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It May Be Time To Consider Buying A Used Ford Mustang Mach-E

The Ford Mustang Mach-E has remained in high demand and short supply since its launch, meaning that prices have historically stayed rather high, though they also fluctuate considerably depending on geographical region. With plenty of folks in the market for a new Mach-E, the EV crossover has also remained one of the top used vehicles selling for more than new, with considerable demand that prompted Ford to close 2023 model year order banks in early March as it works to keep up. However, there are signs that things are beginning to change, according to new data from iSeeCars.

The Ford Mustang Mach-E ranked among the top 20 lightly used models with the biggest savings over new, in fact, as the EV crossover is selling for 21.1 percent less on the used market than the new one, on average. That equates to a significant $13,430 difference, while the average used Mach-E is listed for $50,086. It’s joined by a couple of other EVs – the Audi e-tron and Volkswagen ID.4, both of which are selling for more than 20 percent less used versus new. “All of these models have been on the market for over two years, and are facing a growing list of newer EVs that offer improved features or longer ranges,” said iSeeCars.com Executive Analyst Karl Brauer.

This is certainly notable given the fact that the average used car is selling for 8.1 percent or $3,701 less than its new counterpart, and could very well be due to the fact that the Mach-E has entered its third model year already. However, this change could also have a lot to do with the fact that the supply of Mach-E crossovers has increased over the past couple of years as the automaker aims to ramp up production with a goal of producing 270k Ford Mustang Mach-E models next year.

Then there’s the matter of new Mach-E pricing, which rose multiple times over the past couple of years before FoMoCo slashed them back in late January. This move followed similarly large price cuts of its chief competitor – the Tesla Model Y – but according to the automaker, these Mach-E price fluctuations are tied to commodities costs, with the recent price drops reportedly planned well in advance.

We’ll have more on the Mach-E soon, so be sure and subscribe to Ford Authority for more Mustang Mach-E news and comprehensive Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Bill

    Only if Towing 2250lbs would be alowed.

    Reply
  2. Mark B

    I don’t know how used EV’s are valued. I don’t think that they can be depreciated using the same metrics as ICE vehicles. Mainly due to a fixed life for the battery packs using the popularLithium-Ion battery chemistry.

    As most are aware, replacing one of those can be hugely expensive. And they do have a fixed life as well as reduced charge percentage over its life.

    So, until it’s understood how residual value is determined, I think I’ll sit on the sidelines.

    Reply
    1. RWFA

      Do they? They have warranties of 8 – 10 years, that they will have 70% of original range at a that time.

      This is adequate for a vehicle that have 130 to 150,000 miles in them at this point. Which by that time is essentially a 2nd or 3rd owner car.

      Reply
  3. Ford Owner

    The life of a lithium battery is about 20 years or more. So you will be replacing your gas engine sooner and probably more than once for a much higher cost in that same period. My 2014 Fusion Hybrid battery is ten years old but I still get over 40 MPG every day.

    Reply
  4. Jon

    I’ve driven my MachE for six months (6,000 miles), and could sell it today for more than I paid new for it.

    Reply
  5. John

    I don’t want a CUV for old women. Hard pass.

    Reply
  6. Bob

    The base Mach E range was too low, 210 miles. Highway range is even less. As a daily commuter it may be ok, but that’s a lot of cash for a city car.

    Reply
  7. C

    I’d get one but the cost is still a lot for a used vehicle, even with a Ford A Plan for a new.

    Life can be like that.

    Reply

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