Ford has huge inventory of Mach E

[superdave80]

And the hybrids must meet a fuel efficiency of 50 MPG.

It's 50 miles of electric only range, which is pretty much just putting in a large enough battery in the plug-in hybrid. It won't take any new technology to hit this mark.

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[devmach-e]

The details of the Order. Plug-in hybrids can only be 20% of the manufacturer's total ZEV sales. And the hybrids must meet a fuel efficiency of 50 MPG. Currently no hybrids on the market hit that number. Do you think a manufacturer is going to invest in hybrid/ICE technology to gain and additional 10 MPG for only a 20% solution? Especially when the risk is 40% of US states may fully adopt California's ICEV ban.

While nothing currently meets the future standards that apply in 2035, I think that 11 years is a long time for a manufacturer to figure out how to meet the criteria set forth for PHEVs. That's 2 full development cycles. In just 11 years, the Plug-in Prius has gone from all of 11 miles of AER to 44. As to hitting 50 MPG, there are a ton of hybrid cars, with or without a plug, that can already hit that target, and have for over a decade.

 

[nvabill]

Just heard some interesting statistics about days new vehicles spend on the dealer lots these days.

Vehicles in general on lot 80-85 days
EV's in general on lot 119 days (does not include Tesla or Rivian)
Ford Lightning on lot 111 days

Mach E & Kia EV6 have the highest of any on lot average of 125-135 days.

OUCH!!!

 

[voxel]

Just heard some interesting statistics about days new vehicles spend on the dealer lots these days.

Vehicles in general on lot 80-85 days
EV's in general on lot 119 days (does not include Tesla or Rivian)
Ford Lightning on lot 111 days

Mach E & Kia EV6 have the highest of any on lot average of 125-135 days.

OUCH!!!

https://caredge.com/guides/ev-inventory-update-most-and-least

https://www.coxautoinc.com/market-insights/new-vehicle-inventory-december-2023/

I've always said, Stellantis is the carmaker in the worst condition since late 2022 and it's only gotten worse for them.

 

[nvabill]

https://caredge.com/guides/ev-inventory-update-most-and-least

https://www.coxautoinc.com/market-insights/new-vehicle-inventory-december-2023/

I've always said, Stellantis is the carmaker in the worst condition since late 2022 and it's only gotten worse for them.

Not seeing the Mach E on the top graphic.

 

[kdonnel]

Not seeing the Mach E on the top graphic.

The graphic posted was for the EV with the lowest supply.

Here is the graphic for the largest supply.

204 days worth, 24,874 sitting on lots. With that many and only 204 days it seems like it the MME is selling much better than the F-150 Lightning which has 182 days worth with 8,913.

 

[voxel]

Not seeing the Mach E on the top graphic.

Let me find some other charts. Those are the fastest selling EVs (non Tesla, Rivian, Polestar) and the slowest selling ones aren't listed

Yes, Mach-E, EQS, Lightining, EV6, etc. are slow sellers. The used versions sit on lots for months. It explains why the EV6 and Polestar 2 have the worst depreciation of all EVs.

 

[nvabill]

The graphic posted was for the EV with the lowest supply.

Here is the graphic for the largest supply.

204 days worth, 24,874 sitting on lots. With that many and only 204 days it seems like it the MME is selling much better than the F-150 Lightning which has 182 days worth with 8,913.

Wednesday, August 28, 2024 - this is 204 days from now, when the last Mach E on the lot will be sold.

 

[kdonnel]

Wednesday, August 28, 2024 - this is 204 days from now, when the last Mach E on the lot will be sold.

Unless sales pickup or slow down.

 

[kdonnel]

As someone who is looking to buy another car in a couple months, I am hoping that more and more cars pile up on the dealer lots so I can get a better deal.

 

[nvabill]

Unless sales pickup or slow down.

Yes, I should not have made it sound like an absolute, just putting it down shows how dire it is for Ford right now. But, as you say it could be better or worse.

 

[voxel]

Unless sales pickup or slow down.

Which happened with the Lightning. Almost outsold the Broncos in Q4 due to price cuts and incentives.

MB and Audi had too many EQSes and e-trons in 2023 and started throwing $20K incentives to move then and they did.

Lexus is offering $15K off on RZ leases and dealers are offering $5K off MSRP too. Dealers don't want cars sitting on lots for 140+ days.

 

[jdeve]

A caredge search now shows 21,109 MY 23 Mach e's which is about the same as I said 2 weeks ago. It actually went up slightly for a few days (not sure why). And still about a third of those are the older higher priced MSRP job 1's. Maybe Ford is still holding back MY 23's that haven't shipped.

Curiously I have heard Ford reporting the number around 17,000. I wonder if that is the number they have to sell and are on dealer lots with Ford's floor plan. The dealers not on Ford's floor plan may be in a more precarious situation and have the other 4000 (which Ford is counting as sold). Not really sure how that works so just speculation.

I believe the caredge search showing 21,000 is close. I have now clicked the link now on hundreds of caredge links to dealer websites and almost always the car is there.

Caredge search shows 23,200 MY 23 and 24's combined.

 

[nvabill]

A caredge search now shows 21,109 MY 23 Mach e's which is about the same as I said 2 weeks ago. It actually went up slightly for a few days (not sure why). And still about a third of those are the older higher priced MSRP job 1's. Maybe Ford is still holding back MY 23's that haven't shipped.

Curiously I have heard Ford reporting the number around 17,000. I wonder if that is the number they have to sell and are on dealer lots with Ford's floor plan. The dealers not on Ford's floor plan may be in a more precarious situation and have the other 4000 (which Ford is counting as sold). Not really sure how that works so just speculation.

I believe the caredge search showing 21,000 is close. I have now clicked the link now on hundreds of caredge links to dealer websites and almost always the car is there.

Caredge search shows 23,200 MY 23 and 24's combined.

Man, that is crazy! I am starting to worry about Ford’s bottom line, who wants a ‘23 in now the second month of 2024.

 

[MightyMike]

Any thoughts for the difference between an ICE vs BEV sitting on a lot for a long time? If an ICE car sits for 200 days, it really isn't that big of a deal. Maybe some rust build up on the brakes, but other than that, it is as good as new.

But a BEV ages as a combination of time/charge level/# of recharges. I wonder if dealers are storing the cars with 50% charge like they are supposed to, or if they are storing with a higher state of charge for long periods of time.

I think that in the future (unless battery technology changes), used car value is going to be a function of Battery health, not just # of miles. And at some point a new car that sits is going to start looking like a used car.

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