Comment by gffrd
1 day ago
The average price paid for a full-size truck in the US is north of $65,000.
- https://www.theautopian.com/the-average-full-size-truck-now-...
- https://www.ceicdata.com/en/united-states/new-vehicle-averag...
1 day ago
The average price paid for a full-size truck in the US is north of $65,000.
- https://www.theautopian.com/the-average-full-size-truck-now-...
- https://www.ceicdata.com/en/united-states/new-vehicle-averag...
And there has been 31% cumulative inflation since the cybertruck launched, so perhaps I should have said if it had been a $49,000 truck. But either way, it’s clearly a luxury vehicle that was disproportionately affected by interest rates.
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I'm not so sure -- I live in Southern California in a very liberal area, and there are a huge number new teslas that would have been bought after Musk's political adventures, far more than any other EV brand. A fair number of cyber trucks too, but much less than other tesla models.
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It is excellent that you are exercising your freedom of association, it is a vital right. I still suspect your reason for avoiding this car had a relatively small effect on its failure, while the price had a huge effect.
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Do you know what the median price is?
I'm unable to find published numbers on median price. Kneejerk, a median price 15% lower than avg still gives us a $55,000 truck.
That said, these numbers DO exclude luxury pickups like the Denali, King Ranch … which would send the average even higher.
No longer...
Is it higher now?
That's taking into account farm purchases though, which have a unique shape of "a new truck at any price" in good years zeroing out profits.
I think median, agriculture-excluded would be more representative.
Granted, that's still pushed up by loaded in-town trophy trucks without a spot of mud on them.
I think what you're saying is there's likely a significant number of "cheapest possible truck" purchases in this data that means the median price is actually _higher_ than the average - the median is dragged down by cheap farm trucks. Given that this $65k figure already excludes luxury trucks, that might be the case.
“New truck at any price” is a reference to the tax year-end buying surge of over-6000 lb vehicles for commercial purposes, and farms have the biggest tax breaks I believe. This will pull the average prices higher as the higher price protects more money from taxes.