Just stopped at a Toyota Dealer to see what they had in stock...
They had ONE new truck. and a few dozen used trucks and cars. That was the whole of their inventory.
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Chatting with my old neighbor (Christmas wishes etc.)... His Chevy dealer sent him a letter offering him $7,000 MORE than he paid for his new loaded 2500 diesel just a year ago.
Ballpark info. He paid $85k or so for a deluxe Chevy 2500 (2020 model year)... has driven the truck maybe 25k-30k miles... Dealer offered him $92k to buy it back.
Crazy times.
The ultimate goal appears to be destroying the Middle class. Your neighbor obviously got a top end model, but 85 grand for a consumable product like a personable vehicle is insane. Hell, HALF that amount is insane for a consumable. And the dealer clearly thinks he can make money by paying your neighbor 92 grand.
I live in an economically depressed area, so maybe I see it before some others, but the average lower to mid range middle class household is rapidly approaching the point where they can no longer afford vehicles.
