MachE used cars value really tanked this much?

[Vulnox]

I don’t have faith in Ford quality. Thought they had turned the corner with the Mach-e. Nope same ol’ Ford.

Not sure that's entirely fair. Our 2022 has been flawless. The MME was an entirely new model and entirely new driveline. The same ol' Ford line doesn't make much sense when you can pick virtually any manufacturer, including Honda and Toyota, and see big issues with their first model vehicles as well. Wheels falling off their BEV, fuel line leaks in the new Tundra. Same ol' Toyota.

Sponsored

 

[ElectrikPony]

Not sure that's entirely fair. Our 2022 has been flawless. The MME was an entirely new model and entirely new driveline. The same ol' Ford line doesn't make much sense when you can pick virtually any manufacturer, including Honda and Toyota, and see big issues with their first model vehicles as well. Wheels falling off their BEV, fuel line leaks in the new Tundra. Same ol' Toyota.

It’s more than new models. When I think of Ford I don’t think of reliability. Each their own.

 

[Vulnox]

It’s more than new models. When I think of Ford I don’t think of reliability. Each their own.

Gotcha, hopefully you have better luck with your next vehicles. Everyone should feel confident in their vehicle, especially at the prices they ask.

 

[ElectrikPony]

Gotcha, hopefully you have better luck with your next vehicles. Everyone should feel confident in their vehicle, especially at the prices they ask.

I also don’t think EV cars and infrastructure is ready right now. Even in California which has more EVs on the road than any other state.

I’ll be watching to see what happens in the next 5 years. I’m not liking what I’m seeing so far though for infrastructure. The local power company Pg&e has raised the rates for kWh that it costs as much to charge a car as buying gas in a fuel efficient 4 cylinder car.

 

[Vulnox]

I also don’t think EV cars and infrastructure is ready right now. Even in California which has more EVs on the road than any other state.

I’ll be watching to see what happens in the next 5 years. I’m not liking what I’m seeing so far though for infrastructure. The local power company Pg&e has raised the rates for kWh that it costs as much to charge a car as buying gas in a fuel efficient 4 cylinder car.

Gas prices are going up too, and I don't consider a fuel efficient 4 cylinder car to be a worthwhile comparison to something like an MME. If you are looking at that avenue then you would be cross shopping something like a Chevy Bolt or Model 3 SR, low cost and great efficiency for a BEV. While California is obviously huge and important, plenty of CA residents even on this forum that have solar installed that offsets their costs/usage. Nobody on any forum, that I know of, that has their own oil field and refinery in their backyard to do the same.

Way more stability in cost to owning an EV, even if there is temporary price parity to gas vehicles. I, personally, am kind of tired of fuel prices being to the whims of a bunch of money hungry tyrants. At least with an EV I can take charge of my fuel source. I still have an ICE vehicle with my F-150, obviously, but as soon as it's reasonable to drop I am out.

 

[ElectrikPony]

Gas prices are going up too, and I don't consider a fuel efficient 4 cylinder car to be a worthwhile comparison to something like an MME. If you are looking at that avenue then you would be cross shopping something like a Chevy Bolt or Model 3 SR, low cost and great efficiency for a BEV. While California is obviously huge and important, plenty of CA residents even on this forum that have solar installed that offsets their costs/usage. Nobody on any forum, that I know of, that has their own oil field and refinery in their backyard to do the same.

Way more stability in cost to owning an EV, even if there is temporary price parity to gas vehicles. I, personally, am kind of tired of fuel prices being to the whims of a bunch of money hungry tyrants. At least with an EV I can take charge of my fuel source. I still have an ICE vehicle with my F-150, obviously, but as soon as it's reasonable to drop I am out.

We can both agree that having a EV car solely is not yet practical for the average American.

 

[BMT1071]

We can both agree that having a EV car solely is not yet practical for the average American.

That's definitely arguable.

 

[azerik]

So, because I'm mental I thought it a good idea to at least go through the motions on trading mine for a '23 GTPE due to 0% for 60 and a couple discounts. I was suppose to run over to the dealer at 5 yesterday but backed out as life stuff and thinking took hold. I'm not upside down in my MME and it's almost paid off. But I did make the mistake of buying at a peak. I came to the realization that for a new car I'd need them to give me about $50k in trade (not gonna happen) in order for a '23 GTPE to reasonably replace mine. The dealer was fiddling around on the ADM which they claim is "because these are still hot cars". They had $10k on it still, along with a lo-jack and the other dealer BS. None of which they said they'd remove.

