Why so many low milage Gen2 trucks for sale?

[Mcnawsty]

The Gen1 partisans, and user formerly known as sasquatch77 think all this is great stuff, but just like home values, if the gen2 values go down, so do the gen1 trucks, which are older, more mileage and more seasoned.

But are the Gen1 values low? Looking at 13/14 trucks with under 30k miles, pricing is in the $49k - $54k range. I was surprised to see values that high.

 

[EricM]

I bought my 2013 about 18 months ago, and the prices have not dropped much at all from what they were when I was looking.

You'd think the introduction of a new 2017 Raptor, sales of a new 2017 Raptor, sales of used 2017s and now sales of 2018s would affect Gen 1 values- but it really had no affect whatsoever.

 

[smackdownRaptor]

But are the Gen1 values low? Looking at 13/14 trucks with under 30k miles, pricing is in the $49k - $54k range. I was surprised to see values that high.

+1 That surprised me too that they've remained roughly the same for a year, only taking a minor hit with the Gen2 and nothing with the 2018s coming out, so when I found mine I had to jump on it. But I'm sure a dealer is probably marking them up and willing to deal since a customer approved/with $45K is more likely than one at $70k+.

 

[jaz13]

I bought my 2013 about 18 months ago, and the prices have not dropped much at all from what they were when I was looking.

You'd think the introduction of a new 2017 Raptor, sales of a new 2017 Raptor, sales of used 2017s and now sales of 2018s would affect Gen 1 values- but it really had no affect whatsoever.

All the publicity the G2 got in the automotive world brought a spotlight back to the entire Raptor line. That boosted interest in all Raptors. Add in the hefty price jump and ridiculous ADMS, and all of a sudden a $50k G1 trucks seems attractive. But as G2 availability improves and used prices fall, so will the Gen1s. As much as the G1 guys love their V8s, most buyers will prefer the improved features and younger age of the G2.

 

[Mcnawsty]

I guess to that point, the gen 1 Raptor never dropped in value. They have maintained the $49k - $54k value even before the gen 2 Raptor was announced.

 

[Maha]

There are lot of defects. About 25% (according to this poll) for the Gen2. https://www.facebook.com/groups/2017RaptorDiscussion/permalink/1299110953530715/

Some of these people probably dumping their problem trucks

I see 3 low mileage 2017s for sale locally and it makes me wonder why they are being sold/traded with such low mileage?

5,300 miles: https://austin.craigslist.org/ctd/d/2017-ford-150-black-internet/6263531104.html

4,100 miles: https://austin.craigslist.org/ctd/d/2017-ford-150-blue-special/6260891841.html

7,000 miles: https://austin.craigslist.org/ctd/d/2017-ford-150-raptor-shadow/6253437811.html

 

[jabroni619]

But are the Gen1 values low? Looking at 13/14 trucks with under 30k miles, pricing is in the $49k - $54k range. I was surprised to see values that high.

I'd be interested to know if they are actually moving at that price point, particularly at the >50k price. I was looking at Gen 1's on craigslist before placing an order for a 2018. While I did see a ton asking for >50k, I also noticed those listings would stick around for quite some time and many were updated with price reductions.

I saw one clown trying to sell a 2013 for 65k at the beginning of the year. That listing is still up with an asking price down to 52.9k. I'd be surprised if he snags a buyer at anything above 50k, especially with 2nd gen becoming a little easier to acquire now.

 

[Mcnawsty]

They are getting these prices. The trucks in the 50k mile plus category do drop in value though. Those are in the $40k - $42k range.

 

[jaz13]

There are lot of defects. About 25% (according to this poll) for the Gen2. https://www.facebook.com/groups/2017RaptorDiscussion/permalink/1299110953530715/

Some of these people probably dumping their problem trucks

So how does the rate you quoted compare to a those found on Ram, Silverado, G1, or Lariat?

Only 1 out of 200 used 2017s appearing on Autotrader or Cars.com seems like a really low dissapointment rate to me.

 

[EricM]

All the publicity the G2 got in the automotive world brought a spotlight back to the entire Raptor line. That boosted interest in all Raptors. Add in the hefty price jump and ridiculous ADMS, and all of a sudden a $50k G1 trucks seems attractive. But as G2 availability improves and used prices fall, so will the Gen1s. As much as the G1 guys love their V8s, most buyers will prefer the improved features and younger age of the G2.

People who didn't know what a Raptor was by 2014, still don't. They don't pay attention to the "spotlight" of the automotive world and it's just a F150 with some big tires to them.

I really think both trucks stand on their own way more than you think. Lets go back a few years and compare some other high end Ford specialty vehicles shall we?

A 2003 Cobra had a MSRP of approx $34K. One with 20K miles in great excellent condition books at over $23K now. $11K depreciation. It still commands 70% of it's original MSRP. Very impressive for a 14 year old car.

The "next Cobra" was the 2007 GT500. MSRP was approx $41K. One with 20K miles in excellent condition books at almost $29K now. $12K depreciation. It is also worth 70% of it's original MSRP, again very impressive. Compare both to any Vette from the same years...

So the older 2003 chassis with less power still is worth the "same" as the newer 2007 chassis which is safer, has more power, better handling, better brakes, etc. It even has the Shelby name attached (literally), yet comparing new vs used values- it still has no additional value compared to the 2003. The GT500 is also not saddled with a horrible sounding engine either- both have blown V8s.

You guys can mock all you want- but remember that hearing is one of your five senses. Smell and taste don't count when it comes to vehicles- so you are taking away 33% of the "experience" of driving a Raptor when you take away the nice V8 melody and replace it with V6 *blat*. Ford knows this- that's why they tried to fake it with the stereo system.