Huge price increases on used Ford Lightnings

[Brons2]

It seems the prices on used Lightnings have gone up quite a bit with the gas price runup and with production ending. I used to see a lot of them with low miles for less than $35K, now it seems to be $5-$10K higher. There's a few in the mid-30s but usually with the small battery, higher mileage, or both.

I was planning to buy a used one at the end of my lease but now I'm not so sure. Might have to go a different direction. Not sure yet.

 

[Rand]

Subaru EV's are nearly 10-15% higher this month than last month..
yet 2027s are about to come out.. seems kind of odd.

2027 trailseeker has several improvements yet the 26 has 0 off at dealer and 0 to 1500 in rebate.

last month Subaru uncharted had over 3k off at dealer + 4k incentive =over $7k off msrp.. now some as little as 1k off.

 

[AZjeff]

I was planning to buy a used one at the end of my lease but now I'm not so sure. Might have to go a different direction. Not sure yet.

Not interested in the one you have now?

 

[Rmay635703]

All EVs are available in lower numbers at much higher prices.

Considering many are virtually out of production expect the trend to continue.

Automakers learned they make the most money if they make too few vehicles for the market

 

[Rand]

All EVs are available in lower numbers at much higher prices.

I think this has more to do with gas prices and being more of a short term fad.
ie dealers milking the impulse buyers dumping their gas guzzlers.

There is no reason to raise prices month to month on New EV's that are about to be a model year old.
No reason but greed.

the used EV market is probably related to less supply/heating up as people jumped on them in recent months with
higher gas prices.

 

[AZjeff]

Automakers learned they make the most money if they make too few vehicles for the market

Automakers make no money from the used market.

 

[UncleDave]

Automakers make no money from the used market.

True for the used market they don't themselves participate in.

Within their own brand offering they often make far more per vehicle off the used lot.

 

[Brons2]

Not interested in the one you have now?

Buyout is $46K on it. I'm not completely opposed, but, a few months back buying mine out for that price tag seemed like an awful deal. Now it's about market.

 

[PandaBear]

Automakers make no money from the used market.

Not directly. Indirectly from higher demand will always make the new car side higher in demand.

 

[Rmay635703]

Automakers make no money from the used market.

As the new market goes so does used.

In any event telematics revenue from lexusnexis alone was $3.4 billion, which is 100% post sale money. (Yes automakers skim some of the telematics $$ or they wouldn’t bother)

Certified Used and various manufacturers extended warranty programs also net money to the auto makers and many times to their financial arms.

Insurance company repair parts, OEM parts also are an ecosystem that drives $$$ back to manufacturers.

Subscription services both to dealers and end users drive $$$ back to the OEMs.

Lastly the used market (specifically the 0-3 year values) drive profitability (or losses) into leasing and loan arms.

To say the used market doesn’t make OEMs $$$ is silly.

 

[JeffKeryk]

Maybe tell Jim to fire up the Lightnin' line?

 

[jghall00]

Don't know what you got till it's gone.

 

[johnmyster]

Automakers learned they make the most money if they make too few vehicles for the market

They've learned that they shouldn't make more poorly crafted vehicles than their secondary manufacturing centers (dealer service departments) can support.

 

[jghall00]

They've learned that they shouldn't make more poorly crafted vehicles than their secondary manufacturing centers (dealer service departments) can support.

LOL, based on wait times for GM engine replacements I doubt they've learned that lesson.

 

[Rmay635703]

LOL, based on wait times for GM engine replacements I doubt they've learned that lesson.

Gotta wonder why many manufacturers suddenly forgot how to cast an engine block.

The more simplistic the design the harder it is to make apparently

 

[jghall00]

Gotta wonder why many manufacturers suddenly forgot how to cast an engine block.

The more simplistic the design the harder it is to make apparently

My understanding is that the failures are QC related. Making products at scale can be challenging and requires ongoing quality controls. There are many manufacturers that seem to have suffered lately. Ford, Kia, GM, Nissan, and Toyota! have all had failures related to defective parts in critical areas. The tolerances used on modern engines certainly don't make things any easier.

 

[AZjeff]

To say the used market doesn’t make OEMs $$$ is silly.

Silly, I should have said OEMs don't make $$ directly from used sales. Most of the money streams you list are going to happen whether the Lightning sells for $34k or $40k used. OEMs can't control or predict the events that cause the ups/downs in used prices that happen as quickly it seems as gasoline price jumps from events.

 

[Rmay635703]

My understanding is that the failures are QC related. Making products at scale can be challenging and requires ongoing quality controls. There are many manufacturers that seem to have suffered lately. Ford, Kia, GM, Nissan, and Toyota! have all had failures related to defective parts in critical areas. The tolerances used on modern engines certainly don't make things any easier.

Now see if I can find the article, gist was a LOT of places offloaded QC to AI as the first trial, that article was several years back, gotta wonder if related

 

[Brons2]

LOL, based on wait times for GM engine replacements I doubt they've learned that lesson.

I've heard that an out of warranty 6.2 replacement costs $15K. Makes a battery replacement seem not so bad after all.

 

[Brons2]

Silly, I should have said OEMs don't make $$ directly from used sales. Most of the money streams you list are going to happen whether the Lightning sells for $34k or $40k used. OEMs can't control or predict the events that cause the ups/downs in used prices that happen as quickly it seems as gasoline price jumps from events.

If used versions are extremely cheap it places downward pricing pressure on new ones, so, it's to the manufacturer's advantage to have reasonable resale value.