2024 Order Bank

[MavMaven1]

i am going to go out on a limb and state that i do not believe the 2024 order bank will close. Two main reasons and one unknown.

1. Twice the capacity - if Ford does what they say and add additional production
2. Hybrid Price increase - a lot of people were buying for the mileage. Mileage is still there, but at what cost when you can get an electric vehicle with a $7500 tax payer rebate.
3. Unknown - Economy - many still predicting a recession soon. even if the order bank closes there may be many that won't take delivery.
4. Bonus - Hyundai already offered $2000 rebate on 2023 Santa Cruz over the July 4th holiday suggesting low demand.

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[Mikeetch]

The most affordable EVs don't have enough range for me to consider one!

 

[commadorebob]

i am going to go out on a limb and state that i do not believe the 2024 order bank will close. Two main reasons and one unknown.

1. Twice the capacity - if Ford does what they say and add additional production
2. Hybrid Price increase - a lot of people were buying for the mileage. Mileage is still there, but at what cost when you can get an electric vehicle with a $7500 tax payer rebate.
3. Unknown - Economy - many still predicting a recession soon. even if the order bank closes there may be many that won't take delivery.
4. Bonus - Hyundai already offered $2000 rebate on 2023 Santa Cruz over the July 4th holiday suggesting low demand.

1. Only 50% capacity increase over last year. Mathematically, going from two to three shifts is a 50% increase... at best.
2. The hybrid buy-up will turn some people off, but I don't think enough to make a material difference as XLT and Lariat already had the buy-up last year. Plus, the EV $7,500 tax credit requires you owe $7,500 in taxes. It is not a refundable credit meaning if you only owe $1,500 in taxes, you will only get $1,500 in credit. To get the full $7,500, TY22 required an income of $69,271 with no deductions if single; $93,867 with no deductions if married; more if you have deductions. The median household income in 2021 was only $69,021. So, it's basically a credit to help people buy cars they can already afford.
3. Interest rates will be a factor, but it hurts more with used cars and third-party financing. Ford Credit can undercut the prime rate if sales drop. But that doesn't impact order banks today.
4. Meaningless. Ford was already outselling the SC and it wasn't even close. (Though I did get an up close look at one this week. It isn't a bad little truck SUV with a bed.)

If order banks do not close, it will only be because dealers did what they were instructed to do and only ordered what they had for allocations and Ford will leave it open for future EB orders.

That's my prediction: order banks for hybrids close later this week while EBs will be allowed to remain open for longer.

 

[BluegrassNbass]

The most affordable EVs don't have enough range for me to consider one!

Plus you have to plug it in like a vacuum. Silly people.

 

[Lugnut]

Two weeks tops. Hybrid maybe sooner.

 

[Robert C]

i am going to go out on a limb and state that i do not believe the 2024 order bank will close. Two main reasons and one unknown.

1. Twice the capacity - if Ford does what they say and add additional production
2. Hybrid Price increase - a lot of people were buying for the mileage. Mileage is still there, but at what cost when you can get an electric vehicle with a $7500 tax payer rebate.
3. Unknown - Economy - many still predicting a recession soon. even if the order bank closes there may be many that won't take delivery.
4. Bonus - Hyundai already offered $2000 rebate on 2023 Santa Cruz over the July 4th holiday suggesting low demand.

They will not be open for more than one week.
And that's even Ford taking way more orders than they know they can build - again.

 

[Mav_RICK]

Highly unlikely that they stay open. Today is only the third day.

 

[Old Man]

EV credit next year is done at the dealer with no regard to income tax criteria.

Not many EVs qualify for the credit because of the battery/assembly location requirements and expected to be fewer as battery material requirements increasing each year.

If Ford had introduced the Maverick starting at $21,500 with the hybrid would people still of been in a frenzy as when it was $20,000? Yes. People are being unrealistic that they are charging the true cost of it now.

If you can't afford to buy this low cost of new vehicle with the current interest rate then you probably shouldn't. We've had artificially low rates the last few years and are now getting back to more normal rates.

 

[woozoo]

You're not accounting for all the new fleet orders that will be coming in. It'll probably close within 2 weeks.

 

[fossil]

3. Unknown - Economy - many still predicting a recession soon. even if the order bank closes there may be many that won't take delivery.

While anything is possible they've been saying that for over 2 years. Despite the FEDs best efforts a lot of credibility lost for the so called experts. Your average weatherman has a much better track record.

 

[MavMaven1]

1. Only 50% capacity increase over last year. Mathematically, going from two to three shifts is a 50% increase... at best.
2. The hybrid buy-up will turn some people off, but I don't think enough to make a material difference as XLT and Lariat already had the buy-up last year. Plus, the EV $7,500 tax credit requires you owe $7,500 in taxes. It is not a refundable credit meaning if you only owe $1,500 in taxes, you will only get $1,500 in credit. To get the full $7,500, TY22 required an income of $69,271 with no deductions if single; $93,867 with no deductions if married; more if you have deductions. The median household income in 2021 was only $69,021. So, it's basically a credit to help people buy cars they can already afford.
3. Interest rates will be a factor, but it hurts more with used cars and third-party financing. Ford Credit can undercut the prime rate if sales drop. But that doesn't impact order banks today.
4. Meaningless. Ford was already outselling the SC and it wasn't even close. (Though I did get an up close look at one this week. It isn't a bad little truck SUV with a bed.)

If order banks do not close, it will only be because dealers did what they were instructed to do and only ordered what they had for allocations and Ford will leave it open for future EB orders.

That's my prediction: order banks for hybrids close later this week while EBs will be allowed to remain open for longer.
[/QUOTE

you are correct about the 7500.00 rebate for now on purchases, but if you lease no need for tax credit. the 7500.00 is applied as lease credit and there are no battery origin requirements.

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