Why New Truck Prices Have Sky Rocketed | The Ugly Truth
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- Опубліковано 4 лис 2024
- New diesel truck prices are through the roof, with trucks cresting over $100,000 for really the first time ever. But are we as consumers getting ripped off? In this video, I compare head to head between a 1997 OBS Ford Powerstroke and a brand new 2023+ Super Duty to get the truth on truck pricing. We now have double the power, double the towing, and more creature comforts than ever, but the price may not tell all. As it turns out, new trucks might be a better value than expected....
#dieseltrucks #powerstroke #newtruckshopping
Want to see a video that covers the cost of ownership and how far your dollar goes buying an older used truck vs new? Check this out: ua-cam.com/video/Cdv-JXjnJhA/v-deo.html
Video: Trucks are actually no more expensive today than they were back in the 90s
Me: My 2024 income can't even afford the 1997 prices 💀
Hear ya there. Still kicking myself for not being a rust free 7.3 pre covid
@39ctg there's a relatively rust free extended cab 7.3 obs by me for 5k. I just don't have 5k to buy it.
@@jerodwolford2743 where
Thats what he isnt taking into account. Wage stagnation means the truck while adjusted for inflation seems similar it takes more of you time and work to actually make that purchase which displaces your ability to feed your family. On top of that food and daily goods have inflated far more than vehicles so your dollar isnt going anywhere near as far even when adjusted using bullshit inflation stats. CPI is a false metric.
I think that a very valid points. Donut talked about how the cost of vehicles are going up but wages are not increasing at the same rate.
I'll just keep my 97 powerstroke, it's payed for.
And U don't need the dealer to fix it.
Lol payed
@@xXBuckOFiveXx that's why he can only afford a '97 truck.
poor man
@@averageyoutuber_4872 Most legitimately wealthy people drive older vehicles. Most people who drive new vehicles are broke. If you're making payments on a vehicle you're poor, and the fact that you're making interest payments on a depreciating asset means you aren't financially savvy. Unless you're buying a truck for a business that makes you much more money than the truck costs, and you can deduct the costs on your taxes, you're making a bad financial decision.
Forget pricing(which is insane), gps, black box recorders, and personal data collecting keep me well away from the market. Old Trucks all the way!
prices haven't changed since at least 2000.
Right there with ya brother.
Tf is wrong with gps
Brain rot
You would be amazed how many ppl don't realize black box and data collection is a real thing..
This speaks to wage stagnation over the last 25 years, whether it’s vehicles or housing, an average wage got you a hell of a lot further than it does now.
I can replace my engine, trans, and suspension with reman parts with warranty twice and still doesn't touch these new truck prices. I was born at night but it wasn't last night.
Maybe because you bought it for 2k and it’s an old miled out pos
Still better than buying for 90 grand 😂
You would have to have a business grossing at least a million a year for a truck like that to make sense.
I just rebuilt a 95 7.3. Financially it made zero sense, and at the end of the day I still have a 30 year old truck that’s going to have little gremlins pop up over time. If value your time at all and you consider the amount of tools and equipment you’d need you’re not saving any money rebuilding one of these old rigs. Is it cool? Yes. Do I love it? Yes. Would I do it again? Absolutely not.
@@Westerner_ I get it. Shits outrageous unless you can figure out how to make more money. Even then the depreciation of vehicles is stupid outrageous. Most people don't make 90 grand a year PRE TAX. That's a whole year of your life GONE for a truck. People don't think like that though. So your reduced to buying used and hoping for the best or trying to figure out how to game the system for more money.
@@SamLee-ds7fiyou don’t have to pay $90,000 for a new truck. Yeah a platinum or a loaded lariat with a diesel maybe. The thing is a new XL trim comes with more standard features than most higher end trims were 15+ years ago.
I was just at ford getting my company rigs oil changed and was looking at a 24 xl f250 I was blown away at how nice the interior looked and had a huge screen with power windows despite being a base model base trim. MSRP was 60, of course the salesman came out asking if I needed help I said look I’m not here to buy a truck, I’m just getting mine worked on but realistically what would I expect to pay for one like this? He said you could get into one for about 55k, that was a crew cab 6.8 gasser. I know everyone wants diesel power but I personally don’t think it’s necessary for 90% of the guys buying them. The new gassers with 10 speed transmissions will pull whatever you put behind them as quickly as you want within reason and saves you 10k right off the bat. I regularly pull 14k with my 2020 6.2 in the cascades without any issues.
I have several people close to me in my life that can write a check for a loaded platinum and not even think about it. The average guy with kids, a mortgage and median income has no business buying one of these luxury trucks.
the plan is to run the 01 cummins 6 speed for life at this point. i don't care for modern trucks, not the price, not the jacked up height, not the crammed engine bays, not the low profile wheels, the surveillance, the complexity. time to go cuba on old trucks.
I'm right there with you.
I'm stuffing a 12 valve and a 6 speed in my OBS planning to run it till I die. The power numbers on the new trucks are cool but he's failing to mention how often the electronics fail and the new ford 10 speeds fail.
@@bain90000 Also old trucks seem to do most towing jobs just fine. Why need to upgrade and justify buying a new truck.
Agreed. I'm going to run my 2005 Ram as long as possible too. She has 240k km on her now or probably 150k miles. Even worst case she shoots a rod out the side and I have to put a whole new reman engine in for 15k or maybe 3k in a new diff or whatver, a new crew cab is at minimum going to cost me $55k for a base model that isn't much better than my loaded 05 and definitely won't be a Cummins for that price....not that I'd want to touch a new diesel with a 10 foot pole with all the emissions nightmares.
