nvabill
Well-Known Member
- First Name
- Bill
- Joined
- Jan 11, 2021
- Threads
- 57
- Messages
- 2,375
- Reaction score
- 1,907
- Location
- Virginia Beach, Va.
- Vehicles
- F-150, '22 California Route 1
- Thread starter
- #1
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“Many people assumed the recent spike in gas prices would mean a resurgence in EV demand, but hybrids have proven to be the real benefactor of rising fuel costs,” said iSeeCars Executive Analyst Karl Brauer. “Hybrids are selling faster, retaining more value, and growing their market share faster than electric vehicles, though Tesla’s EVs are also doing quite well.”
Ford re-priced the Mach-E in February 2024 including all cars in dealer inventory, reducing the MSRP by $8-12K depending on trim.Also, didn't Ford drop the price of the Mach E over the years?
I looked at used ones in my area of So Cal and found them too hight priced or to many miles. Bought new 2025 with warranty and 9% financing. Yes I paid more than used but got a new vehicle and not white, black or gray. Oh and no glass roof as I live in the desert.In our area Carvana is sold out, last 2024 sold higher than my existing residual and it has more miles
I paid too much for my car when you compare to what it would cost to buy today. That means there is a larger market adjustment between the MSRP and current value. A lot of BEVs suffer from the same issue to do that wave of ridiculous ADM we went through a few years ago. Value seems to have stabilized some (I track it monthly because I maintain a personal balance sheet). My Mach-E is a tool and a depreciating asset, not an investment.
I only track its value because it is not worth $0.00 and there is a corresponding liability on my balance sheet (my auto loan). I plan on keeping the vehicle until it is no longer usable so being under water on it, though certainly not ideal, does not affect me materially.
9% Ouch!I looked at used ones in my area of So Cal and found them too hight priced or to many miles. Bought new 2025 with warranty and 9% financing. Yes I paid more than used but got a new vehicle and not white, black or gray. Oh and no glass roof as I live in the desert.
Error 0% financing9% Ouch!
That is the month I bought my 2023, which was 9 months old by then. Like Gus-E, I'm upside-down on the loan (0% interest) but I don't care either. I'm glad EVs are regaining some lost ground.Ford re-priced the Mach-E in February 2024 including all cars in dealer inventory, reducing the MSRP by $8-12K depending on trim.