Well the party is over sub $55k drive away

V8KOOP · Sep 16, 2017

I have heard that GT Manuals are now sub $55k drive away. Melbourne dealer "over 80 in stock" every colour..... last weekend.
Clearly the dealers have given up on the Mustang as they have just killed their resale value. Don"t get me wrong, business is business, when you have dead stock you just need to convert it to cash. Just happened quicker than I expected.
I wonder what sort of run the 2018 will get, maybe 6 months?

Azairious · Sep 16, 2017

still going for around RRP here on the gold coast

Aus-MustangGT · Sep 16, 2017

52k drive away, glad I got out before it sunk too much

Mick · Sep 16, 2017

V8KOOP said:
I have heard that GT Manuals are now sub $55k drive away. Melbourne dealer "over 80 in stock" every colour..... last weekend.
Clearly the dealers have given up on the Mustang as they have just killed their resale value. Don"t get me wrong, business is business, when you have dead stock you just need to convert it to cash. Just happened quicker than I expected.
I wonder what sort of run the 2018 will get, maybe 6 months?

Please follow my "Mustang oversupply" thread and add to it. I hope Ford read it. The way Ford has accelerated the depreciation on a new car, that's only been on the market for less than two years, is nothing short of stupid.

Frostee · Sep 16, 2017

In fairness I don't think Ford is fully answerable to this.

Ford doesn't control the prices. Dealers purchase stock and then sell at whatever price hey like.

Dealers have ordered stock in anticipation of sales, and the sales have dropped off with the announcement of the 2018 refresh. In the case of the Bayford sale the other weekend, they promoted having some 80 vehicles for sale. Clearly they overestimated demand and needed to move stock. It's the classic rule of supply and demand.

Now one could argue that Ford could have limited supply to Australia, but that's another discussion.

It's a buyers market right now. My dilemma after quitting my Mustang earlier this year is whether I buy back ion on the current model at a significant saving, or wait for the 2018.

https://www.bloomberg.com/news/articles/2017-08-04/ford-s-mustang-has-an-iphone-problem

Mick · Sep 17, 2017

Frostee said:
In fairness I don't think Ford is fully answerable to this.

Ford doesn't control the prices. Dealers purchase stock and then sell at whatever price hey like.

Dealers have ordered stock in anticipation of sales, and the sales have dropped off with the announcement of the 2018 refresh. In the case of the Bayford sale the other weekend, they promoted having some 80 vehicles for sale. Clearly they overestimated demand and needed to move stock. It's the classic rule of supply and demand.

Now one could argue that Ford could have limited supply to Australia, but that's another discussion.

It's a buyers market right now. My dilemma after quitting my Mustang earlier this year is whether I buy back ion on the current model at a significant saving, or wait for the 2018.

https://www.bloomberg.com/news/articles/2017-08-04/ford-s-mustang-has-an-iphone-problem

Depends on how much you like MY18. RRP will be up and discounts should be scarce at first. But then again......lol. Could be about $15k cheaper at the moment. Maybe more? Can you go Pony- less for a while?

Stang_Life · Sep 21, 2017

These prices must be in Victoria. Last time I checked, nothing close to that here in NSW!

GT 550 · Sep 21, 2017

Victoria is currently the place to buy.

Mick · Sep 21, 2017

GT 550 said:
Victoria is currently the place to buy.

Some would say, it's the place to be. I'm not one of them:lol:

Hellman109 · Sep 21, 2017

Mick said:
Some would say, it's the place to be. I'm not one of them:lol:

If Melbourne has Brisbane's weather it would be perfect.

Melbournes weather sucks

Mick · Sep 21, 2017

Hellman109 said:
If Melbourne has Brisbane's weather it would be perfect.

Melbournes weather sucks

This has to be the worst spring ever, in Melb. Most livable City? wtf I need to get back to South CAL. Car and weather heaven.:hail:

mattstang1 · Sep 21, 2017

Got my auto GT a month ago in Sydney for $60k.

Mustang GT007 · Sep 21, 2017

V8KOOP said:
I have heard that GT Manuals are now sub $55k drive away. Melbourne dealer "over 80 in stock" every colour..... last weekend.
Clearly the dealers have given up on the Mustang as they have just killed their resale value. Don"t get me wrong, business is business, when you have dead stock you just need to convert it to cash. Just happened quicker than I expected.
I wonder what sort of run the 2018 will get, maybe 6 months?

You don't buy new cars to make money??
You certainly don't buy a Mustang for resale value. Unless you plan holding it for the next 50 years.
Enjoy the Mustang and drive it every day to put a smile on your face.
Pumps on my Audi S5 i had that cost me more than double that price. :headbang:

Mick · Sep 21, 2017

Mustang GT007 said:
You don't buy new cars to make money??
You certainly don't buy a Mustang for resale value. Unless you plan holding it for the next 50 years.
Enjoy the Mustang and drive it every day to put a smile on your face.
Pumps on my Audi S5 i had that cost me more than double that price.

Of course you don't buy cars to make money. But we don't need stupid dealers, accelerating normal depreciation, with heavy discounting. Ok, so i could go out and buy that great C63s vert now. But i have a self imposed $100k on any car. Will let someone else take the $70-80k hit in 3-4 years and maybe move in.

goff · Sep 21, 2017

Check again....Some dealers have put the prices back up to 60000 Car trade can be fickle

Well the party is over sub $55k drive away

V8KOOP

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Azairious

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