So in September 2022 the UAW contract expires, the big 3 will not have a 90+ day supply of vehicles to sell during a strike. Seems like the workers have more bargaining power this time.
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unless a buyer has already done their comparison homework and decided the Maverick is the right choice for them at the right price point. Waiting then is a better strategy than "settling" for a vehicle that doesn't really meets your needs just for the immediate purchase gratification.
FWIW I have seen a couple tidbits saying there is limited availability and a wait on the SC as well, so maybe a moot point.
I think your statement requires a pretty big caveat. Most of the time, someone driving a vehicle on its last leg and with 180K miles on it, would replace that vehicle with a well used vehicle with 80-100K miles on it. The segment of buyers that buy new and drive a vehicle to the ground is very limited - most fall somewhere in between. The fact that this time you've happened upon a brand new model, where there is no used inventory, and that also happens to be competitively priced against even used vehicles (given the current buying/selling climate), is really a unicorn scenario.
Would you be looking at a $15-20K low miles 2011 Ranger if the Maverick weren't available with 70K miles, or perhaps a 2015 F-150 or Tacoma priced above $20K? The market is just off, but that isn't going to change anytime soon either.
Those numbers were just presented as current value of used vehicles with 80-100k miles - what typically would have been 10-15K or less a year ago. Not a comment on affordability for you personally!
There are not very many people that buy a vehicle new and run it into the ground. In 2005 the Subaru Forester was just one of any number of SUV options. Based on your comment, you're now looking at brand new to market, latest/greatest vehicles that are basically next to unavailable. You're welcome to do that! But the fact that your current vehicle, owned for 16 years, happens to be nearing its own life end has nothing to do with the wait time for any of the vehicles on your list.
who says there won't have been a resolution to supply chain shortage issues by then (9 months)? Also keep in mind Ford Hermosillo plant is in a different country and I don't think bound by UAW contract status? Couple other big maker plants in USA are also non-union so there may not be as much disruption to car pipeline as in the past...
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It is hard to sit here and criticize others for "contributing to the hysteria" when I myself have ordered two vehicles from Ford in these times.
I will say that the Maverick Hybrid XL (23,575 for my build) was TOO GOOD to pass up. As I watch the price of just about everything take off - I think the days of sub $25k new vehicles are soon to be gone. Getting the MavBrid for that price is well worth the wait.
The Bronco? I reserved it because it was bad ass. I ordered it because it didn't cost anything. I'm going to buy it because it will show up well in advance of my MavBrid and will retain all of its value (if not more) before I'll have to decide of I want to sell it when the Mav arrives or keep both.
EIther way - as long as there is a steep demand for vehicles - this will serve the car manufacturers well.
I will say that the Maverick Hybrid XL (23,575 for my build) was TOO GOOD to pass up. As I watch the price of just about everything take off - I think the days of sub $25k new vehicles are soon to be gone. Getting the MavBrid for that price is well worth the wait.
The Bronco? I reserved it because it was bad ass. I ordered it because it didn't cost anything. I'm going to buy it because it will show up well in advance of my MavBrid and will retain all of its value (if not more) before I'll have to decide of I want to sell it when the Mav arrives or keep both.
EIther way - as long as there is a steep demand for vehicles - this will serve the car manufacturers well.
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I knew over a year ago the time frame which I wanted to replace my car and ordered my Maverick in July hoping for a December/January delivery. Since my truck is currently in production it looks like I will get it very close to my expectations.
The entire point of my post which you seem to miss entirely is not everyone has the luxury of waiting that long for a variety of reasons. Expecting the customer to choose between waiting half a year or more or paying an exorbitant dealer markup to buy off the lot is going to push a lot of people to choose other options which may or may not be used vehicles. Ford dealers may make a profit selling used but Ford Motor Company does not. It doesn't seem to be a good business model to me.
