2015 / 2019 / 2024 F150 pricing levels . . .

[Ruckus]

While going through some old paperwork I pulled 3 window stickers from my last three trucks. All were Lariat trim / 502a, almost all options were virtually the same. Just thought you all would be interested l:

2015 - MSRP $55.5k

2019 - MSRP $61.8k

2024 - MSRP $75k

As everyone had suspected the most recent years has the highest increases, this IMO can’t continue at this rate.

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[Bigguy214]

I don’t think they will go up at the rate between 19 and 24 did.You figure Covid happened and then everyone’s wages went way up and so did the cost of everything.I think there will be just slight price increases for awhile unless something else happens.

 

[JayceeP]

36% over 9 years doesn’t seem insane though much of it is back-end loaded.
My house went up about 70% in value in that same time… and that accounts for the pull back since the peak of Covid.

 

[Tall Tail]

Better start caring about the National Debt and the inflation that it is causing.

 

[Reverberocket]

Debt? What debt?

 

[JayceeP]

Better start caring about the National Debt and the inflation that it is causing.

I think the US is or will be achieving its goal of inflating away the national debt. Powell once said “there is no limit to what we can do.”

Also US GDP still seems to be pulling away from China.

 

[EL5_Zero]

Let's go a little further back. My 2007 F150 Lariat 4x4 with all the bells and whistles from it's time came in at $44K MSRP.

Now the real question is, are we really getting our money's worth based on today's cost? I highly doubt it.

 

[Polo08816]

We should go back to the gold standard.

Also, how is the Fed supposed to achieve a long run inflation rate of 2% if they give themselves a 'bye' every time they turn on the money printer? For the long run inflation rate to average 2%, periods of higher inflation need to be balanced with periods of lower inflation. Hypothetically, if the rate of inflation was 8% in 2022, wouldn't that mean the Fed would need to target inflation in the 0-1% range for a LONG time for the long run rate of inflation to be 2%?

 

[JayceeP]

We should go back to the gold standard.

Also, how is the Fed supposed to achieve a long run inflation rate of 2% if they give themselves a 'bye' every time they turn on the money printer? For the long run inflation rate to average 2%, periods of higher inflation need to be balanced with periods of lower inflation. Hypothetically, if the rate of inflation was 8% in 2022, wouldn't that mean the Fed would need to target inflation in the 0-1% range for a LONG time for the long run rate of inflation to be 2%?

On the other hand, between 2010 and 2020, 7 out of 10 years inflation was sub 2%, 5 of 10 were 1.5% or less and a few were sub 1%.

The US was trying to print inflation for years post 2007 financial crash and finally Covid was the catalyst to do it. In some ways we’ve only played catch up.

 

[Polo08816]

On the other hand, between 2010 and 2020, 7 out of 10 years inflation was sub 2%, 5 of 10 were 1.5% or less and a few were sub 1%.

The US was trying to print inflation for years post 2007 financial crash and finally Covid was the catalyst to do it. In some ways we’ve only played catch up.

... that's assuming one believes the government inflation numbers OR whether one believes that true inflation is probably 2-3x what the government reports.

 

[starcommtrey1]

While going through some old paperwork I pulled 3 window stickers from my last three trucks. All were Lariat trim / 502a, almost all options were virtually the same. Just thought you all would be interested l:

2015 - MSRP $55.5k

2019 - MSRP $61.8k

2024 - MSRP $75k

As everyone had suspected the most recent years has the highest increases, this IMO can’t continue at this rate.

My Lariat Supercab 06 was 27k

 

[dochawk]

We should go back to the gold standard.

That's not the inflation-beater it is commonly perceived to be.

There were a couple of brutal rounds of inflation on the gold standard--discovery of new sources, or (these days) new technologies, is brutal.

Worse, the standard could be *deflationary*: The economy didn't used to expand at the rates it does today; expansion of the economy was largely by population growth prior to the Industrial Revolution.

If the economy grows at a faster rate than the money supply, deflation results. And while deflation might sound nice when you look at the pile of cash you have now, it also applies to your future wages--assuming that you still have them after production slows, as it makes more sense to hold cash then to spend it on production of things that will sell for less than goes in.

The Bundesbank, after the hyperinflation of the failing Weimar Republic, fought inflation at *all* costs (quite understandably!). Whereas the US instead fights deflation as the absolute top priority (but not as exclusively), as it has been deflation that has wiped out agriculture in our history.

Hypothetically, if the rate of inflation was 8% in 2022, wouldn't that mean the Fed would need to target inflation in the 0-1% range for a LONG time for the long run rate of inflation to be 2%?

No, because that's not how we do it. That's what the math would call for, *if* we were to target the cumulative average--but we don't.

It would be counterproductive to accept deflation to undo inflation. So we just try to get it down to the target level.

And, yes, I am an economics professor

 

[Polo08816]

That's not the inflation-beater it is commonly perceived to be.

There were a couple of brutal rounds of inflation on the gold standard--discovery of new sources, or (these days) new technologies, is brutal.

Worse, the standard could be *deflationary*: The economy didn't used to expand at the rates it does today; expansion of the economy was largely by population growth prior to the Industrial Revolution.

If the economy grows at a faster rate than the money supply, deflation results. And while deflation might sound nice when you look at the pile of cash you have now, it also applies to your future wages--assuming that you still have them after production slows, as it makes more sense to hold cash then to spend it on production of things that will sell for less than goes in.

The Bundesbank, after the hyperinflation of the failing Weimar Republic, fought inflation at *all* costs (quite understandably!). Whereas the US instead fights deflation as the absolute top priority (but not as exclusively), as it has been deflation that has wiped out agriculture in our history.





No, because that's not how we do it. That's what the math would call for, *if* we were to target the cumulative average--but we don't.

It would be counterproductive to accept deflation to undo inflation. So we just try to get it down to the target level.

And, yes, I am an economics professor

I just want to see chaos man.

 

[dochawk]

I just want to see chaos man.

In that case . . . it's tough to top the Weimar Republic collapse.

They couldn't print fast enough to keep up with inflation, and had to resort to "overstriking"--printing three more zeroes onto existing bills!

I've encountered reports that workers were paid twice a day, with their wives arriving with wheelbarrows, rushing to spend it all before it lost more value.

By the end, there were, iirc, twenty-seven zeroes lopped off the value of a mark.

A feat unmatched until the Yugoslavian hyperinflation, which beat them two years ago.

And, believe it or not, Yugoslavia's ended when they adopted, of all things, the German mark as legal tender. Ironic in the actual sense of the word, not the "I'm a clueless millennial" usage.

Chaotic enough for your tastes?

?

 

[wessermgm]

I just want to see chaos man.

Go to my middle schooler's lunch period. You can find it pretty easy.

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