Posted on Jun 10, 2021
Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why
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https://www.npr.org/2021/06/10/ [login to see] /inflation-is-surging-the-price-of-a-toyota-pickup-truck-helps-explain-why
Prices for a lot of things are surging across the U.S., and John McConnell's recent car-shopping experience helps explain why.
McConnell, from Colorado Springs, Colo., was recently looking for a Toyota Tacoma to replace his two-year-old Nissan Altima and was shocked to see the one he wanted priced several thousand dollars above the sticker price.
He plans to buy it anyway.
"I'm not going through a midlife crisis. I just kind of have an itch for this," McConnell says. "I'm willing to pay a little bit more right now, I guess, because right now I can afford to."
After a year of the coronavirus pandemic, McConnell was itching to go camping more and do more outdoor activities. And like many Americans who were able to continue working through the pandemic, he had the money.
"You know a little Nissan is not going to cut it on a lot of the roads around here during the winter," he explains of his decision to upgrade.
Prices for a lot of things are surging across the U.S., and John McConnell's recent car-shopping experience helps explain why.
McConnell, from Colorado Springs, Colo., was recently looking for a Toyota Tacoma to replace his two-year-old Nissan Altima and was shocked to see the one he wanted priced several thousand dollars above the sticker price.
He plans to buy it anyway.
"I'm not going through a midlife crisis. I just kind of have an itch for this," McConnell says. "I'm willing to pay a little bit more right now, I guess, because right now I can afford to."
After a year of the coronavirus pandemic, McConnell was itching to go camping more and do more outdoor activities. And like many Americans who were able to continue working through the pandemic, he had the money.
"You know a little Nissan is not going to cut it on a lot of the roads around here during the winter," he explains of his decision to upgrade.
Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why
Posted from npr.org
Cars
Shopping
Trucks
Posted 3 y ago
Responses: 3
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As I said to a gentlemen below, the prices aren't up because of inflation or politics. The prices are up because new vehicles are waiting idling by for computer chipsets. Until chip manufacturers catch up with orders used car prices will stay up because demand also outweighs supply. As new cars come out and the supply normalizes demand and price for used autos will go back down.
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I got some warranty work done on my Jeep last week, and while waiting I walked around "window shopping" the new ones. The prices blew me away, also there were only a hand full of used Jeeps and trucks on their lot. I got a text from them a couple weeks ago with a offer of close to $20,000 for mine, if I didn't like it so much I would have took them up on it.
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