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What in tarnations is happening with the used Tundra market

Discussion in '3rd Gen Tundras (2014-2021)' started by BigCoogi, May 20, 2021.

  1. May 21, 2021 at 9:42 AM
    #31
    Jernik

    Jernik New Member

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    Jeremy
    Texas
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    My low mileage 2020 SR5 with TSS package is still for sale. I'm holding out for $80,000. If Toyota comfirms no more V8, price goes up to $100,000! So if you're thinking about it, better contact me quick before the price goes up!

    :rofl::rofl::rofl:

    Actually, this is one of the few times in my life where I jumped on a deal at the right time. So glad I got my Tundra when I did (a little discount plus 0% financing right as Covid lockdowns started), would hate to be facing this market needing a vehicle.
     
  2. May 21, 2021 at 9:45 AM
    #32
    CurtisLemansky

    CurtisLemansky 5.7 or Die

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    This is not caused by inflation. Low supply + high demand = high prices.
     
    dorton, jtwags and FirstGenVol like this.
  3. May 21, 2021 at 9:46 AM
    #33
    Hbjeff

    Hbjeff New Member

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    you just defined inflation. The demand has increased in part due to money being printed and handed out to people
     
    The Dude, jpod, MogwaiBoogie and 4 others like this.
  4. May 21, 2021 at 9:53 AM
    #34
    Bronco Ken

    Bronco Ken New Member

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    I am so happy I got my 1794 last May, I paid $47,200 before TTL yesterday for shits & giggles I put it in Vroom and they offered me $54800.
    My wife said NO WAY - I agree with her as I would need another truck.
     
    IndianaGeologist likes this.
  5. May 21, 2021 at 9:54 AM
    #35
    aggie_tundra

    aggie_tundra New Member

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    It’s every vehicle. Not just Toyota’s and tundras
     
    IndianaGeologist likes this.
  6. May 21, 2021 at 10:02 AM
    #36
    CurtisLemansky

    CurtisLemansky 5.7 or Die

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    Wrong, supply and demand is not the same as inflation and you’re just speculating that inflation is a driver of increased demand.

    The demand for vehicles has always been there. The reduction of supply has in turn driven up demand, leading to a massive increase in prices. If it were strictly driven by inflation, all goods and services would have seen 20-40% price increases in the past 6-9 months.
     
    dorton, Black Wolf and FirstGenVol like this.
  7. May 21, 2021 at 10:17 AM
    #37
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Seat covers, dash mat, ext. Trans. Cooler, sumo springs, oem pwr fld tow mirrors
    Been to a lumber store lately? I bought fence material yesterday at nearly 4-5 times over what it cost a year ago.
     
    dorton and Hbjeff like this.
  8. May 21, 2021 at 10:19 AM
    #38
    Hbjeff

    Hbjeff New Member

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    @CurtisLemansky i may not know everything, but no, a decrease in supply does not increase demand. Demand is a measurement of ability and desire to consume
     
    AZBoatHauler and 2mchfun like this.
  9. May 21, 2021 at 10:44 AM
    #39
    Hbjeff

    Hbjeff New Member

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    missed this at first. But inflation is simply an increase of price for the same basket of goods. Many things contribute to that. Since we have fewer goods/services being produced right now, yet more free money handed to those not working demanding more goods, we see inflation. Businesses will have to pay more to hire than yesterday, because they are now competing with unemployment. They are seeing inflated labor cost.
     
    knoxville36 and Black Wolf like this.
  10. May 21, 2021 at 10:51 AM
    #40
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Million dollar question....how big will the bubble be inflated before it bursts?
     
  11. May 21, 2021 at 10:53 AM
    #41
    Bammer

    Bammer I'm disinclined to acquiesce your request.

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    A whole lot of people are going to be in serious trouble when it does !
     
    2mchfun likes this.
  12. May 21, 2021 at 10:57 AM
    #42
    FirstGenVol

    FirstGenVol The "Mangler"

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    Too many
    Giving an example of prices increasing on two items isn't the same as across the board inflation. Everyone is so eager to make this political and blame inflation and it's really fucking annoying. Folks are just regurgitating the same talking points over and over. The supply of lumber was impacted last year as the economy shut down. Then demand jumped up as people who were forced to stay home decided to work on all the lumber related projects they had procrastinated for years. It's no mystery why prices increases. Once things settle down prices on lumber will do the same.
     
  13. May 21, 2021 at 11:00 AM
    #43
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    I guess you haven't bought groceries lately either. Or maybe you just don't have to pay attention. I have and do.
     
    The Dude and Bammer like this.
  14. May 21, 2021 at 11:10 AM
    #44
    FirstGenVol

    FirstGenVol The "Mangler"

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    Too many
    You're pinching pennies on groceries but purchased a $50K truck that gets 13mpg? :monocle:

    No, I can't say that I've noticed a big uptick in my grocery prices.
     
    Pearl-snap and GIN•OKUMA like this.
  15. May 21, 2021 at 11:16 AM
    #45
    RLHOK

    RLHOK Keeper of the smoke.

