My fully loaded Raptor now is $102k plus some change out the door and that’s at MSRP so I’d say a ‘22 or pre price increase ‘23 for a $107K isn’t too bad considering I’ve got no clue when I’m going to get mine. I’ve still got nothing!
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Appears to be 13 (updated now 16!) Raptors in stock at Ford Country, Henderson, NV (large ~$45k ADMs)
Never thought about that. Still wondering if I should purchase an extended warranty. My brother got a great deal on one for his first edition. I think around $1600. But can’t remember.
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I lose money trading stocks regularly. Sometimes it just doesn’t play out as anticipated. but….No risk, no reward.They keep dropping. They are dropping so slowly they must be very close to break even or already losing money. About $500 lower for almost all of them in the last day or so. Still 12 avail. Sleep in the bed you made Ford Country.
If BaT shows a reasonable market value and if they can get this amount for all 12 and they are near the average purchase price, this should be a nice eventual loss of about $200k.
Im guessing they’ve been printing money reselling Broncos since late 2021, but got caught out on these Raptors as the macro car market has transitioned from sellers to more balanced over last 12 months. I’m pretty sure their trading book will survive this.
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- Thread starter
- #97
Yes. Personally I'm more of a buy and hold guy, but I digress.
I'm sure this dealer will survive any potential associated losses. Still very satisfying to see a bet, which certainly punishes us enthusiasts, go a bit sideways.
I subscribe to the thread to watch the losses
I can’t wait till the flippers start getting burned too
I can’t wait till the flippers start getting burned too
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I do!
free market doesn’t guarantee profit
I like seeing people lose then the meltdown from ‘why’
it’s the risk! Not everyone wins
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- Thread starter
- #102
I think I stated my support for capitalism prior in this thread. I believe one can hold seemingly contradictory beliefs when price gouging effects them personally.
Also, this case in particular highlights some particularly greedy and risky behavior (initial $45k ADMs and purchasing 10x many dealers annual allocations).
It also seems clear FMC doesn't think ADMs are good and they are the epitome of capitalism.
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- Thread starter
- #104
NP at all. We need good discussion here.
I understand that legally/formally price gouging refers to large price increases on essential commodities in disaster situations. I'm using the term pejoratively and I think it's commonly done. I don't think anyone is confused by ADMs and the formal definition when used as I did.
I guess I just don’t see the issue. You either pay the price they’re asking or you don’t. The market will dictate the value. These guys are attempting to do doing what every business should, make money. With limited inventory, times are tough for dealers.
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