Falling Retail Prices? Here's Some Evidence

[Ponchsox]

One thing to consider is rising gas prices. It jumped .10 a gallon here today. If this continues, demand for hybrids should remain high as people look to get out of gas guzzlers. We’ve already seen the peak a few months ago on Maverick prices, but I don’t see the bottom falling out any time soon.

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[StevieK]

I have not seen a new Mav hybrid in SoCal for less than $6,500 over msrp. New EB’s are available at msrp.

 

[MAVornoMavisthequestion]

MMR still seems decent and above msrp. This is for XLT. All these prices are based on these Manheim Market Reports.

 

[rmay635703]

If they cared about value they wouldn't have paid 37k for a 29k vehicle. Not everyone thinks the same. Others have the tough choice of paying ADM mark up or walking from their truck. Personally I'd walk lol!

This is the end result of a $10k market adjustment

 

[GreenLady]

Glad you’re enjoying your new truck!!

This was my original color and equipment choice so this one will be with me for a long time. I ’m more like a 10+ years vehicle person coincidentally my first vehicle was a shiny blue 73 Dodge van and what might be my last vehicle is a 23 blue Maverick, pretty much the same blue but more matte. The only 2 blue vehicles in my repertoire!

 

[GreenLady]

it's not a surpise that the used car market is down for Maverick. I estimated 20% of my23 order were intended for resale by flippers. The filppers really inflated the unreal demand.

I believe you’ll find the used vehicle market as a whole is getting back to trading like it used to. There will always be the collectibles but will the Maverick be one of those? I guess in 50 years you’ll know

 

[GreenLady]

One thing to consider is rising gas prices. It jumped .10 a gallon here today. If this continues, demand for hybrids should remain high as people look to get out of gas guzzlers. We’ve already seen the peak a few months ago on Maverick prices, but I don’t see the bottom falling out any time soon.

Florida is one of the states that has inflated gas prices. Since I’ve owned my Maverick(s), 19 months next week, I’ve only bought gas in FL twice and that was only a couple gallons to get over the state line to more reasonable prices. With my monthly trips I buy my gas in GA and SC where gas has been anywhere from $.30-.60/gal lower.

 

[Last Truck Ever]

I see it on lots of things, but Mavericks are still holding additional value. That will be gone within a year.

Just FWIW, my local dealer has 4 gently used Mavs on the lot right now that have been there for at least 3-4 weeks, don't appear to be going anywhere. All low mileage, all with ADM's. Previously, any that showed up were gone quickly. At least in my local area, it does appear that bubble has burst. I think the guys placing multiple '24 orders with the intention of getting rich off them are in for a letdown.

 

[GyroRon]

I am sensing a price loss on these as well. I actually predicted this would happen at some point this summer.

I myself am in a bit of a predicament now because of it. I initially ordered 4 mavericks back in Sept just hoping that 1 would get selected for production. I was tempted many times to jump the gun and just pay over sticker for someone else's turned down order, or even a slightly used one but I knew eventually prices would drop so I held out hope 1 of the 4 I ordered would get built. About a month or so ago, I got lucky and my dealer sold me a truck someone else ordered then decided not to buy, a Hybrid XLT for MSRP. So at least I had a maverick finally... and didn't overpay... But then less than a week later I got a email from ford that 1 of the 4 I ordered was going into production.

I plan to buy the one I ordered that's due to be built late august, and sell the one I am in now. I did a online appraisal with Carvana yesterday for the one I am in now, 2023 XLT hybrid with just co pilot and hitch as options and only 1000 miles on it, and their offer was 29 grand and change. About $1000 more than I paid for it out the door. The truck I ordered will run me close to 30 grand out the door, so I WAS HOPING I could sell the one I am in now for at least that much, if not more... But now I am having some doubts.

