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points by gffrd 1 day ago | 0 comments

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.

[–] graton 1 day ago

Do you know what the median price is?

[–] gffrd 1 day ago

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.

[–] billbuild 1 day ago

No longer...

[–] gffrd 1 day ago

Is it higher now?

[–] ethbr1 1 day ago

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.

[–] gffrd 1 day ago

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.

[–] jt2190 17 hours ago

“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.