Same here, I have a 92 12 valve cummins I'm planning on running forever.
Those 20 years of innovation would be astronomically better without interference from the EPA. I worked on an overseas project and we purchased 50 F250 new trucks to overseas specs, no DPF , no DEF, from the Ford factory. Ford can and does make 6.7 Powerstrokes without EPA junk for overseas and military.
It’s sad when Ayatollah Isis can buy a better new Super Duty than we can.
Maybe you could buy those trucks from government auction sites just an idea can't imagine shipping or the laws
Thank you for factoring inflation and being intellectually honest, instead of just complaining about greedy corporations like most these days. Don’t blame the companies, blame your government and the Fed.
Nailed it!
Very well said, Good video. The problem isn’t the price of trucks now but more about Job raises not keeping up with inflation
Blame Congress too. They have all had absurd bs rules every couple of years for automakers. Like mandatory back up cams, as if you don’t have this cool thing called a neck and spatial awareness. That then requires a screen, and the companies go, well if I got to put in a screen, then I might as well add all these other bells and whistles, etc and boom. Out of control options you can’t opt out of.
Or blame the people that brought all these safety features, sensors, tech into the vehicle industry because they chose to not practice good driving habits but instead rely on those features…. We need to bring common sense back by taking away convenience. Hyper inflate convenient goods for the rich so the poor and lazy don’t stay poor and lazy buying these goods. That way the low class are pocketing more money and becoming better thinkers… gas station stores and fast food are just criminal imo but it’s so many jobs.
So you're telling me that these trucks have seen a production cost increase of 35% to 40% in the last four years? That's how much cars and trucks have gone up in base price since 2021!! Sorry, but that's BS. The dealers aren't helping either with all the add-ons and other BS they add to make more money!
Back in 97 there was not 7 yr notes at a 1k a month not counting the insane insurance premiums. Inflation is the reason for the increase the problem is wages never kept up with inflation.
actually counting inflation household income has outpaced inflation.
@@davidporter7051 Let me guess your a car salesman? What is your numbers to back your claim?
@@RustyShackle-v9u I'm doing the research for you. Mouth breathers need to learn think and research facts for themselves.
@@davidporter7051 mouth breathers lol ok just wait when the markets crater and the automotive industry is crying for another bail out. No one is buying there shit unless there taking on massive amounts of debt the everything bubble will burst.
@@davidporter7051You’re actually wrong, entirely. Look at the median income and house prices in the 90s and 80s and compare them to now. It’s staggering how far income has fallen behind inflation. Lmao I bet I could guess who you’re voting for hahaha.
I have two almost identical trucks. Both 4x4, auto, diesel, and Megacabs with fully optioned out Laramie interiors. But one is a 2007, and one is a 2015, and the difference in the two trucks is insane. My 2015 stickered for $64,900 the 2007 stickered for $42,000, adjusted for inflation they're pretty much the same. The problem isn't new vehicle pricing. It's the fact that the dollar is worth less and few people are actually receiving an increase in wages consistent with the decrease in value.
1000% accurate. My 2020 runs circles around my 06, but neither is fun to buy!
@JustDiesels Buying a new vehicle is always gonna be a significant purchase, but my 2015 is a better truck in every way. My 2007 doesn't compare to it from a utility standpoint or a creature comfort standpoint.
So your using a 10yr old truck as a base . Now go sticker a 2025 compared to your 2015.
@jeremymyers5643 I just did on the Ram build and price website. 2025 2500 4x4 Megacab, Laramie, 6.7 Cummins and I chose the Laramie level 2 equipment group, Night Edition, Offroad Package, and Tri-Fold Tonneau Cover. MSRP of $85,485 went to the inflation calculator typed in the numbers, and it's actually cheaper than my 2015 was. $64,900 in 2015 has the same purchasing power as $86,127.35 in 2024. And I've test driven a few 5th Gens, and they make my 4th Gen feel like an outdated truck while making double the torque and towing more than double, thanks for proving my point.
Exactly. There is a huge problem when a brand new average diesel truck costs as much as your yearly salary. Something is deeply wrong with that. I hope we can all turn this thing around..
The price of the truck adjusted for inflation has not changed. What has changed is people's earnings have not kept up with inflation, thus their buying power has decreased. New trucks are not more expensive, everyone as whole is just getting poorer with decreasing standards of living.
not true at all.
Keep voting Republican if you want the trend to continue.
Not true. Ppl are wealthier than ever, they are just bad at spending. Who do u know who doesn’t eat out a few times a week? Get Amazon delivered to their door almost every day? Work 40 hrs and go home and watch and surf the web all week and weekend
That is totally false! If you looked at other models in the last 5 years the price increases are no where near the price increase of trucks. For Chevs for instance a 1500 Silverado RST was 48 to 54 5 years ago now they are 68 to 76 thousand dollars? But yet a loaded Blazer Premier was 54 now they are 59 thousand?
Where is the inflation? Trucks have become priced out of most eveyones budget.
@@kennordsfan1494=totally wrong. A well optioned RST was $50080 in 2019 which is about $64000 today. A well optioned RST is $56000-$64000. Your statement needs correcting.
1996 fully loaded was $30k 20 years later 2016 fully loaded was $65k in four years fully loaded got up to $90k plus for a far less reliable truck. They are not similar with price. More technology doesn’t equal reliability or a cost that high. You aren’t getting what you pay for in the slightest. Plus cost of repair and maintenance is three times the price when parts go out. A mirror alone is $2,000
I don’t completely agree but I would like to see this guy do a video about reliability and maintenance cost
I call BS... I have a 06 Cummins and a newer 23 Cummins. The newer has better interior and that's about it. I totally regret my newer purchase.
