We’re screwed! [ADMIN WARNING: NO POLITICS. MEMBERS BANNED]

[ZoMojave]

I feel bad about whoever traded in my 2022 Gladiator Rubicon with 12K miles. The window sticker in the glove box said $59K and that doesn't count the mods: full bed liner, 3 inch lift, 35s...

I paid $39,495 and I know the dealership still made a good profit.

Exactly. Last April I felt bad for myself that I traded my '22 JTM for 49k after paying 55k just fourteen months earlier.

Well, after sitting on the used lot for two months, they ended up selling it for 50k after marking down from 52k. The dealer made little profit. That was last June. Now it is worth 39k (trade in) according to my friend and CDJR sales consultant that I buy everything from.

Now I don't feel so bad. ?‍

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[Geoarch]

Now I know why my 2022 JT with 8,000 miles that I bought in 2021 is worth practically nothing!! I paid $54K and dumped over $7K into it like a sucker! Now the most I can get towards a trade in is $33K. Something needs to change! Trucks full size or JT’s should NOT cost this much!

As long as people keep paying...

 

[Cwg33]

True over supply has decreased used values, but the deep discounting is just getting Jeep‘s price inflation back to where it was earlier this year.
My 2022 Willys Diesel I bought in Jan23, was msrp 60,505. I paid 51K. Now I see a 2023 with the exact same build MSRP of 66,7xxK discounted to 54-55K Pre-haggle. Would need to be 25% off MSRP to get back to same price point a year earlier.

 

[Stuntman Mike]

I would say, if I can afford the price of the car that I am buying, I don't have to whine about losses when I am selling it ...

 

[Jrap]

I would say, if I can afford the price of the car that I am buying, I don't have to whine about losses when I am selling it ...

I think you're missing the point Mike. Most people can afford the car they buy - whether cash up front or payments. Not everybody, but most of us. Nobody on this planet I know enjoys losing value more quickly than they should. If we Gladiator drivers are losing massive value because Jeep is over-producing them, driving up supply and artificially driving down prices, we lose money. For those of us who trade or sell these within a few years it's a realized loss and it is painful. If you drive it til the wheels fall off, then I suppose there is no impact regarding this.

 

[Scott L]

Does anyone think Jeep or Stelantis is intentionally overproducing so they can drive the price down? The Gladiator was a hot seller. Stelantis assuming it would continue to sell like crazy ramped up production in order to maximize profits. Demand fell and they have an overabundance so they have to discount heavily which hurts resale. It's pretty basic supply and demand really that and a couple of bad planning decisions at Stelantis. Does it suck? Yes and if I had to sell mine I'd be pissed too but it wouldn't change anything.

 

[Jrap]

Does anyone think Jeep or Stelantis is intentionally overproducing so they can drive the price down? The Gladiator was a hot seller. Stelantis assuming it would continue to sell like crazy ramped up production in order to maximize profits. Demand fell and they have an overabundance so they have to discount heavily which hurts resale. It's pretty basic supply and demand really that and a couple of bad planning decisions at Stelantis. Does it suck? Yes and if I had to sell mine I'd be pissed too but it wouldn't change anything.

No, I don't think it's intentional, but as you pointed out it's probably from poor planning and a lack of reality that sales are falling year over year. It's a perfect storm of adverse impacts, including inflated MSRP's and high interest rates, and they probably reconcile that it's easier to produce extra at a price discount than to make the tough decision on scaling back operations.

 

[dajudge]

As others have mentioned, COVID-nomics skewed the initial cost of vehicles. People would apparently pay anything in order to get a vehicle so the dealers obliged them with corresponding prices. I have been stunned with how many of you payed over 65K for your Gladiators. If you are now down 20K in value it is your own fault. I paid 50524.00 for mine on 7-28-22.
Your unwillingness to travel just a little ways to a dealer who was offering good prices was short sited and now some of you are paying for that.

Also, a lot of people are waiting on the "new" one so they can have the pointless huge screen and power seat. This causes the current ones to sit on the lots.

And finally, if you bought a vehicle as an investment, you would have been better off leaving your money in a savings account. at least it would have drawn .0024.

 

[JamesWyatt]

Wondering what we'll see on 1/1/24. Perhaps 20% off MSRP and/or 2.99% long term financing.

For the Gladiator in particular, it wasn't just overproduction and a change in demand, it's the sudden release of the diesel stop sale backlog from the factory. My dealer's '23 Gladiator inventory is about to double due to incoming diesels currently showing as in transit.

 

[Yellow1098]

i was just about to get a 23 for about 10k off but the msrp was really high…..55k for a sport…..are you saying I should wait for the 24’s? I’ve been thinking that also

 

[mx5red]

I feel bad about whoever traded in my 2022 Gladiator Rubicon with 12K miles. The window sticker in the glove box said $59K and that doesn't count the mods: full bed liner, 3 inch lift, 35s...

I paid $39,495 and I know the dealership still made a good profit.

In my opinion experience Yoopers are not really crackers… just sayin’

 

[mx5red]

i was just about to get a 23 for about 10k off but the msrp was really high…..55k for a sport…..are you saying I should wait for the 24’s? I’ve been thinking that also

55k for a sport? Seriously? I thought sports started in the high 30s but I never check. I see rubicons still high 50s-60 which is what I got mine for in 2020. I’d never pay 55 for a sport, the point is you pay way less so you can modify up for less/similar money (plus labor).
Buy used or buy higher trim for not much more?

 

[Willpower1]

55k for a Sport? WOW

I paid 52k OTD for my loaded Mojave in ‘21…

 

[Yellow1098]

It’s 55k msrp and then 10k off but i am wondering why the lease payments are lower on this one than lower priced trucks

 

[JamesWyatt]

i was just about to get a 23 for about 10k off but the msrp was really high…..55k for a sport…..are you saying I should wait for the 24’s? I’ve been thinking that also

Not sure who you were responding to but since it was posted right after my post: My thinking was wait to buy a 2023 until 2024 in order to get better deals. Or maybe they pull the current deal, and you'll lose out. Impossible to know. But inventory is THICK, so I doubt they'll take anything away. I don't think we'll see 2024 model JT inventory for a while.

For a 56K MSRP Sport like the one you're looking at, the discount should be at least $2K higher.

...i am wondering why the lease payments are lower on this one than lower priced trucks

Lease payments can be lower on a Wangler or Gladiator since the resale values are higher than many other vehicles. This means the amount you have to pay over your lease term is lower, but what's leftover at the end of the lease will be more.

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