Gas prices making anyone reconsider?

[Polo08816]

local dealer, who would have maybe two new half tons out on the lot since the first of the year....now has 15-20....granted they don't really have anything else, but a little surprised by the inventory.

since this is a Tahoe/Yukon forum...my guess is it'll be the first of next year before we see the majority of dealers with Tahoe/Yukon inventory on the lots....22s will be trickling in for the rest of the summer and 23s may start production in late July/August, but I wouldn't expect one until late fall if I was ordering one

My friend is a car broker and he says right now, it appears supply isn't as much of a problem as manufacturers make it out to seem. For the higher end vehicles that he has been order, they've been entering production very quickly. He thinks his opportunity to flip these vehicles will diminish rapidly.

 

[Geotrash]

The gas prices are making us think about how much we drive our XL Denali vs the other cars in our family fleet. It's also caused us to cancel a couple of camping weekends - not because we can't afford the gas, but that the cost vs enjoyment balance of the trips tipped the other way. For example, instead of taking yet another trip to the same campground that's 5 hours away on a weekend last month, we decided to stay home. And in the process, saved $500 in gas.

 

[Polo08816]

The gas prices are making us think about how much we drive our XL Denali vs the other cars in our family fleet. It's also caused us to cancel a couple of camping weekends - not because we can't afford the gas, but that the cost vs enjoyment balance of the trips tipped the other way. For example, instead of taking yet another trip to the same campground that's 5 hours away on a weekend last month, we decided to stay home. And in the process, saved $500 in gas.

Demand destruction in progress...

 

[Savage Pancake]

Demand destruction in progress...

Exactly. If you don’t need a $60k+ SUV at this exact moment, why not wait until the recession is announced to the common folk and reap the lower prices?

 

[Baja_Bob]

I plan on going up to Mackinaw Island after the holiday, as much as I'd like to take the Yukon the Bronco Sport gets 30 mpg.

 

[TollKeeper]

I plan on going up to Mackinaw Island after the holiday, as much as I'd like to take the Yukon the Bronco Sport gets 30 mpg.

Did yours come with the heated/cooled tailgate?

 

[Polo08816]

Exactly. If you don’t need a $60k+ SUV at this exact moment, why not wait until the recession is announced to the common folk and reap the lower prices?

Seems like the recession is happening. Credit is certainly going to get tighter after July and September's Fed funds rate increases. September is also around the time Jeep starts delivering the Wagoneer L and Grand Wagoneer L as well as Toyota starting to deliver the Sequoia.

What I don't know is whether the supply chain will get worse in 3-6 months or get better for Ford and GM production.

 

[Husker4theSpurs]

Yes, I am hesitant to buy right now ... not because of gas prices but because I think demand will decrease as many tighten their belts. However, that being said ... I don't think we are going to see huge discounts on new cars because of supply issues. I'm not certain that the supply issues is just problem getting parts for the manufacturers ... it may be they are careful to not have supply ramped up as it becomes official we are in a recession and experiencing stagflation. It could be a slow 1-3 years for many. The manufacturers have found great value in being able to better control their pricing through supply constraint and I think they won't be likely to want to have product sitting on lots and needing to issues rebates like years in the past.

All that being said ... I guess I wait because I want a Duramax and I'm thinking I can catch one sitting on a lot for a while due to especially high diesel prices and more recession fear. I don't NEED one so I can "afford" to sit and wait.

 

[TollKeeper]

If GM starts following the new Ford SOP.. Where the dealers wont have any new products on the lot, that could be a wait. My local GM dealer has a few new vehicles, but I could probably count them on one hand, unless we are talking about the HD side. The have nothing for new GM 1T+, but they have a crap ton for Dodges.

 

[bunky319]

Yes, I am hesitant to buy right now ... not because of gas prices but because I think demand will decrease as many tighten their belts. However, that being said ... I don't think we are going to see huge discounts on new cars because of supply issues. I'm not certain that the supply issues is just problem getting parts for the manufacturers ... it may be they are careful to not have supply ramped up as it becomes official we are in a recession and experiencing stagflation. It could be a slow 1-3 years for many. The manufacturers have found great value in being able to better control their pricing through supply constraint and I think they won't be likely to want to have product sitting on lots and needing to issues rebates like years in the past.

All that being said ... I guess I wait because I want a Duramax and I'm thinking I can catch one sitting on a lot for a while due to especially high diesel prices and more recession fear. I don't NEED one so I can "afford" to sit and wait.