The power claims are a HUGE selling lie. The 06 with a smarty jr, out pulls the newer 10-time fold. Also, what really pisses me off the most is the millage. The 06 towing my 5th wheel was getting around 19mpg. The 2023 with the same trailer gets between 9 and 12mpg. Also, with the newer I now have to buy DEF and the older one I didn't.
The 06 coast me close to $40 grand out the door and the new 2023 coast me $97 thousand. I feel I didn't get my bang for the buck. I feel like I got a RAMed in my ass.
So, to me they didn't step forward they stepped back Way Back...
I'm about the same xcept I have a 06 and 22 my 06 has some mods but nothing too crazy I went with the dependable upgrade route with a choice of 2 tunes that are probably fall a little more on the crazy side when it's put on the xtreme tunes but that's for a lil fun when one needs it my 06 gets 19-22 depending on how heavy it's loaded and the 22 gets 8-12 with same loaf and I hate dealing with the def fluid problems which in my area isn't always available due to not very many places to get it wher I live without driving 1.5hrs to the nearest major city
@@mikemccabe7124 Yep, where wearing the same shoes. Everywhere local is always out of DEF and Local Fuel stations that sell it are twice the price. I have to order online. A big pain in the A**...
I would like to respectfully say 19 mpg towing a fifth wheel is a lie. You must be only going down hill at 5 miles a hour. 14-15 maybe. Go look at forums aint no one that actually hand calculates their mpg getting 19 while having a brick that hangs 6-7 over their cab getting 19.
Can you do it with deleted kit?
@@rocklow243 "Respectfully" calling me a Lier does not go hand in hand. Whether you believe it or not it doesn't matter to me. I have no reason to lie as there is nothing to gain or lose.
The 06 does average 19mpg towing and that is towing 14,000 lb. When I had compounds on the truck it averaged 22. Of course, there is a lot of goodies added to the truck to accomplish this. And the truck passes emission with these add-on's. If you read the other comments, there are others with the same mileage as me. Now with the 2023 truck and all the emission crap which is killing the mileage and power. I'M sure I can spend the money to add on and delete to try to accomplish the same results. Maybe, I don't know... However, I live in California and would never pass emissions doing this to the newer truck. The point of the argument is the Bang for the Buck. With the newer truck you do not get your money's worth.
6 figures for a truck??!! its insane! That's reaching property prices. Just for a truck. If people just stopped buying these 6 figure trucks, they would eventually be worth $50,000 brand new. We are causing this, by buying them.
5 years ago i bought a brand new ram 3500 tradesman with cummins and aisin. $51,000 after taxes
That’s cus it’s so easy to get into debt for one. If they heightened the qualifications to get a car loan anywhere near what it is to get a house car prices would drop
Well again, the 100k ones are the non-work/utilitarian luxury top trim models, the cheapest that you can get a base diesel for, ( depending on your dealer ) is around 50k
Also I need to tell you something of critcal importance!
I care about you as a person, and ( just know that you are listening to a hypocrite telling you these things I'm about to tell you; I don't honor them always as I should ) I very much urge you to listen to this to the finish: The scriptures tell us that Jesus Christ died for people's sins- I speak for all who are children of God through faith in Jesus the Christ and His gospel, which can be thought of as being the story of Jesus's life, His purposes for being sent, and what He accomplished to win our salvation: now receive the knowledge of this truth: that our nature is sinful and that we have transgressed God and owe Him a debt of justice to be repaid; ( being hell; just forget your human logic behind justice ); we all are sinners and by default are due for the judgement of our sin, but with God's remarkable free gift of justification and forgiveness, with the work of Christ's life, the death+punishment and resurrection from the dead, being the "means" you could say, for this salvation of ours (the believers) to be won for us: whoever will have their faith ( and, according to my interpretation that this is not just a hearing of the facts, and claiming to yourself or to others "I believe it" with your mouth, and doesn't cause you to live according to the life Christ set out for us; but this rather is a faith that cries out to God "have MERCY on me!" and depends on Him ( Jesus and His finished work ) as your only hope for forgiveness and being saved, that through Him, you'll be pardoned from the Judgement of your Sins by God, because of His finished work, in what He came into this life to do, and you be reborn, ( a change of heart about your life and reality with your new knowledge of the truth, the truth that sets you free ) and be saved! Now, being a believer is not wearing a cross chain or putting a cross bumper sticker on your car or reposting some Christian meme on your phone; in fact there's so many people who *think* they're Christian, but they're living a lie, and that's scary. Faith without works is dead, and although we are saved by faith alone, the faith that SAVES is NEVER alone; thats like claiming you trust someone to catch you, but you won't do the trust fall to let them catch you; now if you believe Jesus, live according to the life he set out for us. ( we won't be perfect at it though ). Upon believing, once God marks you as His Own with the presence of the Holy Spirit ( the Spirit and power of God) in your heart, which will dwell within you!, this will bring about a life, bearing fruits for God! And you will be reborn as a new creature! With a renewed heart, no longer being a slave to your own sin but now walking by the Spirit ( described by the Bible as being a Comforter, Teacher, and Convictor of your sin to your conscience ) and not by the flesh (the will of your sinful self, and passions contrary to the things of God). Basically in simpler terms that with being born again, with the Holy Spirit entering you forever, the Holy Spirit will influence your conscience/heart, prompting you away from walking in the deadness of the ways of your sin ( albeit, we won't be perfectly successful at it in this life; the Bible says that the Spirit is willing but the flesh is weak; the Spirit and the flesh do battle against each other in the being of a person; we won't go on to be sinless, but surely we will sin - LESS, because Christ came not only to save us from the consequence of sin, but also from the power and influence of sin as we live out our lives ); repent your sins! Repent. Turn away from your sins ( again, I am hypocritical for saying this because I can always be better at honoring all these things I'm saying ), but dont take lightly the knowledge of the things of God and the chance you have to be saved in this life! Repent and believe in Christ and Christ's Gospel! Amen, i hope all who read this have a heart to hear; eternity is ETERNITY, and this life is NOT eternity; it's like a vapor in the wind; and again, the whole overall theme of everything I'm saying is GOOD NEWS- that's literally what "gospel" means, good news! We HAVE a savior! The Son of God Jesus Christ! What a glorious thing! And a strong hope for eternal life! There is no condemnation to those who are in Christ Jesus; they have passed from death ( and hell ) to life!
