The used diesel truck market

Started by alwayzbroken, March 21, 2008, 08:14:59 PM

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alwayzbroken

March 21, 2008, 08:14:59 PM
I'm not sure about California but the price of fuel in the midwest jumped from 2.20 to 2.97 in one week. What has or is happening to the price of used diesel trucks? I am guessing I just lost at least $3,000 in value on my 01 F-350 due to the increase in fuel prices. What are your thoughts?
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boggerunner

#1
March 21, 2008, 08:18:55 PM
it is $4.19 a gallon here in colorado

NT-OUTBACK

#2
March 21, 2008, 08:29:21 PM
Another factor is the big three know that demand will soften for trucks and SUV's. Why buy what's used, when deep discounts and nearly zero percent interest might be in the pipes for new.

kneedownnate

#3
March 21, 2008, 09:57:52 PM
Quote from: alwayzbroken on March 21, 2008, 08:14:59 PM
I'm not sure about California but the price of fuel in the midwest jumped from 2.20 to 2.97 in one week.

It's been quite some time since we've even seen prices below $3, now cheap gas $3.50
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BLACKDOG

#4
March 21, 2008, 10:41:27 PM
Diesel is about 3.90 around this area (Reno, NV)


Damn, just did a KBB assessment of my truck.  Its worth has dropped about 3K using the same #'s that it had when I bought it in Sept. :smack:

Oh well, didn't plan on getting rid of it anytime soon anyway :dunno:

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hardwayup

#5
March 21, 2008, 11:40:25 PM
Quote from: BLACKDOG on March 21, 2008, 10:41:27 PM
Diesel is about 3.90 around this area (Reno, NV)


Damn, just did a KBB assessment of my truck.  Its worth has dropped about 3K using the same #'s that it had when I bought it in Sept. :smack:
Oh well, didn't plan on getting rid of it anytime soon anyway :dunno:


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Toymin8r

#6
March 22, 2008, 07:52:37 AM
Where in the midwest is it $2.97?  Its $3.59 in St. louis. MO 

Anyway, the oil companies are driving diesel fuel prices up because they are fighting the automakers trends to develope more diesel powered vehicles in the US.   Diesel is more efficient than gas and the consumption will ultimately be less if the US converts to diesel like the rest of the world.  The oil companies obviously do not want more efficient vehicles in the US market.

Ultimately I don't think it has hurt the value of diesel trucks.  Their superior to gas fuel economy still makes them hold their value really well.  In the long run though as the US makes diesel fuel more and more environmentally friendly our older diesel trucks may eventually not be able to run these new fuels without alterations, which are likely to be very expensive.
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PA_taco_13

#7
March 22, 2008, 08:20:33 AM
diesel is $4.25 cash $4.30 credit in PA  but i still want a  2000 extended cab 2500 series dodge with stacks  :burnout: those cummins' sound sooooooo sweet  :driving:  around here the diesel trucks and cars keep coming down in price can't wait till i can get one for mega cheap :yupyup:
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toyotanner

#8
March 22, 2008, 08:24:08 AM
diesel is running $4 since last week and its like 3.53 for regular in portland oregon man i cant wait to convert to propane. its only 2.65 right now :(

BLACKDOG

#9
March 22, 2008, 08:55:51 AM
Quote from: toyminator2000 on March 22, 2008, 07:52:37 AM
Anyway, the oil companies are driving diesel fuel prices up because they are fighting the automakers trends to develope more diesel powered vehicles in the US.   Diesel is more efficient than gas and the consumption will ultimately be less if the US converts to diesel like the rest of the world.  The oil companies obviously do not want more efficient vehicles in the US market.

.

Not only that, but all of our war machines run on diesel, creating a higher demand for the fuel.
:usa: Its better to die on your feet than live on your knees :usa:

"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free. "

"I don't believe in a government that protects us from ourselves."
              -Ronald Reagan

Don't take life too seriously, it isn't permanent

alwayzbroken

#10
March 22, 2008, 09:19:52 AM
Quote from: toyminator2000 on March 22, 2008, 07:52:37 AM
Where in the midwest is it $2.97?  Its $3.59 in St. louis. MO 

Anyway, the oil companies are driving diesel fuel prices up because they are fighting the automakers trends to develope more diesel powered vehicles in the US.   Diesel is more efficient than gas and the consumption will ultimately be less if the US converts to diesel like the rest of the world.  The oil companies obviously do not want more efficient vehicles in the US market.

Ultimately I don't think it has hurt the value of diesel trucks.  Their superior to gas fuel economy still makes them hold their value really well.  In the long run though as the US makes diesel fuel more and more environmentally friendly our older diesel trucks may eventually not be able to run these new fuels without alterations, which are likely to be very expensive.

Oops. I meant 3.20 to 3.97
If you still have control you aren't going fast enough
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