Used Mach E pricing dropped (Carvana)

[phil]

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.

Markets go up, markets go down. Car dealers are mostly in it for the long haul, and short-term market downturns are just a temporary annoyance.

In the long run, it looks like governments will keep throwing money at EVs, and Ford dealers will do ok.

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[kkgg]

my local dealer is still listed 2 mache's for 75k (premium, ext awd)
I just smiled

 

[nvabill]

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.

Bingo.

 

[Cecil]

After our second trip Phoenix -> Las Vegas and back, dealing with poor cold weather range, finding charging stations that work and trying to get any useful information out of the NAV, I am REALLY REGRETTING getting a MME. And now the used price/trade in value is tanking. Great.

 

[vortix]

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!

Of course, no surprise. Rates are up, demand is down,

After our second trip Phoenix -> Las Vegas and back, dealing with poor cold weather range, finding charging stations that work and trying to get any useful information out of the NAV, I am REALLY REGRETTING getting a MME. And now the used price/trade in value is tanking. Great.

I hear Tesla is running a sale. Otherwise, use ABRP instead of the built-in nav to plan routes ahead of time, and check charging stations with Plugshare.

 

[Cecil]

I use plugshare, it works ok, better than the Ford Nav for sure.

 

[azerik]

I bought a Mach-E last week used, from a dealer. You can blame me for the prices dropping. If there is anything else you need destroyed. Watch values, Gun values, house values, etc I'll happily destroy those as well if someone would help fund me 1/2 whatever it is and I got to keep it. It's been a skill of mine for a LONG time.

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

This is exactly what it is. Carvana is on the edge of totally falling appart. That little dip in the fall last year? Cavana canned most of their sales team (Did you know they had sales people? I didn't. But they laid them off), then came back a week later to start canning tech people.

Used dealers everywhere are going to feel the sting of 8+% apr's. I was quoted up to 12% last week. With an over 800 score. That was simply the dealer trying to get every kickback they could from anywhere they could.A month or more of that and the dealers won't even buy cars from people. They'll go back to the auctions 100% and get them at bottom dollar from other dealers that need to dump them in order to keep the lights on.

This market is 'goin to swing all over the place. If it makes anyone a little happier I paid $52k for my '21 Prem AWD ER last week. Doing my part to help keep the market afloat.... (My logic was prem er + AWD for a hair less than a '23 Std Rwd 'after' tax credit, I'm still slightly ahead, if only slightly) My wife was ever so quick to run to me and show my Tesla dropped the Y's price 2 days after I got my MME. My question to her "But would you want me to actually own that Model Y?" Her answer was a solid "Hell no".

 

[RockwallRick]

Our local Ford dealer still has the MME that we sold them in November. They now have it priced for less than what they paid us for it!

 

[new to mach-e]

Not sure if it was mentioned in previous posts, Vroom is not buying Mach-e's currently....

 

[azerik]

All the dealerless dealers will stop buying. The service dept keeps the dealers alive when prices tank on cars. Service prices will rise, more, in the coming months.

 

[RickMachE]

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.

I'm not seeing how you come to the conclusion that dealers won't make as much revenue. Do you think that because a car is $45,000 and not $60,000 that their revenue from that sale is that much different?

 

[vortix]

Another example, here is a '22 GTPE w/ BlueCruise for < $60k:
https://www.carmax.com/car/23560484

Really interested to see if/when Ford drops prices or offers incentives on new '23 Mach Es.

 

[kkgg]

Another example, here is a '22 GTPE w/ BlueCruise for < $60k:
https://www.carmax.com/car/23560484

Really interested to see if/when Ford drops prices or offers incentives on new '23 Mach Es.

Man that sucks for us(who bought it already) ?

 

[voxel]

Another example, here is a '22 GTPE w/ BlueCruise for < $60k:
https://www.carmax.com/car/23560484

Really interested to see if/when Ford drops prices or offers incentives on new '23 Mach Es.

Wow.. in Florida too.

I'd be interested if it wasn't a Job 1 2022 model. That HVBJB is going to fail.

 

[vortix]

Wow.. in Florida too.

I'd be interested if it wasn't a Job 1 2022 model. That HVBJB is going to fail.

Which would be covered under warranty, seems worth the risk to me IMO given the price point and the fact this is a loaded GTPE.

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