Yeah, makes sense. I'm taking a slightly different approach. I'm going to go ahead and place some orders just to make 100% sure I get exactly what I want. But as we know, placing an order doesn't mean we will get the product any time soon, so waiting will occur naturally. For instance, the "SLT Luxury package" which I want on my SLT says it is not available at "start of production"...so there is more delay. If the economy gets much worse over the next few months and I can get even better pricing than Supplier Pricing, I'll take it. If not, at least I get that on the exact model I want. And in the very worst scenario, as long as I make sure I have completely refundable deposits, I can cancel my orders if I have to. Yes, you may find a Duramax on the lot, but may not be exactly what you want.

 

[Husker4theSpurs]

Yeah, makes sense. I'm taking a slightly different approach. I'm going to go ahead and place some orders just to make 100% sure I get exactly what I want. But as we know, placing an order doesn't mean we will get the product any time soon, so waiting will occur naturally. For instance, the "SLT Luxury package" which I want on my SLT says it is not available at "start of production"...so there is more delay. If the economy gets much worse over the next few months and I can get even better pricing than Supplier Pricing, I'll take it. If not, at least I get that on the exact model I want. And in the very worst scenario, as long as I make sure I have completely refundable deposits, I can cancel my orders if I have to. Yes, you may find a Duramax on the lot, but may not be exactly what you want.

I agree. I am going to place an order as well ... trying to decide between an Escalade and a Yukon Denali though ...

 

[Polo08816]

If GM starts following the new Ford SOP.. Where the dealers wont have any new products on the lot, that could be a wait. My local GM dealer has a few new vehicles, but I could probably count them on one hand, unless we are talking about the HD side. The have nothing for new GM 1T+, but they have a crap ton for Dodges.

The problem is that GM and Ford won't be the only game in town. For them to, some day in the future, intentionally keep production below capacity, could leave them at a disadvantage regarding sale and market share if Toyota or Jeep decide they will produce at full capacity to have units in dealer inventory.

My hunch is that the mainstream American buyer wants to see and feel the product before making that purchase. Would GM and Ford want to potentially give up market share if they have spare production capacity at that point?

Also, what % of GM T1+ and Ford Expedition owners might consider a slightly smaller SUV like a BMW X7, Audi Q7, Volvo XC90, MB GLS, etc. I would say probably not for those that are considering a Suburban/Yukon XL/Expedition Max, but those other SUVs are potentially an option for those consider a Tahoe/Yukon/Expedition.

 

[Wwes]

And that's exactly what's happening with the HD trucks - see above poster commenting on Ram being in stock vs. GM/Ford. Ram will come out of this smelling like roses because they keep production up and have product in stock right now. Never mind the fact their products are modern and fresh and in some ways class leading.

And yes demand destruction is true. Just cancelled another camping trip for next week, it's just not worth the money anymore.

 

[Polo08816]

And that's exactly what's happening with the HD trucks - see above poster commenting on Ram being in stock vs. GM/Ford. Ram will come out of this smelling like roses because they keep production up and have product in stock right now. Never mind the fact their products are modern and fresh and in some ways class leading.

And yes demand destruction is true. Just cancelled another camping trip for next week, it's just not worth the money anymore.

I think there's a push to wait for 2024 for HD trucks because there's information that almost all of them are going to be updated for 2024. Some people may even want to wait for Ram to put the current 5th Gen 1500 cab into the Ram 2500/3500.

 

[Stbentoak]

Also, what % of GM T1+ and Ford Expedition owners might consider a slightly smaller SUV like a BMW X7, Audi Q7, Volvo XC90, MB GLS, etc. I would say probably not for those that are considering a Suburban/Yukon XL/Expedition Max, but those other SUVs are potentially an option for those consider a Tahoe/Yukon/Expedition.

I'd say practically none. There is a gulf of difference size wise in these vehicles. They may be 3 rows, but 3rd row is really only good for kids and short distances. When you sit in a T1 3rd row, as an adult you are fully comfortable and could go all day if necessary. I had one of these other choices before this and there was nothing really out there to compare, especially if you wanted the Dmax and all the benefits it offered. Mine isn't an XL but it is still vastly roomier than my previous "Notch Down" SUV. An XL could only be even better...My dog 25# actually can ride on the center console of my Yukon. It wasn't 5 " wide on my previous vehicle. (Grand Cherokee).
There aren't many substitutes for this vehicle if you really need the room and the sales figures prove that.... None of the other vehicles will ever come close in unit sales...

 

[Polo08816]

I'd say practically none. There is a gulf of difference size wise in these vehicles. They may be 3 rows, but 3rd row is really only good for kids and short distances. When you sit in a T1 3rd row, as an adult you are fully comfortable and could go all day if necessary. I had one of these other choices before this and there was nothing really out there to compare, especially if you wanted the Dmax and all the benefits it offered. Mine isn't an XL but it is still vastly roomier than my previous "Notch Down" SUV. An XL could only be even better...My dog 25# actually can ride on the center console of my Yukon. It wasn't 5 " wide on my previous vehicle. (Grand Cherokee).
There aren't many substitutes for this vehicle if you really need the room and the sales figures prove that.... None of the other vehicles will ever come close in unit sales...

