Groover
Pulaski, TN
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Joined: 10/17/2007
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GM shuts down Indiana plant for 2 weeks
"Feb 23 (Reuters) - General Motors said on Thursday it will halt production at its Fort Wayne Assembly truck plant in Indiana for two weeks from March 27 as inventory starts to outweigh demand with the easing of supply-chain snags.
Shares of the U.S. automaker fell 3% in early trade, while rival Ford Motor Co was about 1% lower.
After two years of U.S. automakers scrambling to keep pace with demand amid a parts shortage, GM's decision to cut production of its highly-profitable pickup trucks signals a shift in the status quo.
"GM probably is trying to maintain pricing power with this move but it's also contradictory to what they've been saying for a while recently that demand remains very strong," Morningstar analyst David Whiston said."
I would guess that more than one manufacturer is affected. Ford sent me a $2000 coupon for a new F series truck a couple of weeks ago. I just checked incentives for the F150 and they are offering 0% financing for 3 years plus $1000 Bonus cash through the end of February.
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TurnThePage
North ID
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Joined: 10/08/2003
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I've finally accepted that it will be much cheaper to drive my current pickup into the ground, repairing as needed along the way. I don't like it, but I'm not paying the BS prices they're asking these days. And I'm not holding my breath waiting for this glut to have a positive impact.
2015 Ram 1500
2004 Pioneer 18T6
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monkey44
Cape Cod, MA and Central Fla
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Joined: 11/12/2002
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My 2015 Chevy HD with 60,000 miles on it will get a whole lot more miles on it before I spend the kind of money truck dealers are asking. Matter of fact, it might be the last truck we buy because we do a lot fewer miles each year now as well. The truck is well maintained so might even outlast both of us, as least as far as our camping goes.
Monkey44
Cape Cod Ma & Central Fla
Chevy 2500HD 4x4 DC-SB
2008 Lance 845
Back-country camping fanatic
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Grit dog
Black Diamond, WA
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TurnThePage wrote:I've finally accepted that it will be much cheaper to drive my current pickup into the ground, repairing as needed along the way. I don't like it, but I'm not paying the BS prices they're asking these days. And I'm not holding my breath waiting for this glut to have a positive impact.
It already is having an impact. Has been for about 6 months now. 1/2ton trucks are basically discounted to previous levels (albeit based off of greater annual increased msrp than pre covid) all over the country.
But it’s also likely that as predicted, the whole Rona fiasco has auto makers adjusting how they do business and trying to balance greater profitability (or greater sales price at least) with lesser inventory.
2016 Ram 2500, MotorOps.ca EFIlive tuned, 5” turbo back, 6" lift on 37s
2017 Heartland Torque T29 - Sold.
Couple of Arctic Fox TCs - Sold
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BB_TX
McKinney, Texas
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Joined: 04/04/2005
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Local dealers (Chevy and Ford) have considerably more trucks than a year ago. But far less than before the chip related shortage.
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Sport45
Not far enough from Houston, TX
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Joined: 09/24/2001
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TurnThePage wrote:I've finally accepted that it will be much cheaper to drive my current pickup into the ground, repairing as needed along the way. I don't like it, but I'm not paying the BS prices they're asking these days. And I'm not holding my breath waiting for this glut to have a positive impact.
I think this has always been true. Trading in every year or three is an expensive lifestyle. I typically keep a truck 12 to 15 years and get everything I can out of it before buying another.
’19 F350 SRW CCLB PSD Fx4
'00 F250, CC SWB 4x2, V-10 3.73LS. (sold)
'83 F100 SWB 4x2, 302 AOD 3.55. (parked)
'05 GMC Envoy 4x2 4.2 3.73L.
'12 Edge 2.0 Ecoboost
'15 Cherokee Trailhawk
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opnspaces
San Diego Ca
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^^ I second this and add I always buy used over paying the inflated prices for brand new.
2001 Suburban 4x4. 6.0L, 4.10 3/4 ton
2005 Jayco Jay Flight 27BH
1986 Coleman Columbia Popup.
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Groover
Pulaski, TN
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opnspaces wrote:^^ I second this and add I always buy used over paying the inflated prices for brand new.
I mostly buy new because the used trucks that I have found generally either cost as much as a new one or have been totally ragged out. I suspect that most people trading for a new vehicle focus on how much the dealer is giving them for the used one are oblivious to the fact that they are paying way too much for the new vehicle. Then they honestly believe that their used truck is actually worth what the dealer was offering.
Some years ago I special ordered a loaded F250 and about 5 years later I saw someone advertising essentially the same truck, including year model, and he was asking more than I had paid for mine new.
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HawkTX
TEXAS
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Joined: 09/18/2005
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A friend of mine is looking for one of the new Ford Raptor V-8 trucks and he can't find a single dealer in the US that doesn't have it marked up $30K to $40K over MSRP. I bought mine (the V-6 model) in 2020 for $8,500 below MSRP. How things have changed!
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JRscooby
Indepmo
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Joined: 06/10/2019
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Could we be waking up to the understanding that GM is not in business to make vehicles?
If they can make fewer vehicles, sell at higher price increase profits that is what will happen.
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