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.