Why The New Chevy Silverado Isn't Selling
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- Today I talk about Chevy/GMC's sales figures and compare them to Ford and Ram!
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There isn’t a single pick up truck that is worth $65 grand. Change my mind.
Raptor R
My Raptor
Absolutely nothing with a set of wheels should be more then a fuck**g house..... I'll stick to my old school rust bucket
(in my salesman's voice) Sir!! You deserve this truck, You work hard and are worth it!! With 20% down and your trade and good credit you can easily swing $700 a month for 96 months,no problem!! The women, The respect, you deserve this!! How did I do? Ready to sign?
Rivian. Faster than the above
These manufacturers are going to price themselves right out of business 😳
good
They did. And the government bailed them out.
@@leir2005exactly that’s why they’re doing this cause they know Uncle Sam is gonna bail em out with tax payer money
Looks like they are there again. Highly overpriced.
Pay attention to the world. The elite ruling class wants to deny us freedom of travel. Note, they can easily afford the most expensive vehicles.
The last truck I looked at was a GMC. I stopped because it looked nice. The sales price was $93,000+TTT! INSANE!
You should do a video on the reliability of these new trucks. Which ones are spending more time in the shop with blown motors.
Don't forget blow tranny's leaking transfer cases brakes that don't work fuel brake and tranny lines rust away no ground clearance and they want 60 grand go to hell
All have gone down the toilet
How are you going to get that data? Manufacturers don't release it and most of the claims made on the internet by anonymous strangers are ridiculously exaggerated.
@@karlschauff7989 consumer reports? I’m sure they don’t pull data from internet trolls.
The engines and powertrains on most new vehicles, including “trucks”, are more reliable than ever, as REAL statistics from JD Powers
, and various other sources, show.
Truck prices are just insane. The cost over the years has out paced the cost of living and now I hope these manufactures get to feel our pain as consumers
A-men!
who do you think works at the manufacturers? a: consumers.
Vote for Biden again!!!
@@piggy310 Didn't vote for him the first time! What's he got to do with this anyway?
I PRAY THEY FEEL THE PAIN
I'm old enough to remember when pick ups were actually cheaper than cars and was an affordable option back in the day.
I had several opportunities over the years to purchase a nice truck but opted for a car, years ago they were super affordable. Now that I’m older and I want a new truck I’m completely priced out.
And they were work trucks, not mall crawlers!!
@@kenuber4014 your 2001 F-150 couldn’t do 1/4 of what a “mall crawler” can do today.
I'm old enough to remember those days too. I went to a Honda (motorcycle) dealership and an elderly man about my age was looking at a new UTV. He was shaking his head at the price (over $25K). I told him that the price of that UTV was more than the price of my first 3 cars combined. (All new, 66 Mustang, 69 Torino, and 72 Torino). And trucks were less expensive than the cars were. My current truck is a 2005 Ford FX4 and hopefully, it will be my last truck and since it's only got 70,000 miles, it should be. BTW, I've always had 3 vehicles and the truck was not used any more than needed. It never got very good gas mileage, so I used the other vehicles every time I could.
@@reb1050 yeah, I had a 97 Dodge Ram bought in 98, paid 23K for it. I just replaced it last year with a 2014 Silverado with 85K on it and I paid 24K. I've always had at least 2 vehicles myself so my vehicles typically last a long time. I'm hoping this will be my last truck, but it would be nice I suppose if I lived long enough to need another one. I just don't see how people do it these days.
Such a great video. I’m currently 21, I bought my first brand new truck 2 years ago. I got a Custom rally edition with the 2.7L Turbo and I paid $39,000 ! If I wanted trade it in for a newer model I’d be paying over $10,000 which is absolutely insane.
I’ve done hundreds of hours of research before I purchased my 2023 Tahoe high country diesel. I’m very happy you confirmed my findings. I was considering the GMC Denali ultimate. I really wanted the air ride along with all the other features the high country Tahoe came with air ride for 82k This is the only trim level that comes with air ride. The Denali ultimate was 110k. Great savings with more features going with the Chevy.
Absolutely insane That base models with old interior and cloth are 52k. After taxes and fees you are at almost 60k for a base truck with no creature comforts inside that you should be getting. How can the majority of people afford remotely close to that. Even the new Colorado is expected to cost 45-50k. Ben’s right. If they lowered prices to around 40k they would sell a million trucks a year.
You forgot to factor in the devaluation of your US dollars.
@@clearcut6818 and manufacturers need to account for that. They’re dealing with a poorer customer base so their pricing needs to reflect that.
It’s why the Civic Si is cheaper in Canada than in the USA. Same car, but Canadian dollars are worth less so they pay less.
not how profits work
For several years auto makers have increased prices TWICE AS MUCH AS INFLATION, we are now to the tipping point of MEXICAN made vehicles and parts are out of reach, as most of those jobs were not only USA, but union jobs that paid something. Today GM has closed 70 % of the manufacturing sites they had here. AMERICANS are poorer and the corporations are a huge cause of that, WHILE rising prices much faster than the rate of inflation.
I agree. Historically the mid range model LT has always accessible to the majority of Silverado buyers. Add in rebates and incentives and you have an affordable truck for most working class people. Chevrolet essentially priced out the majority of its customer base and sacrificed brand loyalty in the process. What a slap to the face to loyal customers. I purchased my first Chevrolet in 2020, a Camaro SS, which I couldn’t have been anymore satisfied with. So much so that I was originally looking to buy a Silverado when I purchased my truck last year.
