Current New Vehicle Market
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I asked him how long he's been there after that. He didn't answer.
EcoBust or bust? LOL
I have to admit, I really like the looks of the new Lexus GX550 Overtrail model, with factory 33s, Torsen limited slip center diff (locking) and locking rear diff. I'm a fan of the V8, never had good luck with Turbo charged V6s, but this may be fun. 3.4L with 349 horsepower and 479 lbs ft torque.
I could see driving one of these for my daily, once the aftermarket picks up and some front bumpers become available (deer protection).
I could see driving one of these for my daily, once the aftermarket picks up and some front bumpers become available (deer protection).
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I'm sure he drives a mach-e, sooo - lol.
Used auto prices fall again but are still much higher than before the pandemic
Jan. 08, 2024 3:12 PM ETCarMax, Inc. (KMX) Stock, CVNA Stock, CARS Stock, GM Stock, F Stock, TM StockAN, PAG, ABG, GPI, SAH, LAD, CARG, VRM, SFTGQBy: Clark Schultz, SA News Editor
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The Manheim Used Vehicle Value Index for December showed that wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.5% in December from November and were down 7.0% from a year ago. The seasonal adjustment reduced the December decrease. The non-adjusted price in December declined by 2.0% compared to November, moving the unadjusted average price down 7.7% year over year.
"December’s decline brought a volatile year to a close," noted Cox Automotive Director Jeremy Robb. Looking back at the year, Robb said the spring bounce was much more pronounced than expected in 2023, and prices slid just as rapidly after that bounce, finishing more calmly in December as expected.
"The 7.0% year-over-year loss was larger than our original forecast, but it pales in comparison to the nearly 15% decline we had a year earlier. 2024 is looking to be less volatile than 2023, but we’ve been taught to expect the unexpected in the wholesale market."
For December, used vehicle prices were down 11.7% for compact cars, fell 6.9% for luxury autos, and declined 6.5% for the SUV/CUV category. Looking ahead, used vehicle sales are expected to increase by less than 1% to 36.2M units. That forecast includes 19.2M in used vehicle retail sales. "For the economy and the auto market, we're in for just 1% to 2% growth, but growth beats a recession," noted Cox Automotive Chief Economist Jonathan Smoke.
Despite the recent downtrend, used auto prices are still up more than 50% from the pre-pandemic average in 2019.
Cheapest crewcab pickup within 100 miles of me regardless of make. Great mileage on these to boot. With interest rates, this has to be a winner for Ford at this price point.
Cheapest fullsize bumps you close to 40k
Just for kicks, the most expensive within 100 miles, this includes 2500 and 3500.
Cheapest fullsize bumps you close to 40k
Just for kicks, the most expensive within 100 miles, this includes 2500 and 3500.
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You'd be right on the Maverick if it weren't for Ford dealers. Almost all of them tack an ADM on to the maverick still.
I mean, they're 96% made to order...so 96% of the people buying them ordered it and agreed to price beforehand. 4% are stock orders.
If you wanted one from me, I'm 2 years out.
You are indeed correct, I saw MSRP and MSRP +1k thru +5k
I don't remember seeing your Mustang inventory so low, unless you just run it lean during the winter.
I have 0 currently. I try to roll my allocations to delivering March-October. Outside of that they sit. Haha
So why hasn't ford increased the supply? Are they complicit in the nonstop price gouging?
I know you essentially will take all orders at MSRP, but many Ford dealers will not and they've completely ruined any chance of me buying a vehicle from them.
I'm not sure the dealership model works anymore. Did Ford ever implement their rumored direct ordering process mirroring the Tesla model?
It's so laughable I wanna cry. Not because of anything you've done, but what Ford's marketing didn't do. Forecast the demand.
Ever since they shutdown the Ranger plant in St.Paul, the public's been screaming for 'em. Ugh.
1. They can't increase production as fast as demand has increased. Ford forecasted for the Maverick to have demand similar to the Ranger...it came out to be about 10x's that.
2. No. Ford cant do a direct ordering process like Tesla. That was just rumors.
They were way off on demand projections for sure.
I'm sure they probably don't want to increase production with the demand for the maverick either, because its probably not a big money maker for them.
Oh they for sure want to increase production.
What's the hold up then? I constantly see where they could produce lets say 1000 vehicles that are sold before they can even produce them. Then on the other hand they want to make the more expensive version of the same vehicle that doesn't sell as many instead of producing what is selling good.
The hold up is their contracts on parts and such for them. When you forecast for 10,000 units, you contract for 10,000 shift knobs, etc.....when you need to bump production, you have to go back to your suppliers and get more. Sometimes it's easy, other times it's not.
Making more of the higher end stuff isn't necessarily true either. Look at Super Duties for example. If I could have 100 F-250 XLTs on my lot, or 100 F-450 Limiteds...I'd opt for the Limiteds and would sell them faster than the XLTs.
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