My prayers and best wishes to you all who read this,
Grace and Peace from the Lord Jesus Christ and God the Father be with you!!
❤
A well-equipped Chevy RST with a baby Duramax is right around $60k without negotiating. More than enough truck to pull most bumper-pull TTs two or three times a years like most people do. 20+ mpgs when daily driving. High 20s on the highway. No bad all things considered.
I was just having this conversation with my son about this yesterday. If my 08 F350 ever went belly up I'm going to have it rebuilt and go through the entire truck; drivetrain, paint, etc. instead of buying a new one.
Love your stuff, but in a conversation about economy you missed 2 importand factors. First fuel economy, I know these trucks compared dont have much different but compared to an older cummins, 8mpg is huge. Second you need to factor in purchasing power. Sure inflation has increased significantly, but whats more important is purchasing power. What one can actually afford resposibly. The average income went from $38k to $48k in these 20 plus years. That would mean the F250 should be closer to $44k. And we haven't even brought up increase in maintenance yet. I sold my 2023 cummins and bought a 2006 cummins. Droped a toyal of $25k after a full rebuild bumper to bumper. Almost as much HP as the new trucks and 22mpg. No emmisions garbage and minimal maintenance.
Nice. I'm currently getting rid of my 2020 Duramax and just got an 06 Cummins manual. Everything works but it needs a chain in the transfer case and zero rust. It's going to be with me forever because of the costs of newer diesels. Especially repair costs and emissions systems. My 5.9 probably won't be touched for another 100,000 miles.
your economics skills are lacking. in 2004 the median household income was $57500 or about $97000 today... Today the median household income is $104000.
@@davidporter7051 That is incorrect. The U.S Census Bureau reported a median household income of $74,580 in 2022, with estimates showing it to only be $78,121 for 2024. In 1997 it was $37,005. Interest rates are comparable across credit quality in 1997 compared to 2024. $32k for a truck at a median income of $37k is 86.47%, while today $68k for a truck at a median income of $76k (leveraging between last verified number from census to estimate for 2024), and you are at 89.47%. So, the real cost of the vehicle is a bit higher than the rate of inflation. However, overall it is negligible. The main reason that vehicles feel so outrageously expensive is primarily because consumers are spending more of their income on other expenses at a significantly higher proportion to their income than we were back then. Groceries are a considerable expense now compared to 1997, but more than that is the cost of housing for anyone that has had to buy a house in past 4-6 years. In 1997 the average price of a home was $146k or $288k in 2024 terms. The average price of a home today in the US is $412k. Even with interest rates 2% lower than 1997, the price is just out of the water compared to 1997. Additionally, the average home insurance premium in 1997 was $400-$600 or $780-$1200 in 2024 terms, while today the average home insurance premium is $2400. So, the cost of housing today is compounded out the wazoo compared to 1997 and absolutely crippling Americans. While cars are still relatively proportionately the same real cost to consumers, they are more of a difficult cost to incur since other primary costs are so much more burdensome.
@davidporter7051 you seem confused... are my economic skills lacking or is it your reading skills. At what point did I use the terms "median" and "household"? Also, the years in question are 1997 and 2024. Don't conflating your inabilities with mine, textbook projecting, bud.
@@CasuallyAuthentic it's very simple the facts and figures are readily available, so bisch research. It's that simple but it appears that you do not possess this ability so therefore it's not projecting you simply have a feeble mind. Do I need to use a coloring book?
3 things I ask the dealer when deciding to buy a work truck. 1) how much is the headlight assembly if I hit a deer? 2) How much to replace the exhaust system? 3) What is the reliability of the drive train? I usually walk away.
Got a 2006 dodge ram 2500 mega cab and I would buy this truck over all these new trucks even if I had the 100,000 to spend on one no sense in spending that much on a truck when you can get one that’ll last you twice as long and still get good mileage
I spent almost $100k cash 1.5 years ago for a brand new cummins. After a year I dumped if as the maintenance and fuel cost was ridiculous. I bought a 2006 cummins and dropped $25k after a bumper to bumper rebuild. Not only did I pocket $75k, but what I'm saving in a years worth of maintenance and fuel cost is equal to what people are paying for a new truck loan. Having a conversation about inflation means nothing. It's about purchasing power.
I have a 2006 3500 mega cab. Won't trade it for anything.
