Used Mach E pricing dropped (Carvana)

[Kamuelaflyer]

They have overpaid for inventory and can’t sell it.

They absolutely can sell used mme’s. They just can’t sell them at inflated, above market prices. Lower tte price and they’ll sell.

What the dealer was telling you was, “We don’t want to sell these cars at market value.” Pricing is a two way street, they don’t get to charge extra during times with tight supply and high demand, then turn around and do the same when demand falls and prices tank.

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[new to mach-e]

I think I got lucky:

ordered my '22 select RWD ($45K sticker) back in march '22, took delivery mid august, liked it so much that I placed an order for a '23 select AWD ($51K sticker) that same month. My plan was always to trade it in, got a build date of 12/19 for the '23.
Early november I was getting nervous about the declining used car market so decided to sell the '22 and wait for my '23 to arrive January '23. Sold in november the '22 to carvana for $49K with 4K miles, so glad I did not wait until now.. At this point, as much as I want the '23 select AWD, I don't see it as being a good value proposition so I am going to hold off for now...unless the dealer is willing to sell below sticker once my '23 arrives

 

[Southern92]

I sold my 2022 GTPE (Sticker MSRP $73,205) to Carvana for $71,000 back in Sep 2022. It was only 3 months old at the time & I sold more because I didn't like the way Ford was responding to the HVB issue than some foresight on used car prices. But I do remember that the dealers I spoke to at the time told me to take the Carvana offer because they were seeing / forecasting weakness in the used car market.
Who knows, if prices drop enough I might be able to re-buy a similar EV!

 

[Socalsp3]

I’ve been looking at trading in my MME for a Bronco (Ford Off-Roadeo event has turned me into a fanboy) and Ford dealers are telling me they are struggling to sell used MMEs. They have overpaid for inventory and can’t sell it.

I had a deal to buy a used Bronco from a private party brokered through my local Ford dealer but they balked at buying my MME at the very last minute.

try carmax. they still are giving reasonable offers for mme

 

[Bayviews88]

Vroom and Driveway are falling like rocks too. Somehow, CarMax in Portland just bought my 2021 premium with 8,000 miles for $47,000. We have minimal sales and registration tax, so it was only $53,000 out the door when I bought it. I don’t know how they expect to sell it at a profit considering their overhead.

Looks like you will break even if you qualify and include the Fed tax credit. What are you driving now? Did you move to a different EV?

 

[Auto Motive]

I am getting emails every other day from carvana that the Mach E I checked before dropped in price.
This time they dropped by 5k.

Whats going on

Emails they send over titles!

 

[Cm12]

Looks like you will break even if you qualify and include the Fed tax credit. What are you driving now? Did you move to a different EV?

My Rivian preorder (under the old pricing) is in transit, and I can’t keep both. I’m really gonna miss the Mustang. To date, it’s unquestionably the best car I’ve ever driven, despite the small - but extremely frustrating - issues that it had. I’m driving an ICE rental right now because it was a better financial choice at $200 per week for 1-3 weeks versus losing $2,000+ on resale and, wow, it SUCKS driving a regular car again.

 

[voxel]

My Rivian preorder (under the old pricing) is in transit, and I can’t keep both. I’m really gonna miss the Mustang. To date, it’s unquestionably the best car I’ve ever driven, despite the small - but extremely frustrating - issues that it had. I’m driving an ICE rental right now because it was a better financial choice at $200 per week for 1-3 weeks versus losing $2,000+ on resale and, wow, it SUCKS driving a regular car again.

The whole EV vs. ICE comparison is only fair in the same price range. A Nissan Altima would not compare favorable to a Mach-E.

I would take BMW M3 over a Mach-E in a heartbeat. There are $60K SUVs too I would take over a Mach-E. With 2021/2022 pricing and tax credit, the Mach-E was hard to beat though.

 

[nvabill]

 

[nvabill]

 

[kgautam28]

They absolutely can sell used mme’s. They just can’t sell them at inflated, above market prices. Lower tte price and they’ll sell.

What the dealer was telling you was, “We don’t want to sell these cars at market value.” Pricing is a two way street, they don’t get to charge extra during times with tight supply and high demand, then turn around and do the same when demand falls and prices tank.

Look at this joke

https://www.landroverseattle.com/auto/preowned-2021-ford-mustangmach-e-premium-lynnwood-wa/70942922/

 

[kgautam28]

I am getting emails every other day from carvana that the Mach E I checked before dropped in price.
This time they dropped by 5k.

Whats going on

https://www.landroverseattle.com/auto/preowned-2021-ford-mustangmach-e-premium-lynnwood-wa/70942922/

 

[clhardy5]

I got lucky.....Bought my 21 premium AWD/EXT in Oct 21....and I had an order for 21 (converted to 22 GTPE).....took delivery of the GTPE in April 22....and in August, decided to sell the premium (didn't need two Mach E's). I bought the premium at a MSRP of 57,800......I think about $60,000ish after fees and taxes. - and yes....I got the tax incentive - including Colorado's rebate.....basically had about $50.000 invested in the car. Anyway....sold it to Driveway in the fall of 22 for $61,800. That was a hard day. I really did love that car. Fast forward.... Driveway subsequently sold the car to a dealer in Las Vegas......It has been sitting on their lot since. (yes....I stalk it). Originally the LV dealer listed it at $61,000....and have dropped it a few times since. After yesterday's Tesla announcement.....they lowered the price to $52,000ish, Somebody is going to lose a lot of money on that car. I still love it....it was a great car....and my husband and I joked tonight about buying it back..... Anyway....just a reflection of how the market is moving.

 

[Johnny572]

Carvana is going bankrupt. Driveway offered me 10 thousand more for my car yesterday. 10 thousand!!!!
Sell it yourself and stop looking at Carvana they are done!

 

[Nemy]

I got lucky.....Bought my 21 premium AWD/EXT in Oct 21....and I had an order for 21 (converted to 22 GTPE).....took delivery of the GTPE in April 22....and in August, decided to sell the premium (didn't need two Mach E's). I bought the premium at a MSRP of 57,800......I think about $60,000ish after fees and taxes. - and yes....I got the tax incentive - including Colorado's rebate.....basically had about $50.000 invested in the car. Anyway....sold it to Driveway in the fall of 22 for $61,800. That was a hard day. I really did love that car. Fast forward.... Driveway subsequently sold the car to a dealer in Las Vegas......It has been sitting on their lot since. (yes....I stalk it). Originally the LV dealer listed it at $61,000....and have dropped it a few times since. After yesterday's Tesla announcement.....they lowered the price to $52,000ish, Somebody is going to lose a lot of money on that car. I still love it....it was a great car....and my husband and I joked tonight about buying it back..... Anyway....just a reflection of how the market is moving.

Good points but what's with the periods?!

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