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    Oklahoma, just like the musical, but no singing
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    No longer rolling stock baby....
    I almost sold my 2019 last month. Carvana offered me $43k

    The dealer I bought it from offered me $40k

    in okc at dealerships my year truck is going for $47-$49k

    it’s insane.

    i decided to keep my beast.
    It’s a 0% loan almost half way thru

    I can’t find another and when I do it more than I bought this one for and there’s no 0% Toyota finanacing
     
    TheBeast, 2mchfun and AzureNightmare like this.
  16. May 21, 2021 at 11:17 AM
    #46
    AzureNightmare

    AzureNightmare Geek in a Tundra

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  17. May 21, 2021 at 11:18 AM
    #47
    Acedude

    Acedude New Member

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    This 2019 Sequoia SR5 4WD we bought in February cost $35,229 OTD from a KIA dealer. They had five of them on the used lot from a huge batch of former rental vehicles they bought and were blowing them out for cheap. I was shocked to see the asking price of $37k for a 2019 Sequoia with only 30k miles on it.

    We jumped on that FAST. The other four the dealer had on the lot sold within a week. And part of that batch of former rentals were offered all across the Colorado Front Range and they sold within a couple weeks also.

    I believe Carvana bought them because I've seen the same Sequoias on their site but $10k more asking price. And those sold quick.

    Got lucky jumping on this one before prices went crazy, and that's only three months ago.
     
    Black Wolf and 2mchfun like this.
  18. May 21, 2021 at 11:26 AM
    #48
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Seat covers, dash mat, ext. Trans. Cooler, sumo springs, oem pwr fld tow mirrors
    Yep, purchased a 52k sticker truck for 43k at zero interest for five years that is heavy, has a good powertrain, added 9k in mods to transform it into a "truck" and I will likely keep it for 20-30 years. Gas...not much, only 2500 miles in five months. As for groceries, yep watch the price of those too. It's called spending wisely, so can afford to spend.
     
    truckguy84 likes this.
  19. May 21, 2021 at 11:35 AM
    #49
    RickPlatinum2020

    RickPlatinum2020 New Member

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    Eastern PA
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    Even though I have no interest in selling, Carvana offered about $53,500 for my ‘20 platinum with 10k miles I paid about $48k for last year...
     
    Hoff and Hbjeff like this.
  20. May 21, 2021 at 11:39 AM
    #50
    crewmaxlmt

    crewmaxlmt New Member

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    There are many more reasons as to why the price of lumber has increased so much along with what you listed. This is why it has kept on increasing, not one problem to fix. At the end of the day, it does not help when you forget to turn off the money printer.
     
  21. May 21, 2021 at 11:40 AM
    #51
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Sometimes I wonder a little bit about certain companies being money laundering fronts, Carvana is beginning to creep onto my suspicious list.
     
    cochese likes this.
  22. May 21, 2021 at 11:45 AM
    #52
    AZBoatHauler

    AZBoatHauler Desert Dweller

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    6112 and 5160 w/ CB +2, JL Audio with Kenwood HU, DD 10" Exhaust, RC light bar BD fogs, Platinum LED headlights, RCI skids
    That’s a whole other thread. How about Mattress Firm? Who is buying so many mattresses they can have a store on every other corner?
    9ADC9EC0-49E0-4FF4-AAAD-79DCABAE1245.jpg
     
  23. May 21, 2021 at 11:46 AM
    #53
    War Machine

    War Machine SSEM # 5 SKDM # 23

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    Talked to a home builder the other day. He said a year ago he could build 10 houses with 50k worth of lumber. Now he can build 2 with the same money.
     
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  24. May 21, 2021 at 11:46 AM
    #54
    War Machine

    War Machine SSEM # 5 SKDM # 23

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    delete this
     
  25. May 21, 2021 at 11:49 AM
    #55
    AZBoatHauler

    AZBoatHauler Desert Dweller

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    :smash:

    :spy:

     
  26. May 21, 2021 at 12:03 PM
    #56
    GIN•OKUMA

    GIN•OKUMA You can't get to SSEM from here #12

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    And the billion dollar question. When?
     
  27. May 21, 2021 at 12:13 PM
    #57
    crewmaxlmt

    crewmaxlmt New Member

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    Hard to say. Once they end the crazy unemployment benefits, the manufacturing sector is going to shoot straight up. It will be a nice wave to ride, you just need to know when to get off.
     
  28. May 21, 2021 at 12:23 PM
    #58
    GIN•OKUMA

    GIN•OKUMA You can't get to SSEM from here #12

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    Federally ends beginning of September but many are ending it now. If that theory stands than we should see this manufacturing sector you’re taking about start shooting straight up right now. :notsure:
     
  29. May 21, 2021 at 12:32 PM
    #59
    crewmaxlmt

    crewmaxlmt New Member

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    People still have money in their pocket and I feel that a certain age group is going to do their best to enjoy the summer. At least this is what I am seeing with my business and my hiring issues. I have a feeling that people will start returning to work in October, at least around here anyways.
     
  30. May 21, 2021 at 12:36 PM
    #60
    Hbjeff

    Hbjeff New Member

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    they all need to end at once. Also though, if a domestic manufacturer relies on imported parts, from say canada or england which seem to want to stay closed forever, we are screwed
     

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