is far more versatile and whatever its additional costs may be are the price of safety and security. I care not a whit about its value today or in the future.
doc5339
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Around $20.00 at Walmart
I think this will happen as supply increases over the next 1-3 years and we enter a recession. A tighter credit market will also cause this as supply improves as most buyers are not paying cash on a vehicle like this. I've heard anecdotal stories that lenders are not approving loans for X amount over MSRP. I'm not sure if this is new because no one used to pay these types of prices, but I can see a lender doing this if used car prices are on the decline.
Make no mistake, supply will improve. The question is how soon or how far from now. As much as auto manufacturers want to keep the high margin low inventory model, I see that model working for maybe nich or up market makes/models. I think your mainstream buyer still wants to see/feel the product before committing to a purchase. The automotive market is still competitive relative to other markets that there's also an incentive for someone to just produce an extra unit.
Agreed.
I suspect it will happen very soon, as in a couple of months. Just looking back to the sharp run up in 2008, everything was going fine until just one day it wasn't. I recall test driving a new GMC truck April 2008, they wouldn't hardly negotiate. By Sept they were begging people to buy them - which I did. The same truck that was $31,500 in April was $25,500 in Sept.
Just remember that sales figures and prices are trailing indicators - by the time they show declines, it's a major problem.
local dealer, who would have maybe two new half tons out on the lot since the first of the year....now has 15-20....granted they don't really have anything else, but a little surprised by the inventory.
since this is a Tahoe/Yukon forum...my guess is it'll be the first of next year before we see the majority of dealers with Tahoe/Yukon inventory on the lots....22s will be trickling in for the rest of the summer and 23s may start production in late July/August, but I wouldn't expect one until late fall if I was ordering one
since this is a Tahoe/Yukon forum...my guess is it'll be the first of next year before we see the majority of dealers with Tahoe/Yukon inventory on the lots....22s will be trickling in for the rest of the summer and 23s may start production in late July/August, but I wouldn't expect one until late fall if I was ordering one
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