But when I saw the egregious prices they were demanding for the new models, the fact that incentives and rebates were basically non-existent, on top of the fact they were not budging on price leaving no room for negotiation, I abandoned the fcuking brand altogether. My logic was: 🤔 Silverados are nice, but they for dam sure ain’t 60k for a mid range LT nice! GM must have lost its dam mind, they could keep that cheap ass looking shit for those prices. Poor dealers 😢
Because they are expensive as hell.
Agreed! Custom trailbosses are going over 50k. Yea that 2 inch lift and trailboss sticker looks nice. But thats about it! Bought my 2020 for 54k 3 years ago slighlty used that is nicely optioned( z71, leather, blind zone alert, bed liner, park assist, tow package, etc.) These newer prices are insane!
@@elcuh9506 In 2002 I bought a Sierra Denali AWD/AWS that was so loaded the only option was a block heater for $31k......Inflation is a thing I know but come on boys this is more like an explosion. I'm retired now and drive a used car and thankful I was able to get my new vehicle ya ya's in when it was at least affordable.
Lol Word. Has he hit all the manufacturers yet?
This is getting ridiculous.
Instead of the same exact video for every manufacturer... how about just one video saying...
"THEY ARE TOO EXPENSIVE!"
@@jerryjeromehawkins1712 But, how else is he going to “make videos daily”?
I have a 2008 Toyota Tacoma double cab off-road 4X4, I purchased new with a MSRP of 32k. Negotiated the price down to 26k, it helped that a gallon of regular unleaded was at $5.00 a gallon at CostCo in SOCAL at the time of purchase. The Tacoma has just over 105k miles and still runs great. I have several other vehicles and I have contemplated buying a new full size ½ ton pick-up. Seeing the prices I am staying with my trusty Tacoma.
A dealer would probably give you $19,000 for it today and sell it for 30K to some dope.😄
I have a 2004 Toyota Tacoma with 176,000 miles and still going Strong!!!!
I had one of those but the rust ate it.
VERY INFORMATIVE, THANKYOU!!!!
I appreciate your price breakdowns but I think I’m still about $10-$15,000 short from being able to afford a truck nowadays.
Don't forget the interest rates now make the payment seem like you added another 10-20% to the purchase price
Pull a "Hell or High Water" on them banks.
I ordered a 2023 Chevy 3/4 ton HD 4 months ago. I buy them stripped down because it’s a work truck. The only options I ordered are air, radio and cruise control the price is $ 42,700.
I’m still waiting on it to be delivered.
I drive a 2008 Silverado with 262k miles. For the price of a down payment for a new truck, I looked at my options and put the money into an engine rebuild, brakes, and a general fix up. The engine builder said they are getting a lot of business for older pickup repowers due to the outrageous prices for new. one more thing….on the 2008’s title, original sale price was a little over 20k. Seriously. Why don’t they just dust off the old plans for 2008s and build those, for say 30k?
I’ve been looking for Colorado\ Canyon, can You produce a video on them or midsize trucks in general ?
My silverado bought in 2020 was a nice equipped LT model. Sticker price was $43k with 5.3L motor. I don't see $10k improvements in past couple years. The 4 cylinder turbo is a bad idea. People like me don't need the full crew cab. The ext./Double cab has been on past 2 silverado. Many of the crew cab have only the 5ft box and I prefer the 6.5ft. That's my 2 cents worth of my opinion. Lol
I have the same truck and paid $43k as well. I have the 4x4 5.3. The same equipped 22 model was a whopping $52k. Glad a purchased when I did 😅
The 4 cylinder turbo is a good engine
I don't doubt that it's a good engine , just not sure about lifespan with it when hauling campers, boats etc... I have driven a loaner truck with it. Seems fine for every day driving
Most dads seem to have trucks, and I can say the double cab is terrible vs the crew cab. Family of four and when I was in 8th grade at 5’11 sitting in the back of the double cab is terrible longer than 3 hours vs the crew cab
@@widowmakerjj while you’re correct about longevity concerns, that powertrain is meant to be a people hauler. Think of it as an SUV replacement as modern day SUVs are now pavement princesses for the most part.
I bought a brand new 2000 short bed single cab LS Z-71 back in the day for around $23,000. I make more money now but there is no way I could justify the cost of a new truck.
There's also tons of features that are getting stripped from the newer models. On the Rams Homeilnk, folding mirrors, blind spot systems, etc are being gutted out of the lower trims. So not only are prices skyrocketing, but you're getting less features for the money.
Love hearing him spout out these prices! Nope,nope,and nope!
It's a good point that the Chevy is priced a bit less than the other but as Mike Dalton just commented... still expensive as hell lol This is a blinking contest between manufacturers and consumers and I hope the manufacturers blink first because I do not want these high prices with zero incentives to be the new norm
Expensive and consumers are facing much higher cost of living so no extra cash for a higher payment. They might sell if they did 92+ month loans.. lol
That's a great way to describe it. Yes, manufactures are dealing with increased production costs - but at this point the MRSP of new trucks is a "let's see how much the market can bear" experiment. I suspect this experiment will seriously backfire as we go into a recession and buyers are facing much higher interest rates for auto loans. Manufacturer rebates will be making a comeback in a big way.