Perhaps, I don't disagree.

For my GF and myself, we don't expect to need to haul a lot of people but we do like cargo space and the ability to trailer a car. We're just not sure whether we'd want that ability in 1 vehicle or whether a separate vehicle will serve each purpose. Almost any 3rd row SUV like a Ford Explorer or Jeep Grand Cherokee L with the 3rd row folded down would be sufficient cargo space for our use.

We essentially have 2 paths we could go down:

1. Wait until 2024 and purchase a 1 ton SRW gas pickup. Then eventually replace her BMW X3 with a GCL or Ford Explorer a few years after that.
2. Wait out the current market until 2024 and purchase a Suburban length SUV.

I just don't see us purchasing a Tahoe length SUV because they are not that much shorter in length compared to a Suburban and we don't live in a parking space size constrained locale.

 

[Polo08816]

https://fordauthority.com/2022/06/ford-incentives-will-likely-ramp-up-through-second-half-of-2022/

However, Ford CFO John Lawler also said that Ford incentives will likely ramp up through the second-half of 2022 while speaking at the recent 2022 Deutsche Bank Global Auto Industry Conference.

“Yeah. It’s going to remain dynamic. But as volumes come back, we do expect there is going to be some incentive increase,” Lawler said. “And we have that built into our plan as we go through the second half of the year. So you’re still going to have that – as volumes grow, you’re still going to have some incentive level changes and we fully expect that to happen as we move forward.”

 

[Saltydog]

I'd say practically none. There is a gulf of difference size wise in these vehicles. They may be 3 rows, but 3rd row is really only good for kids and short distances. When you sit in a T1 3rd row, as an adult you are fully comfortable and could go all day if necessary. I had one of these other choices before this and there was nothing really out there to compare, especially if you wanted the Dmax and all the benefits it offered. Mine isn't an XL but it is still vastly roomier than my previous "Notch Down" SUV. An XL could only be even better...My dog 25# actually can ride on the center console of my Yukon. It wasn't 5 " wide on my previous vehicle. (Grand Cherokee).
There aren't many substitutes for this vehicle if you really need the room and the sales figures prove that.... None of the other vehicles will ever come close in unit sales...

I have to agree, our Yukon has really impressed me with the interior configuration and space. With three kids, this SUV is the best by far.

I looked at Expeditions and they are good, but the 3rd row is just not as good as the Yukon.

I have sat in the 3rd row in our Yukon and I fit with our issue. (I am 6'2") No other SUV has that kind of 3rd row comfort. I had a rental 2017 Suburban and was shocked at how awful the 3rd row was, not inhabitable for anybody but small kids.

Our previous SUV was a 2017 Explorer, a great vehicle but we wanted more room and so far our MPG has been about the same in the Yukon. So as much as it hurts to fill up right now, it would be the same situation in the Explorer so I feel like I hit the jackpot with this Yukon.

 

[blahblahblah]

So this past weekend, we had a little 300 mile trip planned and had 3/4 of a tank. Filled it up with Wawa (convenience chain in the northeast) 91 octane. I got 17 MPGs on the way out. Pretty horrible since we went on a 1700 mile road trip and I average above 20. Decided to fill up with Exxon 93, and the Yukon was much happier. Instantly the on board computer read we were at 21 MPG at 75 MPH. Maybe it was a bad batch of gas or something else. Any other thoughts on that?

 

[OR VietVet]

So this past weekend, we had a little 300 mile trip planned and had 3/4 of a tank. Filled it up with Wawa (convenience chain in the northeast) 91 octane. I got 17 MPGs on the way out. Pretty horrible since we went on a 1700 mile road trip and I average above 20. Decided to fill up with Exxon 93, and the Yukon was much happier. Instantly the on board computer read we were at 21 MPG at 75 MPH. Maybe it was a bad batch of gas or something else. Any other thoughts on that?

I stick with top tier fuel, Chevron, and run a mix of mid grade Plus and the Premium. Recent trip in my 2005 Tahoe 800 miles round trip and fully loaded inside on way back, up and down numerous passes of 6% grade, accel hard up passes to maintain speed and averaged just a hair over 70 mph the whole way and did the 403 miles back when loaded at 14.6 mpg average. That was in over 100 degree weather and a/c on all day. When on flat ground and tired of following cars in left lane, if I saw an opening on the right lane, I nailed it and went around. I don't like to pass on the right but the damn Ca. drivers in Oregon like to stay in that left lane and not yield to faster traffic. What really chapped my hide was anyone going up the passes and in left lane and next to a truck or trailer in right lane, would barely creep by and were afraid to get on down the road and by the bigger rig. Idiots!