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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: tntpal who wrote (23811)	4/3/2025 10:44:27 AM
From: robert b furman	1 Recommendation Recommended By toccodolce Read Replies (2) \| Respond to of 26450

Hi TNT, I have a 25% interest in a Chrysler Dodge Jeep Ram dealership in Cleveland TX. Stellantis is going thru the recovery of a horrible CEO Tevares, who was fired. Stellantis has just announced the shuttering of the Ram plant in Mexico today. They build the 3/4 and 1 ton down there. If you need a work truck for HD towing, the Ram is a workhorse. I suspect they will bring it back to the US. I know they have said they will reopen an idled plant in Belleville Illinois. I have a 2012 Chevrolet Truck that has 125,000 miles on it. I drive it for my winter rust bucket as I bought it used in Wisconsin. I have a 2006 3/4 ton from TX that I tow my car traler with. It never sees the winter salt. I've been wanting to buy a new truck, but like you, I can't justify the 80,000, plus a very expensive insurance bill. Those two tucks I keep up on maintenance and fix whatever quits working. I figure the insurance saves me $1000.00 a year. The depreciation on an 80,000 truck has to be a kick in the butt for 5000 a year at least. I can just spend 2000 a year and keep them nice. I do work the trucks so they are always in good shape. One possible event would be if the higher interest rates are creating repos, they'll show up at the auctions. I'll buy a replacement for my 2012 with 125,000 miles if and when it happens. I still believe the big three will get carveouts if built in the USA. With tariffs and lower income taxes GM,FORD and Stellantis can all accelerate on shoring with an idle plant. It could well boost Michigans empty plants and worl force with experience in auto assembly. One thing for sure, when new vehicles go up in price, the used car prices follow. When new car get big rebates, the used car value drops. Bob