Manufacturers WILL blink first. Nobody HAS to have a 65k new truck that is lacking in basic creature comforts...
@@bamahama707 I agree... But the mob is fickle.... And people are stupid lol
Has it transitioned into a buyer's market yet? Are dealers generally doing deals closer to invoice for special orders?
No matter the price, ultimately it’s your decision, but paying higher and higher prices makes it more challenging to get reasonable pricing.
I was in the market for a replacement to a 2017 F150 Platinum that I sold (regrettably) in 2021. I tried ordering the same truck from my local Ford dealer that I've transacted multiple cars through. The sales staff was relatively decimated and it was a case of "place an order and we can wait." I had the luxury of waiting, as I had a car to drive. After 5 months of placing my order, forums started telling us that interior colors were being paired down, and the max recline feature was gone... and then the dealership stopped responding to my inquiries. The other insult to injury part was, my 2017 F150 Platinum with everything but FX4 was an MSRP of $65k with a transacted price of $53k. The new version was $74k at the time of ordering without rebates. I finally called the dealership and it took a month to get the order out of the system and my deposit back. I just built the same truck that I ordered for $74k and a year later, it was $81k. No thank you.
The continuing price increases, then dealership markups. The interest rates are outrageous. Having to wait months or longer to get one, since ordering. The reliability has gone down terribly.
That’s why they should be called stealerships
They had a lack of parts in 2021 and 2022 so they increased prices to make the same profit over fewer vehicles. Shipping costs for parts went sky high in 2020 and 2021 so they added those costs and never backed them out after shipping went down from 600% rates closer to normal.
Do you know if GM offers a similar discount that Ford offers in the X-Plan for veterans? I see the random $500 that dealers offer, nothing like X-plan though.
You're correct Ben. Can you imaging how many more trucks GM could sell if they would just drop their prices of trucks by just 5K dollars compared to Ford, and Ram. I don't know what the profit margin is on trucks these days, but it has to be a bunch. GM may be able to actually increase their profits by selling more trucks while helping out their customers with lower prices. However, I have worked (as a peon) with big Executives at a Fortune 500 company, and their long term thinking/vision is non existant these days.
There was another great video done by another youtuber about how the Japanese and Korean producers are going for market share instead of raw profits. It shows that they are killing it as far as overall sales. All the while American producer's lots are backing up. I wish I could remember who did that video.
Very true
Dont get Ford truck, you'll die in a tin pop can
I think about 70% of the consumer price is profit and tax.
You’re probably right. They make all their money on the big trucks and suvs. Sedans are break even or losers and EV are complete losers… so unfortunately truck buyers continue to subsidize the whole companies, thanks to the average mileage us government requirements…. It’s sad.
This explains why the older ones are so in demand. After looking for months,I found a 2015 LT,with aftermarket rear air lift,trailer brake control,95K miles for $ 25k. I love it and will maintain and keep it for a long time.
95k miles, u just bought an endless money pit. That truck is already half through it's life. May as well spend 50k and get a new truck.
Can't get a new truck for 50 grand..if it were 50 grand then tack on finance charge itl be much higher
Shit I could easily find a damn near new 2020 tundra for that. I’d do that any day of the week! Almost financed one but bought a 07 silverado for $15k with the same amount of miles as the guy above..
That’s crazy I paid 25k for what you got with 20k miles in 2018. Crazy world we living in
once these newer chevys go over 100k miles from 2010 and up the start to fall apart. keep and eye on the oil cooler lines, they love to go.
My Parents bought a 4-door Z71 for something like $35,000 in 2004, and that truck was snazzy back then. A comparable truck today would be $60,000, easily. That pretty much says everything right there.
1986, Dodge Ram 360 motor 3/4 ton great paint from factory still, interior good still runs. Replacing the fuel filters and lines been sitting for 5yrs. Primed it up, it started it turned over. New battery when finished rolling out. It's a classic paid $500.00 bucks back in the early '90s. Solid Truck, Peace.
There’s only one rule in sales: for right price, everything sells
To get anything other than that 2.7, you need to get higher trim models that cost at least 5-10 grand more than the baseline, and then pay for the engine option, too. Those packages come with all kinds of useless extra features like heated seats and wheels and cameras and nanny devices. And then you have to pay another 1500-2000 to get a proper gearshift lever and dump the atrocious bench seat they put in these things. And you can't get a 2 door with anything but the lowest engine and trim. So there's another 5-7 grand. All said, it's hard to option in a proper drivetrain without all these bells and whistles that take MSRP up to around 60 grand. Going by prudent financial rules-of-thumb, income should probably be well into 6 figures... like 140-150k/year to support the purchase of a 60k+ vehicle unless there's 40%+ down payment. I am thoroughly convinced most pickup trucks being sold right now, are being sold to businesses. Private buyers have to be rich and/or stupid to step into this nonsense. Only way I would buy one right now would be if I could single cab, short bed, 4x4, bucket seats, with a v8 (preferably 6.2L), and for no more than about 45k.
I think its a lot of idiots taking out loans they cant afford for obscene interest rates, these ppl will likely never own a home or the level of their home purchases/retirement are being diminished by a vehicle that lasts 4 or 5 years.
