Used Mach E pricing dropped (Carvana)

[nvabill]

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

I did a quick look see on the Carmax sight and see that Mach E prices there have dropped significantly in the last two months!

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[kkgg]

I did a quick look see on the Carmax sight and see that Mach E prices there have dropped significantly in the last two months!

Try selling, you will be even more surprised. I think they are asking about 35-40k for a premium ext AWD

 

[nvabill]

Try selling, you will be even more surprised. I think they are asking about 35-40k for a premium ext AWD

No doubt, if you do a quick search on Youtube reference used car prices the story is everywhere, used vehicle prices are down, dealers are hurting, predictions of massive repos in 2023. I think this is going to be a huge domino effect for the 2023 automotive industry.

 

[kkgg]

No doubt, if you do a quick search on Youtube reference used car prices the story is everywhere, used vehicle prices are down, dealers are hurting, predictions of massive repos in 2023. I think this is going to be a huge domino effect for the 2023 automotive industry.

If any one in the market for a mach e, just pool the money and buy a used one from the seller directly. That's insane deal. Imagine getting a gt for 40k

But I guess no one is ready to sell now.

 

[Cm12]

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.

Very true - the M3 was my “realistic” dream car before the Rivian. My goodness how I’d love to have one…even with how impractical it would be for me, I’d love to hear that engine every day.

After tax credits and my state rebate, my MME was about $43k total. That same car is now $60k total (out the door) because of the change in tax law and our new state rebate cap. Until Tesla dropped the price on the Model Y a couple days ago, there was no real competition for the specific MME model I had at the $43k price point. But I’d still take it over any $60k SUV that I’m aware of, including the Macan and X3. I think you really have to go to the $90k plus range to even get close to the linear power delivery and ridiculously smooth acceleration of the MME. It’s so quiet and peaceful to drive it when you want to drive calm, but can still tear down the roads when I want to. For as good as the $60k options are, they’re just not nearly as smooth IMO.

Plus the heated steering wheel and heated seats actually get hot - to a degree I’ve never experienced in other cars. That’s just my own personal opinion though, and my priorities in a vehicle will differ from others. For that reason, having the Premium AWD SR start at about $60k really puts it into a totally different competition category, and one that it may not win in the judgment of many buyers.

 

[MisterSofa]

If any one in the market for a mach e, just pool the money and buy a used one from the seller directly. That's insane deal. Imagine getting a gt for 40k

But I guess no one is ready to sell now.

You haven’t lost anything until you sell.

 

[nvabill]

You haven’t lost anything until you sell.

Equity, while some don't care to others that is quite important. But yes, I agree, until the point of sell it's not a big deal.

 

[clhardy5]

Good points but what's with the periods?!

Do they bother you? There is no 'point' other than a pause in thinking

 

[KevinS]

Three years ago, this wouldn't have even been a thread. Cars are a depreciating asset.

Consider this a return to normalcy, although the pendulum will swing towards lower prices than value as it all overshoots the mark. This is when you see who's underwater and trying to unload their car.

 

[moche]

Dang... tried to get a competing offer at Vroom and now it's saying "We are not purchasing Ford Mustang Mach-E vehicles at this time, and are unable to provide a price for you."

 

[SWO]

Yes and no. I think we're in a period of over-correction. Pandemic or not, my 2022 with 8000 miles should not be down $17k (31%) two weeks into the new model year.

I think it says more about Carvana's financial stability.

 

[KevinS]

I wonder how many dealers now feel completely screwed if they signed up for the Model e program. Huge outlays of money and now you're not likely to have as much revenue from the EV market.

I'm not saying there's any way Ford could have expected this development, and every other EV manufacturer is in the same boat. But it's just the thought rattling around in my mind today.

Oh, and all the 3rd party sites (Vroom, Driveway, Carvana, etc.) are all toast.

 

[yngwenli]

I wonder how many dealers now feel completely screwed if they signed up for the Model e program. Huge outlays of money and now you're not likely to have as much revenue from the EV market.

I'm not saying there's any way Ford could have expected this development, and every other EV manufacturer is in the same boat. But it's just the thought rattling around in my mind today.

Oh, and all the 3rd party sites (Vroom, Driveway, Carvana, etc.) are all toast.

The 3rd party sites are dead more because of bad business decisions and overpaying for a product. If they rode it and left early and just had no inventory now, they'd probably be ok. Sorta like leaving the gambling tables early after winning or stop home flipping in 2006 rather than wait for 2007-2008 collapse.

But yeah, like zillow/redfin buying homes hoping to flip them, but now, for the car market, they are in a bad shape. We all saw the insane prices these places paid for the cars and it's easy to say now, but they should have stopped before the dance ended. Can't help greed and if that's your whole business.


I don't know if Model E program will fail though. You read a lot about how the supply chain issues made it where nothing was sold, but in reality, dealerships had record profits of all time with supposedly nothing to sell. Maybe revenue is lower, but remember what the revenue/profit was for Mach-E for them? It was like a flat fixed price and not anything to speak of really. If Ford just makes Model E worth it, dealerships can still probably make out good (or no one would do it). In CA, I think almost all dealerships will have to do it to survive honestly.

As long as the world keeps transitioning to EVs, I think there is going to be a way to make $$ on them. Revenue != profit so as long as it's "worth it" for dealerships, they'll be fine.

Having a big company like Ford give support also buffers some market forces like this. Deader than dead used car dealerships which bought tons of overpriced EVs are the ones that are probably going to go under like you say.

 

[Jake]

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

Ours is on there, we missed out on the used car boom, but even catching it on the way down Carvana gave us $54k and now they’re reduced it down to $57k. Pretty tight profit margin there. It’s the 2022 Premium with 8k miles. If you’re shopping for one it has a 5-year ceramic coating and ceramic Stratos window tinting! Lol

 

[Jake]

I wonder how many dealers now feel completely screwed if they signed up for the Model e program. Huge outlays of money and now you're not likely to have as much revenue from the EV market.

I'm not saying there's any way Ford could have expected this development, and every other EV manufacturer is in the same boat. But it's just the thought rattling around in my mind today.

Oh, and all the 3rd party sites (Vroom, Driveway, Carvana, etc.) are all toast.

Tesla changes prices all the time, looking at the Model 3, it looks like a close out of RWD and Performance, I mean what a deal on the Performance, but once the refresh hits they will raise prices like that! You still can’t order a long range Model 3 either.

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