Jeep Values - Massive Decline

[NWJeepr]

Stellantis stopped the Ramcharger EV pickup development this week and now have no plans to market it. Ford has dialed back Mach E and Lightning production to nearly nothing. I'm sure Tesla is doing well and their sales are going up, it has more to do with how the company markets and operates vs any perceived benefits of gas vs electric.

Canoo is belly up. Rivian is operating on subsidies, having just been paid in excess of $6b by the outgoing administration. The USPS wants any further new mail trucks delivered to be gas, not EV. Fisker is on life support. As far as Jeep related, in non CARB states, the 4Xe is hard for dealers to sell, and thay don't really want one in trade.

EV sales may be rising, but the sales numbers are still nowhere near where the prior administration would have the auto manufacturers believe they would be. Environmental regulations and mandates weren't enough to persuade the car buying public to embrace EVs near as much as was hoped. Without mandates and subsidies do you see the situation improving for EVs?

Evs do have a place in the market. However, at this time, the vast majority of the new car buying public simply don't want to buy them. And no one wants to be compelled to buy something that they don't really want. Now that the playing field will be leveled, the free market will truly decide which vehilces will survive and wich ones wont. That's about all there is to it.

Tesla is having a rough time, consecutive quarters of declining EV sales. Multiple reasons, as I'm sure you can infer. Even then, overall EV sales growth is positive for the US.

I don't think any "mandate" helped EV's in the first place, mostly because no mandates for people to buy EV's ever existed.

It's also hard to argue that tax rebates helped because the transaction prices minus rebates never put most EV's in the same realm of affordability as ICE counterparts.

As you mentioned, EV sales continue to rise, and they do have a place in the market. Sales in the US pale in comparison to other parts of the world.

It's unlikely any automaker is going to throw away billions in investment just for 4 years of any imagined reprieve from the direction that the global auto industry is moving.

https://www.coxautoinc.com/market-insights/q4-2024-ev-sales/

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[The Last Cowboy]

Didn't they cancel the Ram EV and are focusing on the Ramcharger instead?

My mistake if I called the EV truck a Ramcharger. At any rate, they canceled it. The hybrid one, If I understand correctly, is essentially an EV with a 3.6 V6 generator. That is built on an actual Ram 1500 platform rather than an STLA Large that the EV truck was to be built on.

 

[The Last Cowboy]

The mandates were aimed ar the manufacturers in the form of unattainable CAFE standards and confiscatory carbon offset fees. Which in turn compels them to develop vehicles that reduce fines. Those fines get passed to the end consumer, the retail buyers.

And no, 4 years wont change things much, but hopefully the rules and enforcement of them that have hobbled our domestic auto industry will be removed. As I posted earlier, the free market will decide which products they want. I expect that will vary based on local/regional infrastructures, wants and needs.

As far as Europe,, industry experts there have remarked that they are at RV saturation, with consumers hanging onto has models longer and wanting more choice in new gas vehicles. I read it in an article from Allianz, but I can’t find a link ton it right now.

 

[johnparjr]

Vehicles are not investments so value goes down

 

[Jared1956]

To the OP….I 100% agree with your sentiment that the market is expecting lower prices. Jeep was by far the manufacturer who raised prices the most in the last 5 years, so they do have the most range to fall.

In addition, you just have to look at the data and see what the American consumer can really afford to see how far out of whack this market has gotten. The average consumer can afford a $35k car at best. So when we stray from that number, people are having to reach, and that always ends badly.

So, I expect to see Jeep combine options and packages to lower overall prices along with hefty rebates and dealer incentives. So would I buy a 65k Jeep right now? No way. I am buying a base 2dr Willys with no options for an OTD price of 36,999. That Jeep, regardless of what happens, will be worth 30k for the next two years. So the most I’ll lose is 6-7k….that’s a nice vacation at best so it’s within my tolerance. If I were to buy a 65k Jeep, there is a very good chance that’ll be a 45k Jeep in the next two years….20k? No thanks. So while I agree that the Jeep market is tanking and will continue to go much lower, it will not on the base model units. So if you want a new Jeep, buy something basic as a placeholder until this all shakes out.

 

[Ratbert]

My mistake if I called the EV truck a Ramcharger. At any rate, they canceled it. The hybrid one, If I understand correctly, is essentially an EV with a 3.6 V6 generator. That is built on an actual Ram 1500 platform rather than an STLA Large that the EV truck was to be built on.

The press release indicated that the Ramcharger is built on the STLA platform: https://media.stellantisnorthamerica.com/newsrelease.do?id=25436

• Built on new STLA Frame body-on-frame architecture designed specifically for full-size electric vehicles featuring a body-on-frame design that incorporates the battery pack efficiently

Some stats of interest:

• 663 horsepower and 615 lb.-ft. of torque
• 0 – 60 miles per hour (mph) in 4.4 seconds
• Towing up to 14,000 lbs. and payload of up to 2,625 pounds

 

[The Last Cowboy]

It's always been that way with Wranglers though. No trim level holds a higher resale/used value than a low option Sport/base Sport S. I say low option, as a Sport S can be optioned to a shockingly high price.

 

[Carnut12]

Stellantis is in HUGE trouble. Have you seen the new Charger, reviews says it’s the worst electric car made for the money. It cost as much as a Tesla Model S, are they insane? Not to mention it looks atrocious. RAM is the best of their Brands right now. I love wranglers I’ve owned 3, and I as well really enjoyed the prior resale values. Those days are over. I bought a 392 loaded about 3 years ago for the same price as a 3.6 or 2.0 costs today. That is insane.

 

[The Last Cowboy]

The press release indicated that the Ramcharger is built on the STLA platform: https://media.stellantisnorthamerica.com/newsrelease.do?id=25436


Some stats of interest:

I believe the STLA frame differs from the STLA Large car based platform.

 

[TheNewGuy]

My mistake if I called the EV truck a Ramcharger. At any rate, they canceled it. The hybrid one, If I understand correctly, is essentially an EV with a 3.6 V6 generator. That is built on an actual Ram 1500 platform rather than an STLA Large that the EV truck was to be built on.

They only canceled the long range version with its $28k battery

https://www.kbb.com/car-news/report... explains, “The highly,have boasted up to 500.

 

[Ratbert]

I believe the STLA frame differs from the STLA Large car based platform.

Exactly. It's the one that was intended for trucks like the Ram REV and Ramcharger.

 

[JakeM]

It's always been that way with Wranglers though. No trim level holds a higher resale/used value than a low option Sport/base Sport S. I say low option, as a Sport S can be optioned to a shockingly high price.

Thats what I was thinking when I factory ordered and got a great deal at Mark Dodge on my 2024 MT 2 door , 3.6 , hard top White sport last year, picked it up January 18th 2024, only have 850 miles on it after a year of ownership. maybe I will sell it in a few years ?

 

[BXFXJeep]

The depreciation on the Jeep Wrangler 4xe is really bad....

You sure about that?

a casual look at places like Carvana show they are about the same price as the non 4xe, then factor in the deep discounts, incentives, government subsidies, and the 4xe might be doing better at resale.

 

[NWJeepr]

You sure about that?

a casual look at places like Carvana show they are about the same price as the non 4xe, then factor in the deep discounts, incentives, government subsidies, tax credits, and the 4xe might be doing better at resale.

Fixed it for you.

 

[Ratbert]

Fixed it for you.

Are you thinking a tax credit isn't a government subsidy?

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