2004 TB Value

Yesterday I went to my local chevrolet dealer to see about getting a newer model. After going through the process, they offered me $12000 for my $33000 truck. That means for every mile I driven I have lost $.44. Not much value in that. A $21000 loss in two years.
I did not trade in my TB. Chevrolet, GM says they want to sell cars, but insults return customers with such offers. They need to figure out how to add value to their products if they want return sales. I feel like I have been robbed.

Darrell, I think you'll find the same exact scenario with any domestic vehicle (aside from maybe rare or hi perf). They've had poor resale for as long as I remember. I get around it by never buying a new domestic. IMO, it's money out the window. Hondas, yotas, etc.. are so rediculously priced used, that you are crazy not to buy new! They hold the bag with their 'perceived' quality. They are great vehicles, but again, I'd never pony up the bucks for one. They rust away just as quick in the rust belt and tend to be more troublesome and pricey when they need fixing.

Joel

I think you should be happy with your trade in value. KBB says 10000 for your vehicle in excellent condition.
The reason for the low resale value isn't the quality of the vehicle, its the fact that the market is saturated with these vehicles because of all the incentives and other deals that made these vehicles sell in the first place.
The lease vehicles are coming back in around now and the used car market has too many TB in it's inventory....this lowers the value.

I understand the supply and demand story. There are far to many vehicles on the roads and in the lots, new and used. What angers me is that the auto makers could increase the value of their products if they wanted to. We just have become complacent and have allowed them to get away with ripping us off.

Is this retail or trade in value that you are talking about?

I understand the supply and demand story. There are far to many vehicles on the roads and in the lots, new and used. What angers me is that the auto makers could increase the value of their products if they wanted to...

Once GM, Ford, etc, get production scaled way back, you'll see used vehicle value go up. Wont be long now with the mass exodus of employess and plant closures going on. :uhoh: That's a big part of how yota and honduh do it. They pump out probably 1/3 of the vehicles GM and Ford do.

Joel