Order banks outlook

[merlin101]

Don't get the wrong Idea here. I love hybrids. A GREAT trouble-free experience with the 2005 "truck of the year" the 2005 Hybrid Escape convinced me to buy the Maverick. I didn't even shop around.

I'm not quite to the point of regret, but gosh darn it, this version of the hybrid isn't living up to it's great-grandfather.

It just does not feel as "strong" and robust as the original. I actually talked to an EV design engineer in the Silicon Valley area who agreed. His comment was "we'll never see a hybrid built as well as those generation ones."

I think Ford had a lot to prove and a fear of failure in 2004-2005 that's not there now. So they put the best they could into their very first Hybrids.

I think the era of Hybrids is starting to sunset. ICE will remain a low production number "option" and EV's will rule in 10 years.

Makers will have disincentives to manufacture ICE cars and trucks, maybe a cap on numbers that can be built each year, thus low availability will drive up prices and there will be ADM on ICE units.

Just my prediction. But the writing is on the wall.

In my view, i think hybrids are essentially going to replace standard ICE vehicles except in high performance or heavy utility vehicles. Most of the current offerings in hybrid lineups look really competitive today. And for a relatively marginal increase in cost, you get rapid/notable reductions in cost via fuel savings.

Electric is great, yes. But for the next ten years at least, they are probably going to remain MASSIVELY more expensive than any other competing option—and because of this it still takes most of the vehicles lifespan to recoup the added costs via fuel savings. They are also still handicapped by charging limitations too. The long-term uptake of electric may not be as fast either if they don’t solve the cost and general availability of lithium or start massively expanding the central power grid.

Hybrids seem to be in a good position if manufacturers play their cards right— they were seen as gutless gimmicks by many folks 20 years ago. Now the tech has evolved to the point they are outperforming their standard fuel counterparts in many cases, they look good, and reliability is better/batteries are more trusted. Hybrids/plug-in hybrids offer a great way to move towards partial electrification with limited/quickly reversed cost increases while we wait on pure electric vehicles get more advanced and drop in price.

But obviously who knows for sure. It could swing either way depending on what tech advances better. If a battery breakthrough takes place, pure electric would suddenly be super enticing. But that price has has gotta plummet regardless.

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[vRS]

Looks like this one was rejected, likely because the dealer screwed up and left off the Copilot 360 Assist on the otherwise loaded Lariat BAP. Just for reference, my truck (with 360 assist) was over $15,200 LESS.

There's a dealer near me that always has several new Maverick's for sale every month. All of them are marked up by $7k to $10k and most of them don't even have the regular Co-Pilot 360 option.

The reason why they have so many Retail orders available for sale is that they have been modifying customer's orders without them knowing. They change the color and remove all the options so it gets scheduled quicker.
When the truck arrives it's not what the customer had ordered and they end up not taking it. Guess who gets the blame for this "mistake"?

They are nice enough to help you out though and will offer you the next one that becomes available for MSRP if it maches or is close to what you originally wanted. The sad part is that you will be waiting a long time and will end up not getting one as anything available will be the base model with no options.

Many people have bought Maverick's from them and paid up to $10k over MSRP. Imagine paying all that money for an XLT or Lariat and then finding out later that it's missing basic options like blind spot monitoring.

 

[BradnChristine]

There's a dealer near me that always has several new Maverick's for sale every month. All of them are marked up by $7k to $10k and most of them don't even have the regular Co-Pilot 360 option.

The reason why they have so many Retail orders available for sale is that they have been modifying customer's orders without them knowing. They change the color and remove all the options so it gets scheduled quicker.
When the truck arrives it's not what the customer had ordered and they end up not taking it. Guess who gets the blame for this "mistake"?

They are nice enough to help you out though and will offer you the next one that becomes available for MSRP if it maches or is close to what you originally wanted. The sad part is that you will be waiting a long time and will end up not getting one as anything available will be the base model with no options.

Many people have bought Maverick's from them and paid up to $10k over MSRP. Imagine paying all that money for an XLT or Lariat and then finding out later that it's missing basic options like blind spot monitoring.

Makes me appreciate my small dealer even more. They aren't stupid, and fairly quickly sold a used 2022 XLT when asking $37,900...but smoothly sold me my loaded 2023 Lariat BAP for $5k less (X-Plan plus Private Offer).

 

[sprubs]

In my view, i think hybrids are essentially going to replace standard ICE vehicles except in high performance or heavy utility vehicles. Most of the current offerings in hybrid lineups look really competitive today. And for a relatively marginal increase in cost, you get rapid/notable reductions in cost via fuel savings.

