Pre-owned Mach-e sales

[SignMD]

From a recent AutoBlog article from Aug 29th... This isn't good news.

On the used car side of the house, the 10 slowest-selling vehicles are:
Buick Enclave: 64.3 days
Chrysler 300: 64.7
Chevrolet Blazer: 65.9
Land Rover Range Rover: 68.4
Tesla Model X: 71.4
Cadillac XT4: 71.9
Land Rover Discovery Sport: 73.6
Ford Mustang Mach-E: 75.8
Buick Envision: 82.3
Tesla Model S: 88.3

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[ericNdfw]

Link to article?

 

[SignMD]

https://www.autoblog.com/2023/08/29...-selling-new-and-used-vehicles-on-the-market/

 

[glenthompson]

It's just like I say about downturns in the stock market - It's not a loss until you sell it. I have no intentions of selling my MME anytime soon so it doesn't affect me. High interest rates make car sales go down.

 

[4sallypat]

It's just like I say about downturns in the stock market - It's not a loss until you sell it. I have no intentions of selling my MME anytime soon so it doesn't affect me. High interest rates make car sales go down.

Agree 100%.

Not selling my new '23 for awhile.

Ups and downs common - especially as it relates to fuel prices and interest rates.

I got lucky I traded in my '22 Lightning EV truck for more than I paid for when gas prices were $6/gallon.

Dealer resold my trade in Lightning in 4 days after washing it and putting it up for sale.

 

[glenthompson]

Dealer resold my trade in Lightning in 4 days after washing it and putting it up for sale.

When I got my MME last Thanksgiving I traded in a Prius Prime. Took the dealer about 2 months to sell it and it was in pretty good shape for a 5 year old car.

 

[Teslaeata]

It's just like I say about downturns in the stock market - It's not a loss until you sell it. I have no intentions of selling my MME anytime soon so it doesn't affect me. High interest rates make car sales go down.

Absolutely! I paid cash, drive and use it hard, earns me about £45/hour driving so owes me nothing if I give it away like I did my 4yo Outlander. Suppose not everybody has the same business model?

 

[ChehRob]

The impact of longer on the lot used cars, is that the price will go down. Should there be a significant drop in the cars I am or could be interested in, I will have to take a look. This in turn will have an impact on new car sales.

 

[Old_Norm]

CarMax Live Oak, TX.

2021 FordMustang Mach-E GT
$57,998*2K mi

Columbus, OH
New 2023Ford Mustang Mach-E GT
Stock:
VIN: 3FMTK4SE6PMA62223
$63,000

 

[nvabill]

From a recent AutoBlog article from Aug 29th... This isn't good news.

On the used car side of the house, the 10 slowest-selling vehicles are:
Buick Enclave: 64.3 days
Chrysler 300: 64.7
Chevrolet Blazer: 65.9
Land Rover Range Rover: 68.4
Tesla Model X: 71.4
Cadillac XT4: 71.9
Land Rover Discovery Sport: 73.6
Ford Mustang Mach-E: 75.8
Buick Envision: 82.3
Tesla Model S: 88.3

Why, do you plan on selling yours?

 

[nvabill]

CarMax Live Oak, TX.

2021 FordMustang Mach-E GT
$57,998*2K mi

Columbus, OH
New 2023Ford Mustang Mach-E GT
Stock:
VIN: 3FMTK4SE6PMA62223
$63,000

Anybody who pays Carmax that much needs to have their head examined! ?

 

[JDP That's Me in My MachE]

It's just like I say about downturns in the stock market - It's not a loss until you sell it. I have no intentions of selling my MME anytime soon so it doesn't affect me. High interest rates make car sales go down.

Right. Not worried about resale till it’s an issue. And seeing as this is the most fun I have ever had with a car, I’m not selling anytime soon. Awesome vehicle!!

 

[Mach1E]

I think this is the backlash of the used car dealers getting greedy when the new Mach Es had an ADM.

They overpaid us for our used Mach Es.

Then Tesla did $15,000 price drops on new Model 3 and Model Y, which KILLED the used BEV market.

So now the dealers are way upside down.

And this all happened in a matter of a few months.

Same thing happened with the used Model S. New ones got $40-50k cheaper. That and the model is a decade old (long in the tooth).

 

[Billyk24]

Note, I picked up a low mileage Certified Job 1 2021 Premium from the Ford dealership that came with free 250kWh of Electric America charging-thru 12-31-2023s and three years of Blue Cruise. Better yet, with my trade in, I was to do the 100% down and zero monthly payments. Lot easier on my budget than going the new route and needing monthly payments for a time frame.

 

[glenthompson]

I think this is the backlash of the used car dealers getting greedy when the new Mach Es had an ADM.

They overpaid us for our used Mach Es.

Then Tesla did $15,000 price drops on new Model 3 and Model Y, which KILLED the used BEV market.

So now the dealers are way upside down.

And this all happened in a matter of a few months.

Same thing happened with the used Model S. New ones got $40-50k cheaper. That and the model is a decade old (long in the tooth).

Really good analysis.

If Tesla was able to make that much of a price drop, what kind of profit margin did they have on the cars? Having made the same models for years, their R&D costs are probably fully amortized.

While I paid close to MSRP for my MME (did get X plan pricing) with no ADM I’m fine with what I paid.

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