I just wish these full size American trucks offered a manual transmission . 2019 was the last year for dodge . I’m happy with my white 01 dodge 2500 quad, shortbed Cummins 6 speed manual with 137k. I have window sticker $36k that year . Clean,pristine condition running on 35’s w revolver style wheels . Thanks for sharing.
This is very good example of how crazy inflation has gotten. Whats ineresting is how this trucks price compares to the trades men or contractors wages that would buy it.
I bet it’s not too far off. With the lack of new bodies going into the trades, the ones left in those fields are making damn decent livings where I live.
Tradesman here, 25 yrs exp. The new trucks are 2x my annual pay, I was denied the loan.
I bought a 2020 F350 dually and have been impressed with the power and how it handles my 40' 5th wheel. If the government would quit mandating the stupid emissions equipment we would have pickups that would get substantially better fuel mileage, power and longevity. But they obviously desire to force us to buy what they want us to have while trying to make us believe it is all for our good. I'm tired of being manipulated.
They sell at that price today because people are willing to buy at that price and go in debt for it. The old saying, what's my vehicle worth? What someone is willing to pay for it. Back in '84 a Cadillac Eldorado Biarritz top of the line was nearly $30K. That was a lot of $$$ back in '84 and people bought them. The same E body Rivieria or Toronado and in fact had a better engine sold for way less.
I bought that white OBS in your video brand new but was red and an XL but otherwise the same truck for 27k and it cleared 20mpg with ease. A guy at work had to have it in late 99 so gave me almost 20k for it and I bought a new 2000 F350 with every option they offered aside from duals and paid 40k. That thing wouldn’t beat 16mpg no matter what. An old timer at work asked what I paid for it, I wasn’t even 30 yet. Told him 40k as I was proud of that price and proud of being able to afford that nice of a truck at that age. HOLY CRAP!!!!! He says, my first house didn’t cost that much kid!!! I remember thinking I just paid 100k for my first house and there’s no way a truck will ever cost that much, wow was I wrong. So here’s a few things to take away from this, OBS to Superduty didn’t really change much in price even thought the new Supers were the big new gotta have on the block. In 2013 I bought a new 150 Platinum for mid 40s brand new and a gasser Superduty was about 10k more. Now they’re the same damn price but just as equally equipped then as now. So that’s peculiar. Lastly almost 30yrs ago a kid in his late 20s could afford a house and the fanciest truck out there all as a laborer for a construction company. Now there’s not a chance in hell of that. Yes inflation is a big part of it but so is corporate greed. When just working men bought trucks they were working man’s prices, once the trucks started getting fancy and the yuppies all wanted them the price started climbing. Same thing happened with the Harley’s. Once corporate figured out they could charge more because the newer clientele didn’t care about price, the price started to climb
At this point you can source a new engine and trans cheaper than a new truck and just put it in the old truck several times over.
But I will always argue the older trucks ride just as good and are way more comfortable than newer trucks. Can't beat them old cloth bench or bucket seats.
Drive an obs ford and say that... The ride is awful with the front leaf springs
Well said Andrew. You laid it all out very well. Only extra item I'd chime in with is the difference that inflation has made, meanwhile the average wages have not kept up with inflation at all. Which combined, exacerbates the sensation of skyrocketing prices.
I priced out my 6 rear old ram dually with pretty close spec and it's 25k more than I spent 6 years ago. They haven't changed that much. Ever since covid they made excuses why trucks are high and as soon as that problem gets solved they keep making b.s. excuses. Don't get to upset with me, it's my opinion. I do enjoy the vids.
I think the main issue here isn’t really pricing or the current cost, but it really is the options. You can’t get the minimalistic work horses, that come with the inherent reliability and dependability of a basic tool. The only trim level available for a 2024 Ram 2500 that can be acquired with a single cab, is the Tradesman. And the tradesman in a single cab is not available with the Cummins. Similarly, you cannot even get a 1500 in a single cab or long box configuration. Not to mention, even the tradesmen comes with thing like Bluetooth, AC, electric windows, automatic transmissions, extra safety features, power locks and windows. Lower income buyers have simply been priced out of the new truck market. Hell even newer commuter cars are going for $35k and up. And anyone, like myself, who prefer these more simple and old school type of vehicles, is really only left with two options. The first are old rust buckets with more issues than they’re worth and 300k miles. Or the second option are 20 year old garage kept specimens which are currently going for the price of new trucks. It’s just not a fun position to be in for the large group of consumers who feel they are force fed expensive and over-featured vehicles that they really just don’t want or need.
Yeah my 7.3 with 350k runs like a top. It tows, it has Bluetooth and it has been rock solid since I've owned it. Best of luck with the new trucks.
apples to apples they’re not much above inflation tbh, imagine how much less the engine would cost on the 24 without all the emissions bs.
The new fuel systems are the most expensive parts of the whole truck.
Lesson of the story. Truck isn't the issue, the federal reserve and inflation of the money value is the real issue
Another lesson of the story: How we've become a throwaway society where nothing is made to last anymore, not just trucks.
Yuppppp
I think you missed one important point Just Diesels;
The cost of living,
buying that truck at the equivalent of today's money "$68k" back in 1997 is far different than today, your mortgage in 97 was far cheaper, insurance, health insurance, food, and utilities, life altogether If you adjust the price to actual real-world cost of life, that's when the Diesel is an arm and leg.
I actually ordered a 1996 F350, crew cab, manual transmission, 4.10 gears that I own for 18 years.
Several years ago I wrote an article comparing my 2014 Ram Tradesmen to that same 1996 F350, including using CPI numbers.
