REO missed one important point: monster trucks are about vice signaling and political identity. Most people that own monster trucks know they don’t need them for truck-like things, they need them to identify with their chosen group. There are also a lot of people who own them who think they will need them (like monster SUVs) and overbuy because literally bigger is better in their minds. REO is right in that there is no bottom market and I’m sure folks want a normal pickup, but I don’t think the market for small pickups is big enough when identity and politics (and existing policy) drive decision making at scale.