Are people going to order 23s just to sell ?

[LSchicago]

I enjoyed driving the XL EB as well, way more than I thought. But have you ever owned a sports car? LOL

Maybe as much fun as a weak 70's MG. Not nearly the same thing as a new sports car.

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[03 truck]

It already has. Interest rates have gone up and that is effecting car loans too. Most people don't buy new cars with cash.

I always pay cash except for 5k I put on my credit card to get the points than pay the card off at the end of the month.

 

[Tbolt]

I always pay cash except for 5k I put on my credit card to get the points than pay the card off at the end of the month.

Good for you. Let me break down for you exactly what MOST PEOPLE means. It means that MOST PEOPLE who are not you do not purchase a vehicle that way. It really shouldn't require me stating MOST PEOPLE except those like 03 truck, as that would be stupid. But good for you.

 

[Tirpitz]

If my existing order gets built as a 2022 it is going to be a compromise as I had to take constraint items off of it. So I'm placing a 2023 order configured the way I want. If I get my 2022 I will be selling or trading it in on the 2023.

So I'm not ordering a 2023 to sell but my 2023 order might result in me selling a 2022 in about a year. I'm hoping that I at least break even in that case.

Also possible I might keep both. Say one of my existing vehicles gets hit by a bus or something, then I might need them both.

Update on my situation. My 22 XLT hybrid order got scheduled but is on the canceled list now. In the meantime I had ordered a 23 Lariat hybrid from Long McArthur. Turns out that after over a year of waiting I actually need a vehicle. I got on a wait list at Long McArthur for trucks that were ordered but not taken when they arrived. They actually got me a 22 XLT hybrid but part of the deal is that I have to give up my 23 order to get the 22 with minimal markup. I pick it up on Friday.

So now I also have my original 22 order that is getting rolled over with a private offer. Even accounting for taxes it looks like I can take it and make money on it. My dealer has been completely useless (one of the reasons I placed my 23 order at Long McArthur) and I don't feel like rewarding them with a car they are going to sell for thousands over MSRP.

Thus my plan is to take the rollover 23 when it comes in, drive it for a bit while I wait for the title and then probably sell it. But if something changes between now and then I might keep it. Guess I don't have to decide that until it actually shows up at the dealer and that probably won't be before March or April.

 

[NJ Pinelands]

Update on my situation. My 22 XLT hybrid order got scheduled but is on the canceled list now. In the meantime I had ordered a 23 Lariat hybrid from Long McArthur. Turns out that after over a year of waiting I actually need a vehicle. I got on a wait list at Long McArthur for trucks that were ordered but not taken when they arrived. They actually got me a 22 XLT hybrid but part of the deal is that I have to give up my 23 order to get the 22 with minimal markup. I pick it up on Friday.

So now I also have my original 22 order that is getting rolled over with a private offer. Even accounting for taxes it looks like I can take it and make money on it. My dealer has been completely useless (one of the reasons I placed my 23 order at Long McArthur) and I don't feel like rewarding them with a car they are going to sell for thousands over MSRP.

Thus my plan is to take the rollover 23 when it comes in, drive it for a bit while I wait for the title and then probably sell it. But if something changes between now and then I might keep it. Guess I don't have to decide that until it actually shows up at the dealer and that probably won't be before March or April.

How long will it take to get your title ?

 

[Tirpitz]

How long will it take to get your title ?

I've heard anything from 2 weeks to 2 months here in California.

 

[NJ Pinelands]

I've heard anything from 2 weeks to 2 months here in California.

Two months seems far too long, especially if someone has buyer lined up.

 

[Tirpitz]

Two months seems far too long, especially if someone has buyer lined up.

I don't think I'd setup a sale until I held the title. I'd have to run the risk that prices would change while I was waiting. Frankly even if I'm roughly break even I'd be OK with that. Better than than hand the dealer an extra $7,500.

I'm thinking I'd probably offer it here private party. But we will see- quite possible that my dealer will somehow screw up the rollover and leave me with nothing out of that order.

 

[Grumpa]

Are there people out there who are going to buy a 2023 just to turn around and sell it or maybe sell their 2022 and wait for a 23 ?

If and when I get my XLT, I am going to keep it. Selling my 2017 Pacifica.

 

[OXHB619]

I did order a '23, because neither dealer I had ordered my '22 at had been built or delivered. I figured worst case I can pass on it, best case I will just trade/sell if one of my '22 arrived and buy the '23. I also had a "22 rollover" private offer from Ford showing when I ordered, for $1750, and no reason I should of had that, which also encouraged me to go ahead and order when I didn't need to make a deposit.

It is a Hybrid, so doubtful it gets made given constraints, and if it does at this point the dealer pissed me off so much I will pass on it.

I got lucky and one of my '22 orders got built and delivered, so I think I am tapping out on the market. Prices are sinking on resale, and unless that pops up big time by next year, which I doubt, I am done with dealers for a long time.

Good news is that used prices should continue settling and hopefully Ford can make enough new to reduce the ADMs being slapped on, and the market shifts back to the buyers advantage over the dealers.

 

[LSchicago]

I ordered mine to keep. Prices on cars and homes are falling now, as many other commodities are. I think in 6 months dealers will have a lot of inventory from people who bailed out because they won't be able to profit from buying anymore. The market is correcting itself with the higher interest rates.

 

[LSchicago]

Law of supply & demand. Supply may improve a small bit but demand will drop. Auto sales are always a precursor of a recession and we are heading in that direction. Interest rates are going to climb as the Fed is ready in the next week or so to raise the interest rate another 100 basis points for the 4th hike this year. If inflation does not start to subside soon, count on there being more rate hikes to come.

If I get a Maverick, I plan of keeping it for many years. My average is 11 years per truck.

So says my crystal ball.

Auction prices have been dropping since July.

 

[StephMavXLT]

I finally got to sit in a Maverick a few weeks ago at a baby shower. Talked to the owners. They originally ordered 2 hybrids it took so long to them get they ordered 2 ecoboosts while waiting. They got the eco's and drove them for a while until the hybrids came in. They are selling the eco's and have ordered even more 23 mavericks. As a person who just wants 1 hybrid truck to keep for 10-15 years, I wonder how all these multiple orders are gumming up the system. I don't mind folks doing it. Just interested in the effects on me getting my one truck which I will not sell come hell or high water. ;-)

 

[OXHB619]

I finally got to sit in a Maverick a few weeks ago at a baby shower. Talked to the owners. They originally ordered 2 hybrids it took so long to them get they ordered 2 ecoboosts while waiting. They got the eco's and drove them for a while until the hybrids came in. They are selling the eco's and have ordered even more 23 mavericks. As a person who just wants 1 hybrid truck to keep for 10-15 years, I wonder how all these multiple orders are gumming up the system. I don't mind folks doing it. Just interested in the effects on me getting my one truck which I will not sell come hell or high water. ;-)

If you are patient, it should be great as used inventory piles up, prices drop and there may be lots of "flipped" mavericks that you can purchase at a decent price that are certified pre owned.

Before COVID, a brand new vehicle was never in my cards. I would rather someone else take the depreciation hit. Now it looks like dealers may be doing that for us in the next 6-12 months

 

[mr mojo risen]

Are there people out there who are going to buy a 2023 just to turn around and sell it or maybe sell their 2022 and wait for a 23 ?

I've ordered a 23, and I'm planning to sell my 22 Mav to my dad who likes it very much. Does that count?

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