For me a '22 GTPE is the perfect fit and a pretty decent price (to buy, not to sell sadly).

 

[ElectrikPony]

Okay folks, I am unsubscribing to this post (and others) as I wind down and head to retirement from Mach-E forums. Look for my other threads, as I will be selling off the accessories that were on my previous mach-e.

 

[kdonnel]

We can both agree that having a EV car solely is not yet practical for the average American.

I don't think that is true at all.

 

[Mach1E]

I don't think that is true at all.

That’s a debate for a different thread. But based on the responses of people on an EV forum that own AT LEAST one EV…….. there is some truth in that statement.

Or at least the 2nd part of the statement.

Seems the “we both can agree part” isn’t true at all.

 

[ericNdfw]

We can both agree that having a EV car solely is not yet practical for the average American.

Define average American

 

[Mach1E]

Define average American

The 93% that don’t own an EV.

Or 35% that rent instead of owning a home.

Or the people with average HH income of $50k or less that couldn’t afford one.

Lots of ways to look at it.

 

[ericNdfw]

The 93% that don’t own an EV.

Or 35% that rent instead of owning a home.

Or the people with average HH income of $50k or less that couldn’t afford one.

Lots of ways to look at it.

My $0.02:

• 93% who don't own an EV
  • This is not a reason, it's simply the current state of the market after 100+ years of automobile ownership.
  • I've also seen surveys that say as many as 71% would consider it.
• 35% w/out owning a home:
  • I assume you are talking about the lack of ability to charge at home. This is a valid point that I agree with and I would be hesitant to own a BEV w/out that capability too.
  • That being said, many renters have at least L1 charging capability and if their commute is less than 50 miles a day they would be fine. I did this with my Chevy Volt in an apartment with garage in 2013. (I had a commute of about 30 miles round trip each which I comfortably was able to drive in all-electric mode.)
  • Also, a non-trivial portion of those renting w/out charging capability are those in urban centers who don't even want to own a car.
• $50k or less average HH income:
  • The average new car, regardless of powertrain, costs $48,334 - this is not just an EV problem.
  • Used EVs are available—with tax credit assistance thanks to the IRA—for most price ranges. A cars.com search of EVs under $10k turns up thousands of listings.
  • The cheaper maintenance and fueling costs of an EV can go a long way on a tight budget.

 

[Mach1E]

My $0.02:

• 93% who don't own an EV
  • This is not a reason, it's simply the current state of the market after 100+ years of automobile ownership.
  • I've also seen surveys that say as many as 71% would consider it.
• 35% w/out owning a home:
  • I assume you are talking about the lack of ability to charge at home. This is a valid point that I agree with and I would be hesitant to own a BEV w/out that capability too.
  • That being said, many renters have at least L1 charging capability and if their commute is less than 50 miles a day they would be fine. I did this with my Chevy Volt in an apartment with garage in 2013. (I had a commute of about 30 miles round trip each which I comfortably was able to drive in all-electric mode.)
  • Also, a non-trivial portion of those renting w/out charging capability are those in urban centers who don't even want to own a car.
• $50k or less average HH income:
  • The average new car, regardless of powertrain, costs $48,334 - this is not just an EV problem.
  • Used EVs are available—with tax credit assistance thanks to the IRA—for most price ranges. A cars.com search of EVs under $10k turns up thousands of listings.
  • The cheaper maintenance and fueling costs of an EV can go a long way on a tight budget.

Valid points. But it was more a question of “practicality.”

For sure things are getting more practical for EVs.

But for now ICE ownership is still much more practical. Everyone can buy, drive, and fuel them anywhere in the country….. and they’re cheaper too!

Sure, in some cases you could argue a “cost of ownership.” But if you can’t afford the initial price or the monthly payment, it doesn’t matter.

Plenty of lower income people driving around in $5k used ICEs.

And remember the important thing about the “average American.” HALF the people are poorer than that!

But if you own a home, have lots of money, live near the city, and don’t drive far, an EV only home can be practical. But that’s not the average situation.

Sponsored