Someone expressed interest in my 2016 F150 today as they need a work truck and if Ram is doing 0% and 15k off I may find a 2500 gasser longbed.

 

You are correct, I read it wrong. It does only offer the deferred payment option.

 

Thats what I was thinking.

I bet 2020s are going to dry up and be in short supply and THEN have fun with the QC of the then bailout 21's

 

Just like with Ford, I believe the heaviest incentives are on the lighter duty trucks, like the 1500. But all this could change soon.

 

Cash for clunkers was the worst program ever offered in the history of automotive stupid decisions for the average consumer. As far as consumers, it ONLY benefited those with enough money and credit to trade during an economic depression. The average consumer was devastated by this moronic decision.

The people most in need of a newer car got no help at all. The people that took advantage of the program by and large were those that would not have traded without their used vehicles bringing two to three times their actual value in trade. A very large amount of the vehicles destroyed were very good cars and trucks, many under 100k miles and in good shape. This left the people who didn't have a lot of money, had a worn out vehicle,and looking to trade for a better used car, stuck with nothing to buy. The cars and trucks they would normally buy were all destroyed.

The destroying of millions of very good used cars caused the doubling and tripling of the wholesale price of the left over used cars, if any worth buying could be found. Auctions that weeks before the Cash for Clunkers fiasco had hundreds of cars now had 25-50 cars at auction, with dealers paying crazy prices for much worse vehicles than they could buy for less a month ago.

Thousands upon thousands of used car dealers went out of business. The new car franchise dealers found they could make more on used cars than new, so the cars they didn't have to destroy, they kept instead of sending them to the auctions. They found with C for C destroying most of the decent used cars, they could ask what they wanted, and being a franchise dealer, could get them financed.

After the shakeout of C for C, the used car dealers were faced with many years of low quality, high priced auction cars, as the dealer supply of auction cars dried up along with the millions of good C for C autos destroyed. What was left is used dealers that are exclusively "buy here pay here", with extremely high prices on their vehicles. New franchise dealers now have their own used car lots on site and remote used dealerships, all with high prices, thanks to C for C.

If anyone wonders why a 15 year old vehicle with close to 200k miles is over $10,000.00, thank cash for clunkers.......

I know. I was a dealer during that time. Just as the used car business was turning around, and the people most in need of used cars were starting to buy, cash for clunkers came along and ruined it for both the independent dealer and the used automobile customer......

Cash for clunkers was a payback to the manufacturers and unions, plain and simple, and as usual, it cost the consumer then, and still is now.....

 

I ordered my 2020 F350 Jan 6th, produced March 7th and shipped on the 12th. It’s sitting at the main rail yard 1 hour from my house for the last 2 weeks. The only benefit I see is that instead of having a truck now, when the dealers finally open back up and my truck makes it on a convoy it’ll be mid-April and I’ll get better incentives. When I ordered they were only offering $1000 cdn off from Ford with my $8800 dealer discount on a truck $98,000 msrp. Now we are already up to another $2000 off for March promotions. Fingers crossed for a better deal when this all gets sorted out and at least I know the truck I want is waiting for me.

 

I have my eyes on a 2019 2500 Cummins with all the options I want and none dont.

 

Auto sales are not down 90%. they are down a lot, but I have dealers who have seen only a slight downturn. There are not going to be deals. Fact is, once the smoke clears I'd expect ADM on a lot of popular vehicles.

Why? Because production is shut down.. So, every day with no production means a hole in the pipeline. Once the smoke clears, there will only be port vehicles and dealer inventory. No production. Add to that, vehicles are being sold today, so dealer inventory is shrinking while no production to back fill. Add to that, Automakers see the bailouts coming so there is no incentive to start those factories up ASAP.

I am telling you now people. if you need a vehicle, you better go find one now.



Edit: March projected to be down 41% in sales volume. Source: JD Power

 

Yes, the 19's have some incentives on the 2500 and up. What is it, 0% for 36 months? I know the 0% for 84 is light duty trucks, and I dont think they have any 0% on the 2020 heavy duty trucks.

 

I was just getting ready to order a 20 F450 the Monday that the stock market started falling. I told my salesman to hold off until everything got normal. Haven’t called him back yet!

 

Come on stop bs’ing this virus has been heated up for what 2 weeks, no way in hell there are auto sales stats saying sales down 90% in the short a time period.

 

Good on ford for helping out. Fingers crossed we wont need the ventilators

 

Well I will keep my eye on it. Believe it or not we think we had 2 contracts on houses we just finished come in today (or they are working them). One of my contractors asked if I would sell my F150 to him as its pretty cherry.

Such a weird time.

0% 84 month loan on a HD truck would probably spike my interest. But the 19mpg city in my f150 would be missed.

 

With what’s going on now buying a new vehicle is probably not a good idea for a lot of people. The dealership I bought my truck from had over 100 150s in stock while they only had 20 or so Super Duties. And work trucks will likely continue to sell. Because of the the good deals may not come to the Super Duties

 

Thanks, YB, for this comment; I was hoping somebody truly in the know would respond! I was the editor of Used Car Dealer, NIADA's monthly member magazine, for a short time in the 20-teens and folks in that business were still talking about the devastating effects of CFC. Some people here just have no idea how important those used lots are to the economy.

TXCOMT