I'm in the same boat... my vehicle has 171K miles on it and while I am really hoping to get to 200K (late 2022, early 2023) before I consider something else, I can't help but think about the 'what if'. While I wouldn't mind waiting 3-6 months for something I ordered there is always that possibility I would need something sooner.
This is the exact situation I found myself in last month. My 170k Chevy Cruze needed a new transmission, and neither of the 2 vehicles I already have deposits on (Chevy Bolt and Ford Maverick) are anywhere close to my driveway. My choice was to pay top dollar for a used car, pay over MSRP on new (and get something I didn't even want), or just repair my car. So I put a new transmission in it. Totally sucked to shell out all the money that would've made a great downpayment on the next car, but there wasn't much else I could do
There's a big difference between supply chain problems that affect every manufacturer and every manufacturer just deciding to reduce supply. The latter requires every car manufacturer to collude together to raise prices. Toyota can't just decide on their own to raise the price of the RAV4 $5000. Most of their buyers are going to go buy a CR-V instead. They might like things the way they are now, but all it takes is one manufacturer to undercut the rest and everyone has to come down.
LOL!!!! I TRIED to snag a SC limited, even looking in other states. Most are spoken for before they arrive. Those on the lots near me have as much as $14,500 amendment added. Dealer nearest me wanted to hang up on me when I talked about buying at MSRP, and insisted they wouldn't eliminate the classic dealer chump upgrades, such as tinted windows, undercoating and my favorite - Nitrogen-filled tires. Dealerships are not dead yet! BTW, in attempting to snag one out-of-state I encountered another barricade. Arizona (close to me) has instituted a DIGITAL title system. A paper title never exists except in Arizona's state records. I was told that several buyers from my state had attempted to buy in AZ and drive back home to register and the home state refused because no paper document was available. Your finance company holds your title until payoff, and they also would have no access to your title. If this system becomes widespread our buying options will soon shrink.
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I 100% agree! The dealer adjustments going on across the industry are in some cases beyond ridiculous. Consumers will remember though, and the way people are being treated this round of car buying will be remembered 3,5,10 years down the road and hurt them significantly. They are blinded with short term gains and forgetting they'll end up with long term pain.
Even though we are definitely different on the car buying spectrum (between my wife and I we've averaged a new-to-us vehicle almost yearly...of which I take 100% of the blame), I wholeheartedly remember how I am treated by a dealer. I have had a couple of bad experiences related to trade-in values, and will never return to those dealers (and over much less than the $2-5-10K dealer markup numbers we are talking about).
I do remember the stand-out experiences and have returned to several dealers for that reason. Granger for example will now be first on my list because I like the model they are trying to run their business.
Circling back to your point - I do get it, just trying point out that your scenario is not a common one! I will also concede that in your scenario, there have been a lot of new/interesting options, and a lot of model refreshes announced in the last year or so, which further compounds the waiting game for you. Also, congrats on being in production, it will have been worth the wait!
I doubt the automakers are aiming to stick with the current situation of virtually no inventory. Dealers are going to want to continue to sell cars off the lot to customers who can't, and to those who simply don't want to wait. The big markups and high used car prices have mostly benefitted dealers rather than the automakers. They sell the vehicles to the dealers for the same price regardless. What the automakers have benefitted from is not having to offer rebates and other incentives, so they'd like to eliminate or minimize those going forward. This will mean lower inventories, but not necessarily pandemic levels. Yes, no incentives would contribute to higher overall prices paid by consumers, but I doubt it means everyone will be forced to order if they want a new vehicle.
Maybe you could elaborate? The dealer salesperson just gave me the word that other buyers from NM had had difficulties registering when they got home, and buying in AZ wouldn't be possible for me. The dealer actually has businesses in NM and I asked if somehow the vehicle couldn't be moved here to complete the transaction, or if there was some method of doing the deal in my home state and having me pick it up in AZ. He wasn't really very helpful, and may just have been trying to brush me off, because finding local buyers isn't exactly difficult right now and selling to someone out-of-state would be more hassle.
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