Actually, the '90s were more like 20 to 30 years ago. Hard for me to wrap my head around that as well.And the 90’s were only 10 years ago….![]()
Yep. Made $300 on that Mexican Jazzmaster I just sold, and I bought it in either late April or early May. I know I played a gig with it in early May.Right now there is a HUGE demand for guitars, and a lot of other things, combined with shortages of new guitars. People can't get new ones, so they go after used ones. Supply and demand. It is now a seller's market, and will be until the massive international ocean freight shortage stops.
That is also pushing up the prices of everything, as well as making sure that new guitars are delayed.
And this is why I only buy used pickups from elderly gentlemen who are downsizing. They're typically well maintained and I avoid the massive markup of new/retail. Of course, I don't use mine as a daily work vehicle, either.I also routinely lament the fact that 7 years ago my truck stickered for $50k+ when you could get a nicely appointed F150 for $17k in the 90’s.
Amen, brother. I will personally never buy a truck brand new. Got my 2015 F150 in early 2017. I just can’t stomach that instant depreciation when you drive off the lot…And this is why I only buy used pickups from elderly gentlemen who are downsizing. They're typically well maintained and I avoid the massive markup of new/retail. Of course, I don't use mine as a daily work vehicle, either.
After reading an article in WSJ in the early aughts regarding the obscene profit margins automakers earned on big SUVs and pickups, I asked a friend who works at GM corporate why/how the hell manufacturers could make, say, $10k per unit on a loaded pickup versus a few bucks on a sedan. He just laughed and said, "Because we can."
And this concludes today's Econ 101 lesson.
Yeah, I'm the same. And I was born in the 90's.... just! FMLActually, the '90s were more like 20 to 30 years ago. Hard for me to wrap my head around that as well.
I'd heard that before about trucks for years, and apparently it's still true. I saw a segment of a news broadcast on either CNN or CBS last week, that said the same thing is still going on with truck sales right now, trucks sell at a premium and a high profit margin, and fly off the lot; where sedans tend to sit awhile...or used to. They also said that there's a supposed shortage of vehicles for sale new and used right now, partly because the vehicle factories slowed production when The Pandemic hit and they're just now catching up or trying to, partly also due to a shortage of computer chips needed for new vehicles as well as new computers/laptops for the same reason...which reminds me, recent local news broadcasts in my area have also mentioned a shortage of school supplies in the stores within the last week too, due to...you guessed it. <_<And this is why I only buy used pickups from elderly gentlemen who are downsizing. They're typically well maintained and I avoid the massive markup of new/retail. Of course, I don't use mine as a daily work vehicle, either.
After reading an article in WSJ in the early aughts regarding the obscene profit margins automakers earned on big SUVs and pickups, I asked a friend who works at GM corporate why/how the hell manufacturers could make, say, $10k per unit on a loaded pickup versus a few bucks on a sedan. He just laughed and said, "Because we can."
And this concludes today's Econ 101 lesson.