Is price hike on maverick going to happen ?

[car39]

Back in the 70's every time we got a load of cars, it seemed they went up $200, didn't matter if the car was ordered, as a lot of them were, or not.

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[ttthhasdf]

Introducing the 2023 Ford Maverick, prices starting under $25,000!

 

[Decayed]

Why are you buying it then?

 

[Old Ranchero]

expect the destination charge to increase across the board. Fuel prices are up everywhere and they can bury some unrelated increases in there.

 

[Gr8Mustang]

If Ford increases $$ by 8% and inflation is 10% then Ford will effectively be lowering the price of 2023's!

That only works if you get a 10% raise to keep up with inflation. Oterwise it is just a 10% increase that you may or may not be able to afford.

 

[Randy H.]

That only works if you get a 10% raise to keep up with inflation. Oterwise it is just a 10% increase that you may or may not be able to afford.

If it were not for the excellent price point of the 2022 Maverick I would not be able to afford a-FORD. Glad I got in line when I did. (A decent KIA now costs over 30K)

 

[Dun4791]

The American and Canadian ford workers get a 3% raise this coming September. Not sure about Mexican workers but with inflationary pressures, the usual yearly increase, and their fixed costs going up I would say yes. I’m guessing 5% increase for the beginning of MY23 on base pricing and likely 10-15% on option packages. Just my humble opinion.

 

[TooManyVehicles]

Did you mean to say "would NOT have further downstream effects"

Yes, sorry.

Here's another chart to get peoples attention as to how bad this can get. US Money Supply (M2 measurement):
https://fred.stlouisfed.org/series/M2NS#0

ETA: The huge increases in money supply, federal fiscal and Fed monetary quantitative easing (aka printing money) and other crazy policies are the reasons why I have shifted to a buy now mentality, including buying my Bronco Sport and (hopefully soon) Maverick.

In the past n years we have been largely "saved" from inflation due to the velocity of money decreasing. See: https://fred.stlouisfed.org/series/M2V#:~:text=The velocity of money is,services per unit of time.

What does this mean? In simple terms, when someone gets money they can a) save it b) spend it. When you spend it, it becomes someone else's and they in turn can save or spend. Money saved can be loaned by banks where it again cycles through the economy. The amount of that turnover is the velocity. What happened after the great recession is that there was stimulus but that was offset by decreased velocity...partially because people were freaked out by losing jobs, etc., and at a larger level decreased investment in new projects. Those days (I think) are now over. As people "see" inflation, they will change their thoughts from "I can get that computer/watch/phone cheaper later" (or a "better" computer/watch/phone at the same price) to a thought process of "I better buy it now as it will be more expensive later". This shift will cause money velocity to increase and we will see demand-pull inflation. While some of the supply shock (due to decreased production) will dissipate and it MIGHT moderate inflation pressure, I'm kind of thinking that we have just begun to see a rather long period of increased inflation. Some of this is policy driven: It is much too easy for government to want to spend/print and much too hard to do what is necessary to stop inflation. We have no Paul Volker to come to our rescue.

 

[gametyme89]

If it were not for the excellent price point of the 2022 Maverick I would not be able to afford a-FORD. Glad I got in line when I did. (A decent KIA now costs over 30K)

You can get a very respectable trim Kia Soul for under $30k, closer to $25k if you also shop diligently and avoid ADM.

Kia Soul's are great value and review well. IMO anyways.

 

[MakinDoForNow]

That only works if you get a 10% raise to keep up with inflation. Oterwise it is just a 10% increase that you may or may not be able to afford.

Whether or not you manage to maintain your personal adjusted income level anyone selling anything at a price less than the amount after inflation is selling for a reduced valuation.

 

[MakinDoForNow]

That only works if you get a 10% raise to keep up with inflation. Oterwise it is just a 10% increase that you may or may not be able to afford.

If you take a valuation cut in your pay by not getting a "raise" yes you may not be able to afford the new price item and will be happy you bought this year. If you do not save 12% of your gross pre tax income (I save 19-21%) you are living too "high on the hog". In addition i paid off my 2012 Honda crv in five years and have continued to pay the same amount into my savings towards a replacement vehicle. It a personal choice. I have a nephew that put over 400,000 mile on his car and when he graduated college and got a job, he paid whatever $ was over $1,000 in his checking account towards his house and paid it off in 41 months.

 

[Gr8Mustang]

Whether or not you manage to maintain your personal adjusted income level anyone selling anything at a price less than the amount after inflation is selling for a reduced valuation.

So if I make 50,000 a year this year and next then the price goes up 10% somehow I am ahead of the game?
Judging the numbers versus inflation is great if you are keeping up with inflation. If not the price is still higher.

 

[MakinDoForNow]

So if I make 50,000 a year this year and next then the price goes up 10% somehow I am ahead of the game?
Judging the numbers versus inflation is great if you are keeping up with inflation. If not the price is still higher.

If you buy this year you are ahead of the game versus buying next year at a higher price. The fact that your monthly payments are more expensive for you personally is because you have not increased your income to adjust for inflation.

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