As you said, the features were similar, the price between the 2014 and 1996 were comparable, and newer trucks are nicer, drive better, and are generally more comfortable. Emissions complexity is the trade off.
Newer trucks are "Nicer" but the trade off is that they are often more complex. I don't need a truck that has heated seats, 14 different cameras, screens built into the back of the front seats, the "Connected Driving Experience" with WiFi to pair with UA-cam and Spotify, et cetera.
Always loved the 2011-2016 superdutys. Would love to get a 6.7 but man if something breaks it gets sooo expensive. The electronics and fuel systems are just too much for me to want to deal with. Ive noticed a lot on marketplace too with blown engines
I don’t see a whole lot of people commenting on the potential life span of new trucks vs older trucks, and the available of parts/cost and ease of maintenance new versus old now.
With all the extra electronics the newer trucks have, I don’t see them lasting 20 years without issues. Issues that currently you can’t fix yourself and have to take it to a dealership.
That was actually eye opening. I really thought trucks had outpaced inflation, but when you consider the capacity, plus the emissions equipment and safety stuff (multiple air bags) cost money.
Seems like dealers rarely have the basic trucks in stock. I also wish one of them would offer a worthy manual (say 5 with a splitter) but it’s minute segment in the market probably not worth the development. I also wish heavy pickups weren’t immune from posting mpg estimates. Yeah they wouldn’t be realistic but are useful for comparison. I think a lot of us would rather get 4 mpg better mileage than be able to get a speeding ticket towing 20,000 up a 7% grade.
Lastly, really disappointed at Cummins for going to hydraulic lifters. I doubt they will have hundreds and hundreds of thousands of trouble free miles the rest of the engine is capable of. Long term a bit of chatter or skidding the roller before they pump up on startup I think will prove problematic to the rest of the valvetrain- just to avoid the simple and quick chore of checking lash every 100 to 150,000 miles.
Reliability and quality of parts has gone down as much as inflation has gone up
FINALLY! I’ve been so tired of everyone complaining about how cheap their trucks were in the 90’s yet the truck they want to buy today is a top end limited with massaging seats and adaptive cruise and all that
I can only speak for myself but I’ve been a Ford guy since I bought my first 7.3 in 1999 as a personal truck. Bought another 7.3 in 2002 as a service truck. Utility bed on it etc. I’ve had those two diesels that lasted through the 6.0 years then I traded my 99 for a 6.4. Huge mistake. I hated the 6.4. Constant problems not as much power as the OG powerstroke. Currently I have a 2015 6.7 service truck and a 2019 personal truck. I’m almost to retirement and they’re so expensive now I’m done buying them. Great video young man. 👍🏻👍🏻👍🏻
keeping my 04 dodge dually. It's paid off. There is no way I am willing to buy a new one. They can rot at those stealerships.
Love my 2007 LBZ Silverado with 162k on the clock. Having a lot of fun restoring it. 5" exhaust makes it sound like a beast.
I've never been able to afford a new pickup, I think I remember my friends buying 96-97-98 Dodge diesels for around 20k. I realize epa kills diesel, wish we could have a bare bones diesel again
Few things that also should of been mentioned. The average income in 1997 vs 2024. Yes if adjusted for inflation new trucks aren't more expensive. But there not as affordable as they were in 97. And quality and longevity of the new vehicle isn't as good. the new truck with all its unnecessary electronic garbage isn't going to be working in 30 years. Take that 2024 and the 97 park them and come back in 27 years with only they keys and new batteries. I guarantee that 2024 will never run again. But that 97 even though it has 250,000 miles on it been sitting 27 years and is 27 years older then the 2024. It will fire up
I remember in 06 when the price of a new truck seemed unobtainable and now in 2024 the price of a new truck still unobtainable. Good thing I was able to eventually afford a used 06 Ram 2500 4x4 5.9 with a G56. I still have it. Plan to keep it.
Old truck prices are going up too, if you get one with low miles and isn’t driven into the ground already. It’s all car market in general that is outlandish. You have a point, with inflation, people weren’t making the same money they were in the 90s as they are now either. That Old school truck is super nice. Buddy of mine had the 4 door like you mentioned, also in white. These were pretty common back in the early 2000s, now they are gems on the road.
I'd rather rebuild an older truck my friend did it took alot of time and work but he eventually got it
There's a reason I'm keeping my 2005 Dodge RAM 3500. 163k miles, 6sp, pretty awesome condition. Owned it for 17 years.
The cost of everything on the new trucks is crazy. Hit a deer, and the repair bill is 12- 13 thousand, if your can get all the parts in a month. It’s hard to justify the cost. You still have to make the payments every month.
Kudos to you for keeping an open mind and allowing your opinion to change from a rant to something more complex. I agree, new prices are extremely high but the trucks are insanely capable by comparison. Like it or not, we have naturally aspirated gassers towing substantially more than the turbo diesels of the past… and that’s pretty damn cool.
Have owned three four-wheel drive 3/4-ton pickups since the 1970's... Current version is a 5.2 V8, 1/2-ton GMC Canyon 4X4 with automatic transmission, independent front suspension, etc... Loved the old classics but can't compare to the more up to date chassis, off-road ride, handling, etc.
