If you have a Ram 1500 Pickup truck, you likely love it. It’s one of the best-selling trucks out there, and the 2021 Ram 1500 pickup truck is Consumer Reports’ number one rated truck. Maybe you’re ready to upgrade your truck, or maybe you’re just ready for something new. Either way, if you’ve been thinking about selling your Ram 1500 pickup, now is the perfect time. With a global chip crisis and supply chain disruptions, used Ram 1500 pickup trucks are going for top dollar.
Is 2021 a good time to buy a truck?
2021 is a crazy year, for the obvious reasons as well as the less obvious ones. Perhaps most surprising for the average car shopper is how much the price for vehicles has increased over the last year or so. The ongoing pandemic has resulted in supply chain disruptions and delays, and a global shortage of the computer chips necessary to make new cars has driven up the price of both new and used vehicles.
In June of 2021, the average price of a used car was 32.7% higher than the year before. That’s an incredible amount. If you’re in the position of having to buy a new-to-you vehicle, it is unwelcome news. Yet if you’re thinking about selling your vehicle, and the new one you have your eye on is a reasonable price, you could be in luck. This is especially true if you own a Ram 1500 pickup truck.
What is a used Ram 1500 pickup worth?
If you sell your Ram 1500 pickup truck right now, the average price that you’d get for it is $40,200. Of course, many factors come into play when calculating how much your particular truck is worth, like age, mileage, and condition. Yet this price is still very high compared to the average price of a used Ram 1500 pickup truck in June 2020. In fact, it’s 42.6% higher. That means that if you’d sold your Ram truck in June of 2020, you’d have gotten $28,184 for it. If you sold it in June of 2021, you’d get $40,200.
When you take into consideration that a brand new 2022 Ram 1500 pickup truck starts at just $33,975, you can see how selling your truck now just might not be a bad idea. Add to it its Consumer Reports ratings, and people will likely be clamoring to buy it.
Should I sell my Ram 1500 pickup truck?
Of course, the real-life math isn’t quite as simple as looking at the average price of a used truck and comparing it to the cost of a new truck. There are so many factors to think about. As mentioned above, your Ram truck may be worth more or less than the average Ram truck. If you’re serious about selling your truck, you should get some estimates about what your truck is worth.
You should also look at the actual prices of trucks available in your area. Make sure you’re thinking of everything – the cost of the truck, the options that you want, and all the dealer fees, destination fees, and taxes that come with it.
Although it may feel like the world is upside down right now, there’s still the possibility to find a silver lining in all of this. If you’ve been thinking about buying a new truck and you have a used Ram 1500 pickup to sell, this could be the perfect time for you to make your pickup truck dreams come true.