Electric is great, yes. But for the next ten years at least, they are probably going to remain MASSIVELY more expensive than any other competing option—and because of this it still takes most of the vehicles lifespan to recoup the added costs via fuel savings. They are also still handicapped by charging limitations too. The long-term uptake of electric may not be as fast either if they don’t solve the cost and general availability of lithium or start massively expanding the central power grid.

Hybrids seem to be in a good position if manufacturers play their cards right— they were seen as gutless gimmicks by many folks 20 years ago. Now the tech has evolved to the point they are outperforming their standard fuel counterparts in many cases, they look good, and reliability is better/batteries are more trusted. Hybrids/plug-in hybrids offer a great way to move towards partial electrification with limited/quickly reversed cost increases while we wait on pure electric vehicles get more advanced and drop in price.

But obviously who knows for sure. It could swing either way depending on what tech advances better. If a battery breakthrough takes place, pure electric would suddenly be super enticing. But that price has has gotta plummet regardless.

chevy bolt is pretty affordable. a bit of an outlier but I think more affordable EV options are coming soon.

agreed on hybrid. I don't know why the vast majority of vehicles aren't hybrid now. the F150 hybrid is a good example. more power than some of the other options for that truck and similar or better fuel economy. that seems like all win.

 

[Raschaef]

It will take a long time for Hybrid buyers to save 1500 in gas. Why bother

25 k yr =$651 savings yr if you keep it 10 yrs only 6,510 -$1,500 or $5,010 savings

 

[pa-outdoorsman]

25 k yr =$651 savings yr if you keep it 10 yrs only 6,510 -$1,500 or $5,010 savings

At 25,000 miles a year, you are at 250,000 miles in 10 years! I think it's a bit of a stretch to assume the truck is running that long and/or your fuel savings are 100 percent pocketed along the way. Seems to me you're going to have a fair bit of other maintenance and repair costs over a quarter million miles.

 

[SamJenkins1313]

There usually isn't a lot of work. Just a quick FB registration. My dealer pulled up the code when my truck was in. Two minutes work for $500. You'd have to be a fool not to do it.

How do you register for the $500. Credit ?
I’m in South Mississippi and will be getting my Maverick soon ! Thanks

 

[BlueSpec1]

How do you register for the $500. Credit ?
I’m in South Mississippi and will be getting my Maverick soon ! Thanks

$500 Farm Bureau credit, have to join one of the farm bureaus and be a member for 30 days to print out the certificate to take to the dealer. Like Cook County: https://cookcfb.org/membership/why-become-a-member

 

[Ellebob]

Any word if order banks will be closing?
Doesn't seem as crazy as last year. Maybe because higher prices especially hybrid, increased interest rates or higher production capability with 3rd shift.

 

[merlin101]

25 k yr =$651 savings yr if you keep it 10 yrs only 6,510 -$1,500 or $5,010 savings

I did math for myself based on just 15k miles a year, and vs the ecoboost I will be saving around 750 annually, so only 2 years to recover the cost of the hybrid.

 

[Sleeper 7]

At 25,000 miles a year, you are at 250,000 miles in 10 years! I think it's a bit of a stretch to assume the truck is running that long and/or your fuel savings are 100 percent pocketed along the way. Seems to me you're going to have a fair bit of other maintenance and repair costs over a quarter million miles.

And the re-sale value of hybrids is terrible. I think its a financial loser.

 

[Derwood]

Dealers would have no idea of knowing whether a customer ordered at another dealer as well. And obviously the Ford system doesn't do any kind of name/address match to prevent it.

I would say most/many dealers still are requiring no deposit on Maverick orders, as they figure it'll be an easy sale if the original orderer walks away. With fewer orders being placed for 24 and increased production capacity, I don't think dealers are worried about the possibility of losing future allocations by not having all the trucks sold to the same person as who is COVP'd on the order.

Plus, I think there will be enough Mavericks to go around by spring that dealers will be able to order stock units with the Ecoboost engine. People will start buying Mavericks off the lot just like any other "normal" vehicle. These aren't C8 Corvettes or anything.

I put a $1,000 deposit on my Maverick order 2 weeks ago. My dealer was very helpful and actually gave me a $500 discount off MSRP which considering the demand was a nice bonus!

 

[Sleeper 7]

MSRP increase plus average APR is 9.2% and now your trade value is worth 30% less. The only value you will find now on a vehicle is at the auction.

 

[BradnChristine]

And the re-sale value of hybrids is terrible. I think its a financial loser.

Carvana didn't get the word on my 6 yr old 2017 C-Max Hybrid. It's offer has been in the $19,000 offer range all year.

 

[xplorguy]

$500 Farm Bureau credit, have to join one of the farm bureaus and be a member for 30 days to print out the certificate to take to the dealer. Like Cook County: https://cookcfb.org/membership/why-become-a-member

What category of Farm Bureau Membership is required for the credit? Does Associate Membership get it done?

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