Prices are on par with inflation. What isn’t is actual purchasing power. I was born in the 80’s, and during that time, our parents generation had 86% more purchasing power, which translates to the dollar going further. Inflation is a compounding problem, and the higher it goes, the harder it is a stretch a dollar. People got use to easy lending and living on debt. Basically buying based on a monthly payment, not that you could actually afford it. Easy to get loans helped to justify the rise in total cost, because you can play with loan terms to reach a desired payment, while making even more money. This extends to credit cards as well. The market is still adjusting, because like us, the manufacturers are coming to grips with this reality. Basically, if you cannot go out and buy something cash like your grandparents had to do back in the 1950s/60s, you can’t afford it. We gripe about how in debt our government is while we live the exact same way. Payment to payment. Financial literacy isn’t really a popular topic in the US, and it shows.
The essential message missing from this video is that very few of the people who buy trucks today will ever use them as trucks. Also, exactly no one needs the lift kit or after market wheels and tires. Those “upgrades” significantly reduce the performance of the vehicle and make it harder to see other road users.
Bought my 09 F150 Platinum for 10k. Taking it to 500,000 miles. Send it, fellers!
Advancements in manufacturing have made it significantly cheaper to build vehicles.
The problem is over regulation that forces trucks to be giant, over complicated monstrosities. As well as back room deals with the auto unions to shield them from competition.
You can buy a brand new striped hylux, with a diesel, for 14k, just not in the U.S.
I have one of these trucks. A 2024 Super Duty Diesel 6.7 high output. It cost a lot of money. My last ford diesel I had for 19 years. The one before that, 5 years. Never had a new vehicle in my life, except for a few dirt bikes. Spent 10 years in the US Air Force making no money. I worked hard in my life to where I could pay cash for such a truck. I bought this truck to tow. I’m 62 and Yes this Truck is Worth It!
I literally have zero desire to buy a new truck. Nothing about them says wow look at that, wish I could have that. I have over $100k in investments plus other things like a house, cars, trailers, etc- I could easily have it if I wanted it. They're just stupid. If a manufacturer started selling a RELIABLE, capable, and efficient diesel truck that had a vinyl floor, standard transmission, fold up center console, and just basic creature comforts- I'd be all over that like shit on stink. Some luxuries I do believe add a lot of value to a vehicle are heated (cloth) seats, nice looking aluminum wheels, keyless entry, push button start, auto climate control, and a screen with wireless Android auto. All the other crap is just garbage. Let's go ahead and change transfer cases back to a physical linkage too. Everything that is unnecessarily electronic or computerized needs gotten rid of. You don't need a digital dash and all the touchscreen controls. Make something that will work in 20 years and be easily replaceable, not just something that looks cool for today's wage slaves. The stuff from today just doesn't impress me at all. If you could engineer a product that is easily and affordably repairable and is as simple as possible- to me that's good engineering.
Pricing is not the only issue, buddy.
These newer trucks have smaller trunk beds which means they’ve got less cargo capacity. On top of that, I never asked for a computer and a hundred sensors for a pickup truck.
What contractors like myself are looking for are trucks that are bare bones, have a large cargo capacity (6-10 foot bed), not too high off the ground (ease of loading/unloading) and pricing is under $25k.
Hell, the manufacturers can produce an $18k bare bones truck but they choose not to do so because they see it being more lucrative to sell “luxury trucks” for $100k+.
The problem people don’t seem to understand is that wages haven’t gone up with inflation. Meaning if wages actually fluctuated with inflation the minimum wage would be around $25-35. Salaries would be increased etc.
Another great video great job and very interesting perspective. Thank you.
Nothing like that new truck smell,shine & power.
Price is only going up.
2024 Silverado 2500 Regular Cab. $54.000. Insane.
If you look at what MSRPs from the 2000s, account for inflation they’re close to or under what they theoretically should be.
We’ve just been through a period of very high inflation though
Adjust pricing based on average income. I am in Canada. I stopped and looked at F350s on the lot. Prices ranged from $95K CDN to $125K CDN, This is crazy.
I agree with you on manual. I hate they took those away. Even semi's are going away from the manual.
This modern Ford can do some work! The problem is too many people buy these trucks just to bring groceries home or pick up their kids from school. Do what you want with your money of course. But so many people willing to buy them as an everyday vehicle and this is what you end up with! Crazy prices
I just fell into a 97 f250hd diesel. Got a lot to work on but it's a cool truck. I can't afford a rebuild on this 7.3 yet but it's running great at 380k miles. A ton of stuff has been updated and replaced but it has some of the typical obs truck problems to fix. Just well used but clean and a classic style. Old enough to get me antique plates too which is cool.🎉
most people dont use their trucks for work, they use them for commuting. a mid sized suv would be more practical for most people, while still having a decent towing capability.
Any of these new trucks almost guaranteed to last as long as my 7.3s?
One van has 410k
Other van had 310k
I use both to tow my 30ft 9lb travel trailer.
Yes new trucks are much better but much more money and will not last near as long (planned obsolescence)
Easy. There are hot shotters all over with way more miles than that on newer trucks with nothing other than routine maintenance.
Can we talk about longevity? Back in the 90’s, outlasting the competition was in the top 3 goals. Now, everything is throw away. That Powerstroke will still be on the road when that ‘23 is dead and gone
EPA footprint rule. Look it up
As a dealer tech that works on new trucks for a living i will never buy one. I paid off my 2020 f250, sold it and bought a 2001 7.3 to go with my 2001 24v and 97 12v. I do more work on faulty electronics now than anything. Not saying don't buy one they keep money coming into my pocket but they aren't worth the money to be so unreliable
Trucks are much larger today as well, I'll take the 97
Right! Nobody accounts for inflation and just complains of how much the new trucks cost. They costed about the same when new it's just the value of the dollar that changed.