45k? More like 35k.
Loans have gone up to 8 years. These are priced for real estate developers.
6.2 single cab for $45,000 is definitely not happening 😂😂 6.2 you have to pay to play ball..
I've seen that with a few items. Notice how local governments always have fleets of the newest chevys and ford trucks. The government buys all those regular cab trucks, and they can pay no matter the price. I prefer the regular cab also. Same with welding equipment, if a company has a government contract then they don't have to be competitive, or so it seems.
Ben, have you heard any rumors that the Nissan Titan may be discontinued in ‘24 or ‘25. I would greatly appreciate any insight that you would have into this topic. Thanks.
I just got my lt with the z71 package. I love mine
This video nailed it. I’ve always purchased Ford trucks over the years and just switched to Chevy last year. Ford was insane with their pricing ($15-20k over sticker) and Chevy offered their trucks at sticker with some nice rebates. Plus Chevy came with so many more options at the price point I was looking at It was a no brainer.
Welcome to the bowtie family…🏁
I know this is a months old thread, but I was in your same exact situation and had to buy a Chevy last Friday because of it. Ford's pricing for what you get is stupid right now.
I’ve had mine exactly a year today, it’s been an excellent truck so far. I think it was a good choice.
I think Ford needs to get off their high horse. They are still asking $10k over asking for their raptors and $50k on the R’s. The thing that blows my mind is people are actually paying it.
Just purchased a new 3/4 ton. A day of shopping showed one thing. Silverado is the bang for the buck. I purchased a 2500 HD with the LT package. Owned Ram for years, and I wish I had switched before now. Ford and Dodge Ram are, at least in my area, price gouging.
I hope you didn’t buy the gas 6.6 motor.
@@scott5799 The engines have a pretty high oil consumption rate, and are burning a quart of oil every thousand miles, and more. There are so many better options out there. Don’t buy a unproven gas motor in a 3/4 ton truck. Buy diesel, or go to the 7.3 gas motor.
@@scott5799 7.3 is the best gas motor in a heavy duty truck sold currently. However, If you are doing heavy towing often, Diesel is superior. Otherwise, No.
Ford is building better motors. I don’t trust GM. Yes the 7.3 is very new, but Is a reliable platform, and better low end torque for a N/A motor. The issues with it were very early on.
@@scott5799 so you got rid of a truck that has a problem with 150k miles on it ... And with a truck that has cam phaser issues at literally any mileage?
I picked up a 23' Tundra Platinum at dealer Invoice last weekend. I didn't even actually negotiate to get there, honestly. My guess is they just needed to unload the inventory for some other reason, like a dealer volume incentive (back of the house stuff) for the month of March. Any idea? I visited 3 other Toyota stores in the area and the were all at MSRP for the same model.
I bought a 2024 Chevy Silverado Trailboss LT Thursday evening. Love it! Definitely bought the 3.0L Duramax! Did about $15k off MSRP
I bought a new 2020 F150 STX package with 4x4 for 37k + TTL. It was immediately prior to covid. These numbers are just absolute madness. Inflation or not, I would never spend damn near TWENTY THOUSAND more dollars for a similar truck. I guess this will have to turn into my first super high mileage truck...
You are absolutely right. Buddy of mine got a 2019 STX for like 36k new. Crew cab,4x4, 2.7 ecoboost, etc. That truck now is in the 50s. THE 50s!! Its been 3.5 years. XLTs are like 60-65k now. Insanity.
Same here! I bought my 2020 platinum F350 single rear wheel short bed 4x4 diesel in May 2020 for a steal and figured I’d keep it for 2 years (my average) then get a new one. After seeing this crazy inflation there’s absolutely no way I’m getting rid of it. It’ll see 2-300k miles plus before I shell out these insane prices. I’m 100% prepared to keep mine til the wheels fall off lol. It’s a daily for me and I don’t tow so yeah we have a ways to go 34xxx miles on it as of today.
I bought a 2020 Silverado msrp was 56. For the same truck now it’s closer to 62-63k. The new interior is nice but the price, although like you said it’s lower than ford or ram, still it’s priced out of the market for someone with a bigger family like myself.
Great video, I currently have a 2022 Silverado custom 2.7, love the truck, not much the engine, looking to upgrade to a 2024 RST diesel
Just got my Frontier Pro4X fully loaded. Sun roof, heated seats, steering wheel. Fender sound system. The works. 44,000. And the Titan Pro4X you can get for 54,000. Not enough people consider Nissan. Great value for the price.
My first house was only $54,000!!!! These truck prices are ridiculous!! No wonder they aren't selling!
2021 Mercedes Sprinter was $60K. It is a crew and really nice inside. It can easily hold twice as much cargo, almost 3 times -any large pickup. Seats 5. Diesel. Tows 5000lbs. too.
Are you including the medium duty series for GM?... that would also lower pick up figures
This is not hard to figure out, Trucks have simply become to expensive!😁😁😁😁😁
Spot on Ben, pricing of base trucks is insane.
You are correct sir!
My biggest complaint over the last few years is that all the brands have made the bed height so much taller. I have a 5th wheel trailer and it fits my 2007 Dmax fine. If I were to buy new I would have to raise the trailer 6 inches to fit.
