ice-capades Posted January 22 Share Posted January 22 (edited) Ford EV Invoice Pricing Change Will Be Introduced Next Month https://fordauthority.com/2024/01/ford-ev-invoice-pricing-change-will-be-introduced-next-month/ With demand for all-electric vehicles lagging behind expectations in the latter part of 2023 – a trend that can largely be attributed to high prices – planned 2024 Ford F-150 Lightning production at the Rouge Electric Vehicle Center has been cut in half, while both the EV pickup and the Ford Mustang Mach-E are now eligible for X-Plan pricing – which wasn’t the case before. Regardless, even with Mach-E inventory dropping and dealers now being allowed to advertise the EV crossover at prices below MSRP, there’s much work to be done to entice customers to purchase those models. Ford has long been working to make the process of purchasing an EV simpler as well, and now, those efforts will continue with updated invoice pricing that’s set to arrive next month, according to CarsDirect. According to a recent dealer bulletin, Ford will change the way that it calculates EV invoice prices starting February 9th. Starting on that specific date, Ford will include dealer holdback on all of its F-150 Lightning, Mustang Mach-E, and E-Transit invoices, which is essentially a discount that gives dealers the ability to discount models on their lots. The percentages that apply to each of these models does vary slightly, however. While the Mustang Mach-E is getting a dealer holdback that’s equivalent to two percent of the model’s MSRP, the F-150 Lightning and E-Transit will get a larger four percent holdback. Previously, this wasn’t the case for any of these models, as the Mach-E utilizes an “e-invoice” that included a one percent delivery allowance, one percent ad convenance allowance, and two percent for dealers that remained “EV Certified.” Interestingly, this move does signal a shift away from CEO Jim Farley’s desire to switch to a fixed-price model for the company’s EVs, which is currently utilized by companies like Tesla and Rivian. Instead, it gives shoppers the ability to potentially negotiate a better price, and is undoubtedly being driven by decreased demand for EVs in general. Edited January 22 by ice-capades Additional Content Quote Link to comment Share on other sites More sharing options...
Deanh Posted January 22 Share Posted January 22 another case of the "better way of doing things" failing miserably? 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted January 22 Share Posted January 22 3 hours ago, Deanh said: another case of the "better way of doing things" failing miserably? Absolutely. There’s over 8,300 Lightnings at dealerships nationwide and I bet they can’t be moved without a healthy incentive. The numbers are going up by about 1300 a month so hopefully, incentivised sales will see ~5,000 a month… Quote Link to comment Share on other sites More sharing options...
Deanh Posted January 22 Share Posted January 22 (edited) 21 hours ago, jpd80 said: Absolutely. There’s over 8,300 Lightnings at dealerships nationwide and I bet they can’t be moved without a healthy incentive. The numbers are going up by about 1300 a month so hopefully, incentivised sales will see ~5,000 a month… Ford has countered by cutting back Lightning production....AGAIN.... Edited January 23 by Deanh Quote Link to comment Share on other sites More sharing options...
jpd80 Posted January 22 Share Posted January 22 32 minutes ago, Deanh said: Ford has countered by cutting back Loightning production....AGAIN.... Yeah but, the cuts aren’t until April so that probably means Lightning dealer stock will go to +10,000. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted January 24 Share Posted January 24 Tesla just announced a $15 billion nett profit for 2023….something like 1.2 million Tesla Ys alone sold in 2023 Quote Link to comment Share on other sites More sharing options...
Deanh Posted January 24 Share Posted January 24 2 hours ago, jpd80 said: Tesla just announced a $15 billion nett profit for 2023….something like 1.2 million Tesla Ys alone sold in 2023 i wonder if that includes profits from the any financing arm? Quote Link to comment Share on other sites More sharing options...
jpd80 Posted January 25 Share Posted January 25 3 hours ago, Deanh said: i wonder if that includes profits from the any financing arm? I’m sue it did, the last figures I saw were for Q3 and they were impressive ($2.2 billion revenue?) This commentary on the current result: https://finance.yahoo.com/news/tesla-inc-tsla-posts-record-225430663.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAG0P0XzrmSuE7R3KfDGy3E0EFbbCxz18IcZ4fKOUXv8KCeUJP55V2f48JQT9GV300GMhs27symtf41OadwDTAMVzm0Bw26jvyURrFYFTzolMlQwOft7GK7Ij79l74MVXcijwLjcATjqTbUkaDPDz7j32M3hDJRZvodIr2gh1VrLl The company's GAAP net income for the year was $15.0 billion, with $7.9 billion recorded in the fourth quarter alone, largely due to a one-time non-cash tax benefit of $5.9 billion. This benefit was related to the release of a valuation allowance on certain deferred tax assets. Tesla's diluted GAAP EPS for Q4 was $2.27, and for the full year, it was $4.30, marking a 19% increase YoY. Quote Link to comment Share on other sites More sharing options...
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