The thing is you can compare truck from 2010 and have similar price difference before inflation adjustment. My 2011 Sierra 1500 has a sticker 36k, now similar truck is 50 - 60k. But after adjustment - 14 years - 36k in 2011 is 50k today. You don't have to go to 80s to have those numbers. CRAZY.
Fiannly a real video on this subject not just autistic screeching without understanding advancement and inflation.
The BIGGEST problem is that income levels haven’t kept up with inflation!!!!
I actually got caught off guard with this. Just like you i was expecting that the cost would be way different even including inflation... however what's crazy is that income hasn't met and stayed with inflation. But as you said that is a completely different topic.. Crazy. Awesome video as always man
Yeah we could go on for hours about that, but just looking at the truck I was blown away by the prices being the same!
Really thought provoking insightful, and great comparison
The emissions standards for diesel engines enacted in 2007 and 2010, required manufacturers to research and develop the EGR systems to meet the new government demands. Along with the upgrades in technology wizbangs, the constant software updates and firmware management means a fulltime staff to code and maintain the systems. None of these were around in the late 90's or early 2000's. Consumer demand for tech upgrades and government interference contributed mightily to increased costs.
Great video brother!!! Can't wait to see what else you have!! You, us and our boy should all go out for a little camping trip soon 👀
Why did this comment section turn into dudes mad about new trucks. It was a great video and a great comparison. I was always curious about comparing the prices of new trucks to their predecessors and what you get in return. Very cool to see that you get much more bang for your buck.
Also, people that don’t want to buy a new truck because they’re worried about getting gps tracked are absolutely crazy for thinking the phone or computer they watched this video on doesn’t track them. Give me a break lol
This comment makes way too much sense to be on UA-cam haha.
Excellent presentation, BUT: how RELIABLE are the new trucks compared to the old ? Have heard (nothing good) about all newer domestic products......
The difference:
Repairability which has gone downhill. It wasn't great to begin. Advancements in technology would have you thinking it wouldn't be the issue that it is nowadays.
GREAT video. Thanks for bringing attention to this. More truck for the same money.
1997 i was making about $18 / hr as underground miner. now i make $32 / hr as pit miner. wages haven't gone up as inflation has. same goes for house cost, that's the issue Americans have.
The 96 OBS 7.3 5 speed and the 04 Cummins look real nice in my driveway. Haven’t paid a payment in over 20 yrs which is also nice. The new ones look nice but have officially outpaced my desire for new on price alone.
It's a combination of factors all working to increase prices. Politics, EPA, technology, and absolutely unreasonable salaries and compensation for CEOs and unions. There is absolutely no reason CEOs need tens of millions of dollars and the union auto workers don't need that much an hour to put a tire on.
Another thing is that 97 powersroke is selling for probably close to the price paid in 97 but the 2024 will depreciate at a faster rate
Don't worry.. It's going to double again within about half the time now.. That's how badly inflation is accelerating.
So you just seen that in roughly 30 years.. Prices doubled.. They will double again in 20 years or less now.
Think about that. By 2040 to 2045 -- $200k trucks will be the norm on the higher end; just like $80k to $100k trucks are the norm right now.
Wild to think about but history says you’re right!
@Just Diesel, I somewhat disagree. Though one might get more hp for the money, the issues I see with newer trucks is twofold as it relates to longevity/useful life. First is using lower quality materials to help achieve some of those HP/Towing numbers. The other issue is a more heavy dependency on computers. With the trend of more subscription services and planned obsolete, I would rather have an older truck.
Good video. Rare in that it's informative but concise and draws a logical conclusion. However, I do think it's worth considering the value of the work being done... for my work and my hobbies older trucks are not only less expensive -they're simpler and less expensive to insure and repair. No question newer trucks can haul more and do so more comfortably - but if you're not hauling huge loads and you're not driving that far the arithmetic (in my opinion at least) is more about the value of what you're actually using the truck for. New truck price is hard to justify..
Very interesting video. Good information. Just wish those trucks had cheaper options with waaaayyy less tech
That 97 looks so clean!!! Would love to own one of these! Had a 96 bronco xlt and I really miss that thing.
In terms of towing, may I suggest a video on Towing loss to raised trucks and adding bigger tires.
Compare a 10 year old 2014 to a new 2024 platinum. Basically, it's the same truck. Same 6.7 diesel engine. $53k versus $103k. The price doubled in just 10 years. Median family income has only gone up 14%.
Have sky rocketed because over time we make way more money now plus these trucks are so much stronger bigger faster and improved than those old ones.
If you want a new truck it's either lots of cash down to lower your payments to $500.00 a month, or 7 years @ $1300 a month, which most people can't even dream of getting, unless you live on credit and stay in debt all the time. Eventually sales are going to crash because there not moving the trucks fast enough. Lots of people are going to be keeping there truck a lot longer because they are financially cheaper to repair and replace worn parts to stay on the road.
The problem is our wages didn't inflate.
FINALLY someone who understands inflation and the difference between apples and oranges makes a video about truck pricing. THANK YOU
I'd be really curious to find out if the same analysis plays out for midsize and fullsize trucks.
News flash…..it has little to nothing to do with the fact that it’s a diesel as to why the price is so high.
However you choose to process that is up to you, but you’re paying for way, way, waaaaay more truck, accessories and BS nowadays.
Essentially you are buying a highly optioned Yukon/Tahoe, Escalade level vehicle with a diesel engine.
Again, hardly the fault of it being a diesel as to why it’s gotten so incredibly high priced.
Oh, and people just keep right on buying them, despite the fact that most of those trucks have far outpaced the average US salary.