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Prices Paid: Buying & Leasing Experiences Ford Taurus X Prices Paid and Buying Experiences
765 messages, Last post on Nov 27, 2009 at 10:28 AM
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Replying to: seloo (Feb 10, 2009 6:33 am) Here is the current situation: Dealers: - Invoice Price - Rebates is a standard deal for this car. - Dealers still have at a minimum 3% holdback on these cars (roughly $1K). - To date, Ford has not provided any additional factory to dealer incentives on this car. - Sales for this car continue to be extremely slow. Ford's current strategy is to slowly reduce the inventory through cash incentives. Buyers: - Due to its extremly poor resale value, buyers (in large numbers) are not motivated to purchase this car (even at invoice price - rebates). - The TX used car market is keeping some new car buyers out of the market. It is a waiting game! |
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I've been watching the market for used 2008 Taurus' and it seems like the dealers aren't buying any more. Not much change in the selection since December. Maybe a couple cars per month within 50 miles of my house (central MA). Are they just piling up in the auction house parking lots? Are owners (mostly rental outfits) just holding onto them instead of sending them to auction? Are there better sites than Cars.com and Vehix.com to find them? Thanks, Jim
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Replying to: jgir (Feb 16, 2009 1:41 pm) Good questions. Ford sold 19,000 fewer new units of this model in 2008 (45% decline from the year before), where are those unsold cars? There are some on the dealers lots, but I do not think there are 19,000 new TXs on the lots. Maybe corporate fleets? Does anyone know? Does anyone know the total TX production for 2008? Based on last year's sales numbers, I am guessing that about 3,500 new units were produced monthly??? I understand that Ford slowed production in the 4th Qtr, they may account for about 2-4K of the units, that still leaves about 15,000 unsold units. Of the units sold last years, about 55% was to corporate/rental fleets, that means about 12,000 units are coming to the used car market after they have been in service for 8-12 months. Also check autotrader and myride. Some dealers are cutting back on advertisement, you may need to go directly to the dealership' s web site to find these cars. Good Luck!
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Replying to: seloo (Feb 16, 2009 4:17 pm) Myride.com includes a lot more possibilities. It appears to be a browser of many sites like cars.com, most of which I've never heard of. This should keep me occupied! Very interesting... thx, Jim
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Replying to: jgir (Feb 17, 2009 5:15 pm) We need to see $6-7K rebates before this car becomes interesting!
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Replying to: seloo (Feb 19, 2009 6:32 pm) In this area they're down to about 25 remaining 2008s from 40 in November. I've got a local dealer looking through the auctions for an EB/limited and hope to find something in the next 1-3 weeks. |
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Auction Prices increased in February, if a TX was recently purchased at the auction, it is not the time to buy a used TX. Dealer mark-up on this car continues to be $3.5-4.5K. This price increase is likely to be short-term situation.
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Replying to: seloo (Feb 27, 2009 5:11 pm)
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Replying to: superm (Mar 01, 2009 9:21 am) This is a supply and demand issue for used cars due the lack of people trading-in cars because they are not purchasing new cars. It will be interesting to see how long this lasts, before to car companies increase incentives to move new 08s and 09s. Wholesale Prices Rebound in January After the worst fourth quarter on record, wholesale used vehicle prices (on a mix, mileage, and seasonally adjusted basis) rose significantly in January. The 3.8% increase during the month put the Manheim Used Vehicle Value Index at 101.7 and reduced the year-over-year decline to -6.8%.
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Replying to: seloo (Mar 01, 2009 11:21 am) Same story sales continue to fall for this car. Maybe Ford was able to effectively manage inventory for this car? Could see some real bargains later this year. Do not recommend the purchase of a new or used TX at this time.
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