The vehicles themselves are too damn big, it's to get around EPA regulations. Pedestrian fatalities have been on a big rise ever since, the vehicles are too high now and instead of the victim rolling up onto the hood/windshield, they get hit by a moving brick wall. Good luck seeing a little kid run in front of you while driving one of these things, ain't gonna happen.
I wish Ben would have discussed financing; since there is no more scarcity, the manufacturers are returning to making their profits either by offering high interest rates with discounts, or low interest rates without discounts. The manufacturers make a similar profit either way, which is why it's best to buy when they offer discounts with higher interest rates and than get outside financing at a lower rate. Rather than just presenting unit sales per year, it also would be informative to see the increases in the MSRPs of trucks by make and model over the last 4 years). As long as the manufacturers can sell over 450,000 trucks @ at inflated prices, the prices continue will stay high.
Hey Ben great videos, I currently drive a 2021 Ram rebel, I have a bunch of equity in the truck and low miles and I plan on trading for a 2022 Silverado custom or LT very soon. Reasons I plan to make the switch include lowering my monthly note and getting better fuel economy. I’ve also had some issues with a leaking rear window seal on my ram, dealer replaced under warranty, and I’ve had several other friends with issues on newer rams, tailgate latch issues and a starter problem. I’d love to get a ford as I had 2 in the past and loved them but they are just too expensive.
I purchased a new 2020 Silverado LT and had the same leak problem in rear window. Also the damn truck now has rust on interior metal parts. Be ware Silverado quality has gone to crap! And incredibly over priced
Don’t do it…I have a 2020 Silverado and it’s been nothing but issues
I was born and raised GM . I'd keep the Ram.
@@jameswhiteside1506 yep same here
I have been looking for a LTZ. Started looking December. They are not selling in my area. Will continue to look in November and see what I can find
It is totally worth it to buy a gently used truck. I bought a 2019 RST Z71 with a 5.3 for 45,000. Brand new there is no way I'd be able to afford something that nice with the current prices.
Good luck to all them dealers selling them trucks for 60k+. My 2012 Silverado, still works!
Bring them down to 35k and maybe we will talk.
These insane prices in picked are crazy! I got my 2018 LTZ new off the lot for about 46k. If I wanted to get a new truck with the same add-one; it would be around 70-75k!!!
Does the Ford numbers include the Lighting?
Sure glad we got ours in 2020, a Silverado 1500 RST Z71 in September 2020 at about $53,000 with a $5,000 incentive!! 👍
Numbers might be down but I'm guessing all the companies are making a larger profit on each vehicle considering today's pricing. My '15 Sierra SLT is about as loaded as it could be then but I wanted the max tow package so I didn't go Denali and it had an MSRP of $57k. I bought it at the end of the year and got 20% off putting it under $46K. 8 years later are they really worth the nearly 50% increase in transaction price?
High prices and interest rates are keeping buyers away. Ram peaked in ‘19 because that was a major refresh year. Marginal cost differences between trim levels are small compared to how they price them. They are trying to maximize profits. I expect discounts and incentives especially as inventory grows and floorplan costs hurt the dealers.
I bought a 2022 Silverado for the same reasons you said on here. The base ford truck without any options was 5000 more than a 4x4 custom Silverado. I could have bought a Silverado trail boss for the same price a a 2x4 F150 XL. They are crazy with their prices.
Don't assume "Trailboss" means good though either. Most of them now have only the 2.7L and they're still throwing the 8 speed in with that on some models to keep costs "down" to $52k. The last one I looked at was equipped with that, cloth seats, now rear slider, no sunroof, no bed liner, no updated interior and it was a 2023. For $52k. I opted for a used GMC AT4 that had some miles on it but had the 6.2, 10 speed and every option GM has. Previous owner put new tires on it that are far better than OE.
I hate having to pay big bucks for used, but you will pay huge bucks for new and get almost no options you want these days. Long story short, I wouldn't trade my used AT4 for most brand new Trailboss'. They're relying on the name, the lift and painted wheels to sell them. I think GM must make a mint selling them with all the corners cut and people unable to compare apples to apples.
Just because a truck will wipe your backside doesn’t mean it’s a great deal at $70,000. Chevy, Ford, Ram, GMC, and all the rest, you’ve priced middle class buyers right off your lots. You can keep the damn truck.
The 2.7 is a good motor dam truck is like a rocket ship/sleeper with all its torque
The local dealers around here are flooded with 4 cylinders, and those are the only versions with decent incentives. Apparently not many buyers want the 4 cyl. There's not many mid-tier trucks available in this area so it's either 4 cyl or higher end, and not much in between.
The 4 cyl turbo in the Silverado is not a bad engine at all. 4-5 years now. Now if someone is routinely towing for a living, I'd go with something else. But for the normal pavement prices workload that 80% use their trucks for... it's more than adequate.
No one wants to pay $50K for a 4 cylinder
Plastic oil pan turned me off.
I just don't get the idea of a tiny 4 cylinder on a full size pick up. Even if it has the turbo it makes zero sense. It's like a Chihuahua on speed. It will have an early death.
@@wkw4095 that's the thing... if you've researched the engine, it isn't tiny. And it's not the 4 cyl you are likely thinking that is in smaller cars. But to each their own.
Well - really demand also depends on how long the trucks recently purchased are kept by owners. I kept my 2002 Silverado for 12 years before replacement.
