After debuting to much fanfare, the Ford Mustang Mach-E was in short supply and high demand for some time. This meant that many new examples were selling for more than MSRP, and even in the used vehicle market, it wasn’t uncommon to see the EV crossover selling for more than new as well. However, now that early adopters have moved on and inventory has grown – coupled with a decline in EV demand in general – the Ford Mustang Mach-E has become a more affordable option, and it even ranked among the top 20 used models with the biggest savings over new in research conducted by iSeeCars last spring. Now, that position has only become more solidified, according to new data from the same organization.
The Ford Mustang Mach-E has once again ranked as one of the top 20 vehicles to buy used rather than new by iSeeCars, as it offers tremendous value in that regard when compared to the overall market. After analyzing 1.6 million new and used car listings between January and March 2024, iSeeCars found that the average used Mach-E was listed for $38,543, which is $16,364 or 29.8 percent less than the average new version of the same model. This is notable given the fact that on average, iSeeCars found that used vehicles are selling for $5,778, or 12.8 percent, less than their new equivalents.
“Car buyers seeking the best value often shop used models instead of new,” said Karl Brauer, iSeeCars executive analyst. “While a used car almost always costs less than it did new, some models lose more than 25 percent of their value after just one year, giving buyers a near-new ownership experience at a substantial savings.”
Much of this sharp decline in used Ford Mustang Mach-E pricing can be attributed to declining demand for EVs in general, though the Mach-E still remained one of the most popular used EV targets for shoppers in that segment last year. However, this phenomenon clearly has a lot to do with pricing as well – in fact, as Ford Authority recently reported, new Mach-E sales skyrocketed following Ford’s decision to slash prices on leftover 2023 models earlier this year.
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.
Comments
A good deal if you can afford it. Nearly $40K for a used car is still out of reach for most people.
Yeah your should consider if you want half battery life with longer recharge time. You pay for what you get and there’s no accurate measurement
Not sure where half battery life and longer recharge time figures in. I have a ’23 extended range prime with 11k miles. 98.9% battery life and range has actually gone up from 288 when new to 301 now. Came home a couple weeks ago with 6 miles of range remaining – placed on charger in garage at 6pm – ChargePoint charger turns on at 11pm – 301 range at 7.11am – for $4.58. Not bad compared to filling my wife’s ICE car with $45 of fuel to get the same range! Oh and WAY more fun to drive
I am glad I leased mine…as it is being returned. What started out as a pretty nice car has gone downhill…. Nearly every software update creates some other issue. The performance has degraded (probably from said software updates)…the battery is exhibiting signifcant degradation (about 12% loss) the recall that was issued last October still hasn’t been fixed and I drive around in a vehicle that can leave me stranded at any time. Driving dynamics are good, car is nice size, but the rest of the drivability has been a steady decline. I had planned on purchasing at end of lease….now I can’t wait to be rid of the vehicle.
You realize any car can leave you stranded at any point right? Also in relation to the article unless paying cash buy used is a horrible idea right now as you can finance a new one at 0% for 72 months. Used you are looking at around 7%.
I have had zero problems with my 2022 model so far. No problems with software updates, they have been an improvement generally. Roomy, great handling, responsive. Battery life still great although range goes down in cold weather (maybe that is the issue that the other commenter is having?).
I do think Ford should speed up the fix on the battery contacts given the potentially serious problem; although I personally have had no issues as I don’t use max. acceleration and use fast charging only on long trips. They fooled around with a software solution that didn’t fix the problem, should have stepped up and dealt with it. I also wish they would speed up the Tesla charging network adapters and compatibility, although I applied them for taking this step. I sometimes have trips through central Pennsylvania and CCS charging stations are few (and sometimes closed) while Tesla has pretty good coverage; availability of fast charging on trips is my only real issue so far.
I bought my ’23 in February ’23 in Portland from the first dealer selling at MSRP (all dealers were about $5k over atm). I kinda had a feeling this would be the case.
My car was recently totaled out. I’m not looking for another EV. Buying a new car was a first for me last year, but I felt like the stars were aligned then ($7.5k credit, OR credit, used were over inflated), but not now I don’t think this is the case. It’s more the value proposition than just the cash savings.
I almost feel like I have bias error reading this article because it’s spot on to what I’m seeing firsthand. I think it’s a better value to take a $4k used credit (the issue being the hard cap $25k).
Intuitively, it seems like a better value proposition to buy used. The struggle is finding a ’21 or ’22 under $25k with an extended battery. Select has the lower range. All of the premiums seem to have the standard battery pack that are used. The ’23 California RT 1 I had was extended, as it looks like most of the ’21 & ’22 RT 1s have an extended battery, but it’s difficult at the price cap (forget a GT <$25k).
The biggest takeaway in the article from iseecars is that huge disparity between MME depreciation in the first year now compared to other vehicles: $16k vs $5k. Reading that solidified my decision not to buy new again. I loved the car, but I'll let someone else take that depreciation hit.
Re: interest rates. My loan was at 5.8%. The fact that they're offering 0% interest is usually indicative of a manfucturer absorbing the finance costs (especially since their finance costs have gone up). This is a tactic to increase (prop up) sales with an increase in supply (there's no 7 month wait anymore). You save $3k in interest year 1. You lose $11k in depreciation MORE than other new vehicles ($16k – $5k).
This was a well written article! I'm lucky I found it.