Higher used Mach-E prices are the "New Normal"

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garb

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I saw this in an EV market report that came out today:

"Ford Mustang Mach-E is the next highest model in inventory, after Teslas, making up 13% of 2021 stock. The Mustang was only released in 2021, at a starting MSRP of $43,895. When you factor in the available $7,500 tax credit, this brings the potential up-front cost down to $36,395. However, the Mach-E had overwhelming demand, so much so that many dealerships were adding high market adjustments when reservation holders came to pick up their cars. The average used price for a Mach-E today is $59,000, meaning that an owner could see a tidy profit selling their like-new used car."

I didn't see Mach-E broken out, but there are some other charts on pricing trends.

Ford Mustang Mach-E Higher used Mach-E prices are the "New Normal" 1649280502752
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SWO

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Chuck

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SWO said:
Interesting and I would agree I could make a profit selling my EV right now.
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But then you'd be an evil, unethical person just like the dealers who do this. :p
 
RedStallion

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garb said:
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I wouldn't mind paying a higher price to Ford, but no way I'm paying a markup to a sleazy dealership. Ford needs to solve their dealership problem or risk losing sales to the competitors that don't force their customers to deal with those people. It's not just money, the experience also matters.
 


jeffdawgfan

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I would walk away from any deal over MSRP. If everyone would do this then they would quit trying to do it. They are charging Markups only because people are willing to pay it. A item is only worth what someone is willing to pay for it.
 

minjaep

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I wonder if I buy a car for $50k and then sell it for $50k, then do I owe tax for this profit of $7500 coming from the federal credit?
 
RickMachE

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minjaep said:
I wonder if I buy a car for $50k and then sell it for $50k, then do I owe tax for this profit of $7500 coming from the federal credit?
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No.

A federal tax credit has zero to do with profit and loss.
 
RickMachE

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Carvana has 6 Mach-E Premiums near me, all Sale In Progress. Getting $59,000 should be doable.
 

minjaep

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So if I had a huge income (e.g. selling a house) this year, I could've bought 10 cars and then sell right away to reduce the tax by $75k :)
 

Husky44

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RedStallion said:
I wouldn't mind paying a higher price to Ford, but no way I'm paying a markup to a sleazy dealership. Ford needs to solve their dealership problem or risk losing sales to the competitors that don't force their customers to deal with those people. It's not just money, the experience also matters.
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I'd encourage you to learn more about the relationship between manufacturers and dealers, much of which is, written into law. Ford has been pretty transparent in their desire to transform the purchase process and, the way dealers work, but dealers hold a LOT of power, particularly at the state level, and have overseen implementation of some pretty restrictive laws that protect dealers and constrain manufacturers' ability to change things.
 
GoGoGadgetMachE

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generaltso said:
Not if you bought them with that intent.
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Correct, and I have to believe that claiming 10 EV credits would trigger some IRS flags.

I took the comment to be a joke though. ?
 
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