Sep 2023
EMKAY has been privileged to Ford production capacity vs current fleet order composition numbers. The Ford Escape Active trim level comprises 88% of fleet orders while production levels of this trim comprise only 52%. Due to these conditions, fleet orders for this trim level have a high probability of being cancelled.
EMKAY recommends considering the ST Line and ST Select trim levels that comprise factory production of 30% and 16% where their fleet order compositions comprise only 11% and 1% respectively.
Production Capacity vs Fleet Order Bank Composition
- Escape Active – 52% vs 88%
- Escape Platinum – 1% vs 0%
- Escape ST Elite – 1% vs 0%
- ST Line – 30% vs 11%
- ST Select – 16% vs 1%
Average wholesale prices declined for a third month in July. Prices appear to have stabilized in August and remain up by approximately 30% compared to pre-pandemic levels. Retail used vehicles sales remain soft, but Certified Pre-Owned sales are doing well. These trends suggest consumer concerns about vehicle affordability. Consumers are pushing back on still-high used vehicle prices and abstaining from purchasing altogether while with CPO sales consumers are pushing back on still-high new vehicle prices and purchasing used vehicles instead.
According to ADESA US Analytical Services’ monthly analysis of auction industry used prices by vehicle model class, wholesale prices in July averaged $14,473, down 4.7% compared to June, down 11.9% relative to July 2022, and up 26.7% versus pre-pandemic levels. Average prices stabilized in August and stood at $14,423 while “late-model” used vehicles stood at $24,719. (ADESA)
Aug 2023
Due to supplier and production constraints, VW is closing its order banks on the following vehicles:
o NEW – MY24 Tiguan AWD trims – Order Banks will close on 8/25. Please have all pre-approved orders in to VW by EOB on 8/25
o NEW – MY24 Jetta S trims – Order Banks will close on 8/25. Please have all pre-approved orders in to VW by EOB on 8/25
o MY24 Taos AWD is currently CLOSED
o MY23 ID4 Cosmic interior is CLOSED
Aug 2023
Hyundai Motor and Kia said on Thursday they are recalling more than 91,000 newer vehicles in the United States because of fire risks and urged owners to park outside and away from structures pending repairs.
The recall covers Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona vehicles and 2023-2024 Seltos and 2023 Kia Soul, Sportage vehicles. Electronic controllers for the Idle Stop & Go oil pump assembly might contain damaged electrical components that can cause the pump to overheat. Dealers will inspect and replace the electric oil pump controller as needed.
Aug 2023
Order Banks for the following vehicles will open on August 14, 2023:
- Escape Gas (24MY)
- Escape PHEV (24MY)
- Escape FHEV (24MY)
This Factory Order notice is to inform you that Mazda has changed its factory order dealer pricing. Mazda has increased its factory ordering fee and discontinued its holdback floor plan. The result is an increase in fleet factory ordering by $500.00, which will be reflected on all future schedule A’s.
For clients who have Mazda order history, your Strategic Account Manager will be notified and will include this modification in all future quotes and life cycle cost analyses performed. Please consult your Strategic Account Manager with any questions or concerns.
Ford Motor Co. is recalling more than 870,000 F-150 pickups in the U.S. for an issue that might cause the electric parking brake to unexpectedly activate while driving. The recall covers F-150 pickups from the 2021-23 model years that are equipped with a single exhaust system.
Affected vehicles might experience the parking brake activation if the wiring is damaged. Dealers are expected to be notified Sept. 11th. Vehicle owners are expected to be notified by Sept. 15th.
EMKAY has been provided with an exclusive allocation of 500 units of each of the Nissan Sentra and Altima for our customers. These vehicles are being offered with special fleet incentives for EMKAY clients.
Toyota is accepting new CID programs and up to 30 orders for the following units:
- 4Runner
- Corolla
- Corolla Hatchback
- Highlander
- Tundra Hybrid
Ford has released their commercial allocation information for the following vehicles. The Bi-Annual Cap for FINSs without allocation are depicted below. It is strongly recommended not to exceed the numbers below as production is not guaranteed.
- Transit (24MY) – TBD
- E-Series (25MY) – 20
- Medium Duty (25MY) – 20
- Super Duty (Chassis Cab) (24MY) – 5
- Super Duty (Pickup) (24MY) – 25
- F-150 (24MY) – 25
- Ranger (24MY) – 5
- Maverick (24MY) – 25
- Escape Gas (24MY) – 25
- Escape PHEV (24MY) – Not Available
- Escape FHEV (24MY) – Not Available
- Explorer (24MY) – 15
- Edge (24MY) – 25
- Bronco Sport (24MY) – 25
- Mach-E (24MY) – Not Available
- Lightning (24MY) – Not Available
- E-Transit (24MY) – Not Available