I have been considering leaving Ford for GM. Been life long Ford guy, 3rd F150. Currently rolling in a 14, F150 4x4 had since 2015. It’s in great condition, could probably get a decent chunk of change for it, but 60+K for comparable truck these days, 70 to upgrade to Lariat!?!? Insane. Love the new GM interiors, and the trail boss packages look better than Tremor in my opinion.
That 2014 of yours is vastly more reliable than anything GM makes. I once traded a Ford in for a Silverado and regretted it immensely. I went from a used, but very reliable vehicle to a brand new piece of junk that put me at the dealer getting repairs from day 1.
Right now, the GM trucks are the least reliable pickups you can buy. They have more problems than anything else and have earned do not buy recommendations from Consumer Reports for years. GM trucks are junk. Period.
In my case the big turn-off for me is the fact that the only pickup I would buy is no longer available. That is a standard cab short bed. Chevy had a std cab short box in 2022. But I couldn't find one.
Yes totally agree.
Agreed. I looked at the 2023 model a few days ago and the back seat was huge. More space in the rear vs the front makes for an ugly truck in my opinion. Forcing people to buy a bigger truck than necessary could turn away potential buyers
Hey guys, I’m a Chevy Sales Associate. They have brought back the single cab short box trucks, with the 2.7L Turbo. They’re hard to get and hard to find, hopefully we’ll get more soon. I’m a big fan of them as well
@@DillyDawg649 DO you know what happens when a manufacturer offers something that they really don't want to? They limit the availability and options so that people can't get it how they want in this case std cab short box pickup. When there are few sales for those reasons they site poor sales and then secretly drop said product. I went on the website to build my truck. Then I went on search inventory with the sad. cab short box spec. Out of thousands of trucks listed NOT ONE of these trucks listed was what I requested. The closest was a couple of std. Cab long box truck the rest were ALL four door trucks of every variation. What kills me is that even if I were to order my truck it is only available as a work truck. This is frustrating knowing that in the middle eastern countrys a std cab short box truck is avaible in top trims and decked out with all the options. So check, I bet Chevy has dropped the option. If not, will probably do so sooner than later. Just Saying.
@@DillyDawg649 I would buy one tomorrow if they offer it with the 5.3 V8. I do not want a four cylinder motor
I'm rethinking buying a Ford. But like you said, I heard and have been reading about the 2024 GM Trucks, and I'm thinking about waiting.
I can tell you one thing, the build quality on GMC has declined a great deal. I bought a '22 GMC Sierra 2500 SLT. I've had a lot of problems already. Leaking rear window that had to go to the dealer 3 times. I've also had a transmission issue from day 1. The dealer would constantly tell me it's normal until about 12,000 miles. The transmission would jerk, have trouble with sloppy shifts. "It's the transmissions learning period." I drove the pickup to Illinois from Washington state, mind you at that point I was over 13,000, and the transmission was still having problems. I took to the dealer again, and they found metal fragments in the pan. The torque converter was to blame, and a host of other components, and it's still jerky. They now have told me it's learning again. How much BS do you have to go through after spending $70,000? I was once a GM guy, after this experience, it may be a Dodge next time. Completely disappointed with this truck.
Its not just them. I have a ram 2500 diesel i am selling now. $86k sticker paid 67k in 2019. Ive had issues with brakes, the dashboard is peeling up and costs $2k to fix and one of the ram box locks doesnt lock. Even worse is the spf filter is acting up and costs 5k to fix.
Im moving back to gas and getting a 23 silverado high country with super cruise. Super cruise was big for me its one of the best reviewed “self driving” system on the market.
@Albsure , damn, sorry to hear that. It's just so depressing to spend that much money on a piece. I should've waited like you did for that Allison.
In 1965 my dad bought a chevy [10] half ton fleetside with a 8' box stick 6 and the only extras were painted west coast mirrors and a painted rear bumper [not a step bumper just a bumper].It was just a work truck something that you probably cant even order today..........He paid $1777 including tax delivered.,,,,,,,,,I guess they were the good old days.After we got the truck he filled it up @ Sunoco for $.17/gallon........
On a positive note, the Duramax in my sons GMC Sierra has 35,000 miles, gets 25 around town and well over 30 plus om trips to Mississippi from Houston! No issues at all in 2 years!!!
I am currently in the market for a new half ton and having been die hard Ford in the past, I struggle to see the value and am in fact leaning towards GMC now, primarily for price and value for money. Thank you for breaking it down so clear, that is absolutely helping my decision making even more.
If price and value for money is a top priority for you, you might want to look at Chevy instead of GMC. The most equivalently optioned vehicles between GMC and Chevy have the GMC at about $2K more based on MSRP. Mind you, more vehicles are built under the chevy name than the GMC name, so you should find more Chevy inventory than GMC available.
Your sentiment is EXACLTY like mine. Need a new truck. Want a new Ford. Refuse to pay what they are asking. Will likely buy a GMC this fall if prices drop a little.
I will save you having to wrap your feeble mind around the whole issue just stick with your old truck and mind your own business
@@lefty6string are you not aware of the entire cylinder deactivation problems with GM dropping their valve trains and catastrophically ruining the engine?
IMO - We were die hard fans of Ford until we looked at the 2023 SUVs. The materials, inside the vehicles, are sub standard. It feels like Ford is resting on its laurels. The company will go the way of the dinosaur if it doesn't step up its game.
