4,886 Hybrid Mavericks were sold in Q3 2022. Now make up half of Maverick sales for 2022

[Impetus19]

What does Ford consider a sale? When a dealer takes possession? Or when a customer takes possession?

Revenue is recognized when either the dealer takes possession or when the vehicle is shipped to the dealer. Depends on when the contractual performance obligation is fulfilled.
It is likely FOB, in which case as soon as the vehicle is shipped the sale is recognized.

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[NoMavJoe]

The figures listed in this thread are for Mavericks sold and not produced.

The administration posted another thread a few weeks back that had 86,000 Mavericks ordered for MY 2023 and the production year to date. It showed that year to date production was 71,000ish.

I believe that figure was up to and included September. This works out to be approximately 7,900 Mavericks built per month this year.

If FMC can build at this rate into Nov of 2023, the build will be on pace to fulfill the 86,000 new orders, but only at the 65/35 Ecoboost/Hybrid plan that FMC estimated before the order banks opened.

Maybe FMC will allow Hybrid order holders to switch to Ecoboost if so desired.

 

[Ragtime Billy Peaches]

The figures listed in this thread are for Mavericks sold and not produced.

The administration posted another thread a few weeks back that had 86,000 Mavericks ordered for MY 2023 and the production year to date. It showed that year to date production was 71,000ish.

I believe that figure was up to and included September. This works out to be approximately 7,900 Mavericks built per month this year.

If FMC can build at this rate into Nov of 2023, the build will be on pace to fulfill the 86,000 new orders, but only at the 65/35 Ecoboost/Hybrid plan that FMC estimated before the order banks opened.

Maybe FMC will allow Hybrid order holders to switch to Ecoboost if so desired.

Because the info was available before the order banks opened i don't think any new orders should be able to switch to Ecoboost, and if they are then it's to the back of the Bus.
I looked at the info and that's why i went Eco.
Sorry if that sounds harsh.

 

[Impetus19]

The figures listed in this thread are for Mavericks sold and not produced.

The administration posted another thread a few weeks back that had 86,000 Mavericks ordered for MY 2023 and the production year to date. It showed that year to date production was 71,000ish.

I believe that figure was up to and included September. This works out to be approximately 7,900 Mavericks built per month this year.

If FMC can build at this rate into Nov of 2023, the build will be on pace to fulfill the 86,000 new orders, but only at the 65/35 Ecoboost/Hybrid plan that FMC estimated before the order banks opened.

Maybe FMC will allow Hybrid order holders to switch to Ecoboost if so desired.

They produce mavericks in Hermosillo for the brazil market also. Those production numbers are not just for the US market.
Edit: They also produce them for canada there, so the US sales figures are a better estimation of what will be sent to the US.

 

[LeersMav]

https://www.mavericktruckclub.com/f...uced-86-000-new-2023-mavericks-ordered.21528/

 

[CuriousGary]

Revenue is recognized when either the dealer takes possession or when the vehicle is shipped to the dealer. Depends on when the contractual performance obligation is fulfilled.
It is likely FOB, in which case as soon as the vehicle is shipped the sale is recognized.

Thanks for reply. What is the source of your knowledge? Ford? Ford financial statements? Re your last sentence, this is known as FOB shipping point. If revenue is recognized when dealer takes possession, it’s called FOB destination point. FOB — free on board — is not descriptive enough. Sorry; it’s the accountant in me. So, excellent post. Thanks again.

 

[NoMavJoe]

Billy, doesn’t seem too harsh. You planned accordingly. But it sure appears that FMC will have the capacity for Ecoboost builds. I’d rather customers had the chance to convert an order and get the Maverick at a much better price point, and ordered to their liking.

If FMC builds dealership stock, just means higher markups for someone wanting one.

 

[ford5]

I ordered my hybrid on the first day. I hope that if Ford can't get mine built in 23, they would give me the option to switch to EcoBoost. If that happens I expect to be at the end of the EcoBoost line but I also hope I would come before dealer stock orders. We'll see how Ford prioritizes customer orders.

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