MoneyDon't Waste Your Money


DWYM: Where are all the pickup trucks for sale?

DWYM: Where are all the pickup trucks
Posted at 2:03 PM, May 11, 2021
and last updated 2021-05-11 15:03:51-04

Pickup trucks are the hottest selling vehicles in America.

But this month, thousands are being held back from dealers because of a parts shortage.

Consumer reporter John Matarese looks into how this is starting to impact buyers, so you don't waste your money.

So, where are all the new trucks?

That's what a growing number of shoppers are asking after visiting dealerships with fewer and fewer pickups on their lots.

This is what a car dealership normally looks like, stock full of their hottest selling vehicles, pickup trucks.

But as the Wall Street Journal reported, many dealerships now appear with empty spaces where those trucks should be parked.

Instead, Ford is now parking thousands of brand new F-150 pickups at the Kentucky Speedway, as well as in lots in Detroit awaiting computer chips.

Consumers Pat and Mike Roeder first spotted them.

"We had seen the trucks coming in last week, and all of a sudden the whole parking lot was full," Roeder said.

The chip shortage is wreaking havoc with what should be a great year for car sales: popular pickups and SUV's are running short as manufacturers struggle to get parts.

The car dealer's association’s advice?

"If you see one and you think you want it, you should grab it, because it may be gone," they say.

And from the doesn't that stink file, why you shouldn't have traded in that old pickup.

The automobile website The Drive says vintage Ford and Chevy pickups from the 70's and 80's that used to sell for $5,000 now are selling for $50,000 or more.

So if you got rid of an old pickup a couple of years ago, you might say that stinks.

The hottest classic car right now is also the hottest new car: pickup trucks.

And they are selling as soon as they hit the lot.

So move fast so you don't waste your money.