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Re:Millions of Americans skipping payments as wave of defaul... by jniedrauer on Wednesday June 03, 2020 @06:26PM (#23409634)
I suspect not many people are buying trucks right now, used or not. It would be hard to sell. It may not be bright to buy a truck worth more than your annual income, but I don't think the situation can be entirely blamed on consumers. It's a systematic problem. Trucks like this are the only profitable sector left for US car dealerships, and they have gone to great lengths to get people on the hook for them. The result is pollution, dangerously large vehicles clogging roads, and consumers stuck in over their heads.
Re:Millions of Americans skipping payments as wave of defaul... by fred_is_fred on Wednesday June 03, 2020 @06:35PM (#23409743)
It's the opposite, a crap load of people are buying trucks right now, dealers are begging for more:

https://jalopnik.com/not-even-a-pandemic-will-stop-american-...

Now - they are drawn by 0% financing which is hard to get on a used truck.

Re:Millions of Americans skipping payments as wave of defaul... by r00fus on Wednesday June 03, 2020 @07:17PM (#23410185)
One of the comments on the link indicates the actual situation - Truck sales haven't increased, but are now relatively even more popular to other vehicles which have dropped in sales considerably. Most likely, as you say, by the good deals - 0% financing.

How long this keeps up is hard to tell.

Re:Millions of Americans skipping payments as wave of defaul... by x86_64Ubuntu on Wednesday June 03, 2020 @06:56PM (#23409960)
That's terrible. That means when the COVID-19 lockdown is all said and done, and we find out that many jobs won't be coming back, many of these folks will be underwater on a truck. I say "jobs won't be coming back" because I've heard that many companies are using this lockdown to let go of divisions and employees they've always wanted to let go of, but never got around to doing.