And since Ford is offering private cash rebates to match 2024 pricing to the same as 2023 pricing, I let the dealer carry my unscheduled 23 orders over as 24 orders... thinking I could easily flip them for a small profit as my price would be thousands under MSRP after the rebate. And now I am wondering if that is worth doing. I suppose it won't hurt to let that process play out, worse that happens is when or if the 24's are built I could walk away from them and let the dealer have them.

 

[JBryant]

Market values are NOT falling in TX. Just traded in my wife's 23 XLT hybrid that had an MSRP of $28,600 on her 23 Lariat hybrid that had an MSRP of $35,300 and got $34,000 trade in allowance. The dealer sold it the next day for $37,500. That does not sound like falling values to me.

 

[ClemsonU88]

Or people are starting to realize its insane to give a dealer imaginary money simply because they asked. I really cant wait to see whats going to happen when the people who paid $5-10k over for a 22-30K vehicle end up underwater when the hype/market adjusts.

That used to be everyone who bought a new car. Before the pandemic and supply chain shortage, a new car ALWAYS lost thousands of dollars of value the minute you drove it off the lot.

I bought a new Dodge Neon the 2nd or 3rd year they came out and was upside down on it (owed more than it was worth) for 3+ years.

So anyone who overpaid and is now upside down is just getting a taste of how it was for new cars pre-pandemic.

 

[Chicolini]

One thing to consider is rising gas prices. It jumped .10 a gallon here today. If this continues, demand for hybrids should remain high as people look to get out of gas guzzlers. We’ve already seen the peak a few months ago on Maverick prices, but I don’t see the bottom falling out any time soon.

Bingo! We have a Winner!

Gasoline prices are the secret sauce when computing the market value of a Maverick, particularly a Maverick Hybrid.

Three days ago regular cost me $3.559, yesterday it was $3.699.

The number of rigs drilling for liquids has been declining for several months now.

Exxon's Baton Rouge refinery has two fluid catalytic cracker units, and one unit reportedly has been shut since Thursday when it tripped offline. Monday, Exxon announced that the cracker will be down for several weeks while repairs are made. The RBOB futures contract went up 10% in five days.

The question you need to ask yourself is, what is a Maverick worth if gasoline is back to $5 a gallon.

 

[bearsfan647]

I assume the majority of people who paid a lot of money for theirs did so because they wanted it now and were willing to spend more to get it now. And understood just like anything new that's high demand, as supply catches up, value will drop. People either have enough money that they don't care, or they plan to drive it until it's only worth it's weight in scrap metal so how much it's worth mid ownership means absolutely nothing.

A car is a depreciation asset. Unless it’s a collectible it’s not going to hold or appreciate in value.

Again.... we all know that. No one argued that it is. I am arguing is dumb to pay imaginary funny money on a depreciable asset

I'm not sure why so many are replying to me with points like this. Must have hit a nerve. No one can convince me paying imaginary money on a budget vehicle is a smart idea.

That used to be everyone who bought a new car. Before the pandemic and supply chain shortage, a new car ALWAYS lost thousands of dollars of value the minute you drove it off the lot.

I bought a new Dodge Neon the 2nd or 3rd year they came out and was upside down on it (owed more than it was worth) for 3+ years.

So anyone who overpaid and is now upside down is just getting a taste of how it was for new cars pre-pandemic.

Or people buy a vehicle without a markup and not deal with that at all?

the excuses made for ppl paying over $5-10k in imaginary money for a budget vehicle are wild. It’s exactly why they exist in the first place.

 

[LSchicago]

it's not a surpise that the used car market is down for Maverick. I estimated 20% of my23 order were intended for resale by flippers. The filppers really inflated the unreal demand.

Probably 35%.

 

[KrayzieMav]

Dunno if this is an anomaly, but Vroom just offered me $8,000 UNDER MSRP for my 23 with 1,000 miles on it. 2 weeks ago, they were offering a few grand OVER. like a $10k swing in 2 weeks thats pretty crazy

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