How is the long term reliability?
You should do a price comparison to the Toyota Tundra! They start pretty low! But here's the kicker since Toyota only makes up 12 percent of the half ton American truck market. There is hardly any discounts vs 10k plus off the brands you have done an awesome job talking about!
The interest rates are ridiculous, I believe that also is a huge problem. I'm glad I got my 22' LT Trail Boss before those interest rates got so high.
That’s something I forgot to consider. Good point 😮
Chevy is offering 0% for 22’s and 23’s
Interest rates are one thing but dealer markups and the increase in MSRP are a huge factor as well. The higher the MSRP, the higher the selling price. 🤔 50k for a truck without a V8? Chevrolet, Bitch please! Ain’t nobody got time for that 😂🤣😅
As someone else said, the MSRP price increases only adds to the problem. I bought a 2023 Silverado RST. It happened to be built November 2022. It was $400 less expensive than a less optioned vehicle built a month later, and about $2800 less expensive than a recently built vehicle optioned identically. The best deals right now seem to be on remaining unsold 2022 models. That said, there can be a potentially expensive trade off of buying a left over model. For those who do buy a holdover vehicle, I would suggest GAP insurance….
@@garrybillick3979 I think what isn’t being said here is that the majority of people complaining about sticker prices, dealer markups, and interest rates are individuals who want a new vehicle, and don’t necessarily need one. Moreover, maybe the Federal Reserve working in concert with manufacturers, dealers, and banks to raise interest rates thus preventing new buyers from potentially racking up more consumer debt on new vehicle purchases isn’t necessarily a bad thing. Additionally, it’s irresponsible from an environmental standpoint to constantly be building new cars when there’s literally millions of used cars capable of getting people from Point A to Point B.
Bottom line here is that most late model vehicle made within the last ten years will last owners at least 100k miles before major problems with routine maintenance. That’s more than enough time to pay off a loan if the terms were reasonable. All that said, if you’re already in delinquent territory and in jeopardy of defaulting on your current vehicle loan, and the vehicle you’re currently driving is working perfectly fine, then stay your broke asses off car dealership lots and get caught up on all your bills; The government is basically protecting financially irresponsible consumers. Whatever phenomenon is transpiring isn’t sustainable & these new cars are literally going no where. Wait another year and buy then. Lastly, There are more than enough thieves out here already, let’s not add loan defaulters to the equation. My $.02.
What about pattern failures on Ford’s (cam phasers and 10-speed transmission) and GM’s (cylinder deactivation and 10-speed transmission). Do consumers even consider these issues before purchasing a truck?
I really do like the Ram, I have had both Laramie 1500 and 2500, but due to rates and price, I'm looking at GMC and Chevy. Even used trucks with 75K miles plus are selling around 45-50K.
I have a 2019 loaded Rst and after rebates and negotiations I got it for 47k fast forward to today for the same truck and features 71k
I’m having a very hard time seeing what I get for a new truck for the price
Too expensive. Too high interest rates. Let the dealers burn.
Dealers don't set MSRP, or interest rates.
@@superfastjeffoftheworld5817 dealers can also take money off of the MSRP.
@@MrG8Rsir Of course they COULD….but if they’re moving vehicles and meeting their sales expectations, they aren’t going to.
@@MrG8Rsir Lower the MSRP when 100 people are in line to pay it? Lol...what world do you live in?
You're exactly right, Price Price Price.
When the National average hourly wage is $20-$25 per hour, and the Autoworker wage is $25-$45 per hour and the Shop charge is upwards of $200 per hour, then yeah price is definitely a factor. I bought a new Ram HD in 2019 for $50k, same truck today is greater than $65k. Why? We all know why!
`Labour is less then 3% of the price of a truck .
@@dynomike1964 according to the UAW see below.
Even the roar from Congressional critics about assembly line largesse seemed to miss the fact that (according to the UAW) labor costs account for about 10 percent of the cost of producing a vehicle; the remaining 90 percent includes research and development, parts, advertising, marketing and management overhead.
@@randylester1219 Still a good value
@@dynomike1964 Thats not really true. There is labor in every module/part they buy before final assembly.
@@dynomike1964 no it's not. Suckers part ways with their money for that.
I just Bought a new 23. Its an LT2, and only missing 3 features that would make it an LTZ. The price on the sticker was 57k. I paid right at 63k out the door. Only 55 miles when i took it home.
For work im an Automotive Technician and the dealer even gave me some pdf print outs that the techs use so i can properly maintain my Silverado myself.
Yes its over priced, really it is. However they really did work with me to get the payments where i want them, and gave me the tools to keep her rolling. I personally had a great experience. Champion Chevrolet in Athens Al.
Hmmm let me think...could it be tge astronomical price,the over engineering under performing or the out of touch financing options?
Well it might have something to do with no chips and most that make it to the lots are sold immediately except the 4 cylinder
The automakers are making 14,000,000 vehicles that are priced for the top 1% of customers, or about 3,300,000 customers who can afford their product. As long as the 1% buys 4 new vehicles every single year, then this is remotely a realistic strategy. Otherwise, archeologists will be the only people to buy the unsold ones.
