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Old 03-25-2022, 10:04 AM   #1
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Chip shortages continue

Full article here.

Bad news if you are thinking of a new truck as it will keep supply low and prices high. I have dealers for all the big three in my town and none of them have many trucks sitting on their lots.
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Old 03-25-2022, 10:15 AM   #2
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Wonder if they will keep milking this even when chips are plentiful, to keep up high demand and high prices. These past years have made me cynical and full of mistrust.
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Old 03-25-2022, 10:35 AM   #3
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I think prices will never get lower again no matter what. Later RJD
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Old 03-25-2022, 10:53 AM   #4
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I think prices will never get lower again no matter what. Later RJD
MSRP certainly won't go back down but, when production is at capacity, dealer discounts will vary with supply and demand.
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Old 03-26-2022, 01:35 AM   #5
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Unfortunately dealers can't take orders for Defenders due to shortages.




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Old 03-26-2022, 09:55 AM   #6
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I just sold my 2016 Silverado for $3822 less than I paid for it in June 2016. It had almost 61,000 miles on it. Prices are still crazy.
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Old 03-27-2022, 09:36 PM   #7
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I bought my 2022 F350 just before things went crazy glad I did got a super deal.
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Old 03-28-2022, 06:51 AM   #8
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I think prices will never get lower again no matter what. Later RJD
As soon as we get a recession, prices will drop.


Some dealers have trucks "in the pipeline" so if you know what you want it might be possible to find one.

I bought my new F-250 by reserving one the dealer had coming in.
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Old 03-28-2022, 10:34 AM   #9
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Good time to sell. Bad time to buy.
The economy is healthy, but we have supply chain issues.
New vehicle prices will not stay like this. It is a function of pent up demand and little supply.

I am not paying $5k or more over asking price. I can order a new truck for MSRP. Some dealers are now offering new vehicles for slightly under MSRP but they go fast. Time will tame the market.
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Old 03-28-2022, 10:54 AM   #10
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Originally Posted by AlaskaErik View Post
I just sold my 2016 Silverado for $3822 less than I paid for it in June 2016. It had almost 61,000 miles on it. Prices are still crazy.

In November past, I sold my 2016 Chevy Colorado with 40,000 miles for $3,000 less than I paid for it 5 years ago. Agreed the used vehicle prices are crazy.
I needed a bigger truck as the Colorado was just barely enough for my rig. It was not a comfortable drive and I was always tense.

I bought the 2022 Ram 1500 with $1,500 in manufacture incentives.
The Ram dealer where I purchased the truck consistently had inventory coming in.
1 truck this week. 3 trucks the next week, & etc, etc…
Moreover, like other dealerships in the area, they did not add “a cost adjustment” to the MSRP.
I got what I wanted & needed.
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Old 03-28-2022, 10:58 AM   #11
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I think prices will never get lower again no matter what. Later RJD
And not only that, the value of the dollar keeps going down.

In the year I was born (1943) a $100 bill bought a lot. Today one needs $1640 to buy the same amount of goods/services.

If we see 6% inflation for the next dozen years we'll need twice as many dollars to buy the same items.

As for the chip shortage, my grandson, a newly minted mechanical engineer, just started working for a company that makes equipment used in the chip manufacturing process. There's a lot of work going into making more chips here in this country in order to avoid dependence on other countries on the other side of the International Date Line.

Give it a few years.
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Old 03-28-2022, 11:10 AM   #12
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Originally Posted by chriscowles View Post
MSRP certainly won't go back down but, when production is at capacity, dealer discounts will vary with supply and demand.
Manufacturers stopped dropping their "book prices" way back in 1971 when the President instituted a wage and price freeze.

Rather than offering lower prices which would run the risk of locking them into lower prices, they started offering Rebates and other means of lowering the cost to the consumer without altering their pricing structure which could be subject to regulation if another "freeze" came along.

There's a lot of ways the Car Manufacturers lower the cost to dealers without changing the MSRP which incentivizes the Dealer to move vehicles. Most of them involve volume so when Dealers start seeing more vehicles, prices will follow the same eb and flow as before. When models are scarce, prices will be high with little negotiation. When lots are overflowing, deals galore.

Same with every other commodity in our economy.
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Old 03-28-2022, 11:21 AM   #13
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Wonder if they will keep milking this even when chips are plentiful, to keep up high demand and high prices. These past years have made me cynical and full of mistrust.
Remember, many chip manufacturers today are located in countries that literally shut down due to Covid. That created the shortage and there is a large movement to move chip manufacture to this country so we're not so dependent on other countries.

Control of the market will then be spread out with no one source controlling supply or price.
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Old 03-28-2022, 11:28 AM   #14
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I thought this was interesting (from the linked article in the OP):

Quote:
GM's Silao Assembly in Mexico, where the Sierra and Silverado light-duty trucks are also built, is not affected by the chip shortage.
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