Ford CEO Jim Farley has said that the Lightning is sold out for the next 2-3 years! They stopped taking reservations at 200,000 vehicles.
Jim Farley Says Ford Lightning is sold out for 2-3 years!
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Yep!! pile up inflation and I could easily see Lariats @$100k
Love to see the number of abandoned reservations after the credit expires at the end of TY2023
There will certainly be a few that try to flip it and to those I hope they lose their ass, and there will be those that cancel their reservation when the credit is gone. However there are still the bigger majority who want this truck and are ready to buy. If Ford sees demand dropping they will have to realize they priced it too high and they will have to adjust those prices. It will happen, it will fluctuate (up and down) and change every couple of months based on what they believe the demand is and what the economy is doing. However, if they can't make more than 50K to 75K trucks a year, they will sell all that they make.
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Well we already knew months ago they were sold out 2-3 years based on the 200,000 cutoff and announced production estimates. Glad that info finally got to the CEO 
Seriously though one reason I reserved was I liked the idea of locking in the future option for myself knowing how messed up supply chain will remain options are good to have. I started at a 60% chance of ordering but now I'm at 90% I'd say it's very likely I'll order. Provided the already high price doesn't further baloon out of reach.
Raw materials are going to be an ever increasing problem especially with the transition away from fossil fuel.
Seriously though one reason I reserved was I liked the idea of locking in the future option for myself knowing how messed up supply chain will remain options are good to have. I started at a 60% chance of ordering but now I'm at 90% I'd say it's very likely I'll order. Provided the already high price doesn't further baloon out of reach.
Raw materials are going to be an ever increasing problem especially with the transition away from fossil fuel.
Yeah, on the bright side, real owners will have 2-3 years of their vehicles valuation appreciating before slowly coming back to fair value.
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You will have to sign a Legal Document stating you cannot sell the Vehicle for 12 months
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This document is legal in all states, NY for one
Right, they did something similar with the Ford GT.
I hope there are far fewer dealers now trying to push a mark up because word from the top didn't get through...
"While this provision should deter scalpers who have put in a reservation for the F-150 Lightning with the intention of immediately flipping the electric truck for a profit, the note also includes a warning towards dealers who take advantage of honest customers. We just recently reported on the insanely high US$30,000 markup and additional US$5,000 deposit that one specific Ford dealer in Virginia demanded from F-150 Lightning reservation holders, and Ford has now clarified that such behavior is not allowable under the service agreement that dealerships have signed. Ford apparently reserves the right to redirect the F-150 Lightning allocation of dealerships who engage in such deceptive business practices."
Scalping prohibited: Ford F-150 Lightning buyers may not be allowed to sell their electric truck in the first year of ownership
In addition to a provision that should prevent the re-sale of the electric F-150 in the first year of ownership, Ford has also issued a stern warning for dealerships who try to take advantage of their customers by demanding high price markups from F-150 Lightning reservation holders.
www.notebookcheck.net
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very hard to enforce…I guarantee people will be flipping Lightnings for outrageous prices.
on top of that the whole legality around the issue is dubious - we have one case, for a super rare GT that was settled out of court and another one for a GT (from Michael Flynn) that was sold to an auction house and Ford asked for a restraining order due to breach of contract but the judge decided against it.
BUT this is for the rare GT - like 1300 units total?!
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Yes, so I have to sign a document that says I am not allowed to sell property I own. That's extremely un-American. it's a slap in the face of capitalism.
Imagine you buy stock in ford and if it goes up you're not allowed yo sell until next year when it may be lower.
WOW, sounds like additional legislation is needed to bar this process, which could introduce safety issues.
There are simple old fashioned ways to accomplish this, a second position lien after the financing lien would do the trick, DMV title office will not issue new title of ownership until both lien holders have discharged their hold.
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I don't know a lein will be tolerable for cash buyers.
Seems likely it would be a term of the sales contract. No doubt binding arbitration is required and the arbitrator works at the pleasure of the dealers. So if they push this there won't be any recourse through the courts.
Seems likely it would be a term of the sales contract. No doubt binding arbitration is required and the arbitrator works at the pleasure of the dealers. So if they push this there won't be any recourse through the courts.
Certainly, it might not be tolerable to the buyer, they can walk and the next buyer will accept the hold, IMHO, I plan to own my Lightning for 10 years, but "STUFF" happens, If I dropped the day after or before the 365th day of getting the truck, my wife would want to sell it, I'd like that to be an acceptable waivable condition.
The language in the P&S with it's addendums provides for the conditions of releasing a lien hold, I'd think local law will affect how some states would aggressively fight this action and other states with ambiguous language won't fight it, YMMV.
Has Ford or any of their dealers ever pushed this for any make other than the GT. I'm afraid we are getting worked up over nothing. It has come up in conversations here and other forums, but I don't believe we've had dealers or Ford talk about it. If they do, it is truly absurd, but I think we are just getting worked up over it here. Personally I don't plan on signing one, but I haven't been in the dealer to purchase the truck yet either.
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I'm no lawyer, but I would imagine that the legalese would be something that gives the dealer a legal first refusal right to buy the truck back at a stated price (in dollars or a recognized 3rd party authority form of appraisal) within a stated period of time. It could be set up, enforceable as a lien on the title–making it untransferable, or in some other binding manner.
Your option is to agree to the encumbrance or walk out. Then, you've let the dealer get what they want more than a reservation holder driving off the lot–the truck to sell at retail+. They hate to even think of selling "the dealer's truck" at MSRP. The war doesn't end when you place an order, it's when the dealer actually honors their commitment and sells the vehicle to you. Personally, I have no problem with honoring an agreement/commitment to own the truck for 366 days.
Your option is to agree to the encumbrance or walk out. Then, you've let the dealer get what they want more than a reservation holder driving off the lot–the truck to sell at retail+. They hate to even think of selling "the dealer's truck" at MSRP. The war doesn't end when you place an order, it's when the dealer actually honors their commitment and sells the vehicle to you. Personally, I have no problem with honoring an agreement/commitment to own the truck for 366 days.
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