At some point over time manufacturers lost track of Henry fords formula for success
Still proudly driving my 98’ Sierra around up here in Canada only a couple of hours of where she was built in Oshawa
I just came across an old email from 2020 when I was looking at a Silverado. The dealer was offering 84 months at 0% on a 2020 LT Trail Boss. Sticker was $51k and their offer was just over $40k. Unbelievable that things have gotten that expensive in just three years.
I retired at the start of covid. I planned to get a nicer truck but slowly worked back my plan from a new to a used. The GM lifter issues killed that line for me. I couldn't find any F150s with the 5.0. Same with Dodge, no V8s anywhere. I was very happy to find a 19 Tundra with 38 kmiles and grabbed it. Crazy market.
Smart retirement choice though. It’ll still be running in 10 years.
In the same situation as you. I had a 2007 with the lifter issue. Not sure what to do (buy new or fix)- I got a new engine, but I was still looking for a new truck. Paying above MSRP wasn't going to happen, and the lifter issue still leaves a bad taste in choosing another Chevy. I won't say never but I need a little more time before going Chevy again.
@TheModelmaker123 ya know what's funny? My local dealers have like 10 cars on the lot but the service dept is stacked with 100 newer cars. If that doesn't paint a picture about quality I don't know what does.
I still have a 2003 Dodge 2500 quad cab 4x4 heavy. 220,000 miles for occasional farm use. Rust is the issue, the hemi almost jumps when it starts. I'll try to patch it up this year.
Chevy lost me when they decided I could only get a 2.7 in the Custom. I'm old school and I'd like to choose the size motor I want.
You can….just not in the carryover Custom model.
Price and Quality! In today's economy hardly anyone can afford these new PUs.
Went to the Ford dealer a while ago. I saw a Ford F-150 XLT that was 63 Grand. 63 Grand for cloth seats. Bought a new 97 lariat with leather seats for 28
A couple of observations. First the dollar has been greatly devalued since covid. I believe the main thing that increased pricing is the supply chain issues that are still ongoing despite covid being done. Manufacturers are struggling to get material parts.
I just picked up a new 23 Silverado LT. I wanted to go Ford originally, but there was about a $200 per month price difference between the two - I went with the Silverado because there is more value there. Plain and simple, GM trucks are the only full sized trucks for sale that you can salvage some sort of value deal out of. Ford and Ram are insanely priced comparatively - imo.
And what did you pay for your truck????
You bought based on payment so you are probably fukd in that truck
@@bigfootswatching9986 Looks like he had to get rid of his cellphone/internet plan and can no longer respond.
@@bigfootswatching9986 Sale price of $49,954
I remember in 2019, you could get a brand new Ford F150 4x4 extended cab for 37k.....
It was a reasonable price) considering) as soon as you drive it off the lot) it losses value)
A new Silverado literally cost twice as much as I paid for my 2009 silverado when comparing apples to apples (trim, engine, options, etc). My last two new truck purchases were silverado. Both times I wanted a Toyota, but Tacoma was at the same price as my full size trucks, if not more.
I will be purchasing a new CrewCabTundra this time around.
I know why displacement on demand because they have 4cly 6 cly and 8 cly so if that if want an 8cly then you should get 8cly and so on .
One metric that has really gone up for all the mfg's is the number of warranty repairs. Not only are we paying top dollar, the quality is going down. Not a good trend to say the least.
Ben made some good points. One thing he left out specifically about 2023 is that gm is offering finance incentives on all there trucks not just base models. That certainly played a roll in me buying a gmc last week. With other manufacturers you need to get financing through independent banks, at least for the nicer trims. Not to mention you have to wait years for a superduty.
With engine quality being such a concern on these trucks, it makes buyers hand shake in fear when it is time to sign on the line.
I bought a 2015 6.2 Silverado LTZ 4×4 with 70k miles 24k in 2019. Great truck after the AFM delete. GM wanted 8k to put the junk lifters back in after cylinders 4 and 7 failed at 117k miles. I did it myself BTR cam, LS7 lifters for 2k dollars. My truck is now like it should have been new.
I would consider a new Silverado with the 2.7 if they were like 10k off MSRP. Some dealers here in CA advertise that, idk if its just BS though
According to Ben nothing is selling, yet where i live the inventory (other than Ram) is minimal and no selection
Where do you live? I live in the Minneapolis area and starting to look at F150's. F150's are starting to stack up. Over 1/2 the Vehicles at dealership are F150's. They are also being offered at $3000 to $4000 below MSRP.
Also depends on exactly what one is looking for. My local GM dealers are loaded with 2.7L 4 cylinders, have quite a few 5.3L V8, basically NO 6.2L V8, and maybe one or two diesels. The only deals to really be found are on the 4 bangers that nobody wants.
I have an old 2003 Silverado 2500 and I love it. The stock engine is still really strong at 260000 miles
The latest issue (on top of the outrageous prices) is that the interest rates are getting higher, and unless you have stellar credit, in the 720 plus range, accompanied with a low Debt to Income ratio, the banks are not lending on a lot of cars. Even people with 680 and a semi-high DTI are getting turned away due to the high payments. The banks have been getting a lot of repos lately, and that seems to be a current and future upward trend.
I am so glad that I am not now, and have not been selling cars for a few years. I understand having a market adjustment addendum on a specialty vehicle, like a Raptor, but not one on every single vehicle in the city, new and used.