2007+ Expedition & Navigator2007, 2008, 2009 and 2010 Ford Expedition and Lincoln Navigator
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2009 expedition production has been moved to Kentucky. Production is scheduled for April 2009 for the Expedition. I would assume that the Navigator will resume at the same time since they are basically the same truck.
Went into a dealer in NV who has an 2009 XLT and they wouldn't negotiate on it. That was on the 16th when the new incentives came out, [$2500 for Expys].
They quoted me about $35k for a truck I could have bought a couple of months ago for around $31k or so. IIRC.
The same day I stopped [was on a trip] into a Ford dealer a few hundred miles away from the one above. They had a nice looking used 2008 XLT and were asking 28k, gave me an out the door price of about $25.5k.
I said too much, went outside and looked over the truck and the salesperson who was half asleep just went back to his snoozing I guess.
They're screwed with that attitude and I suspect will be out of biz before year end.
Used Expy prices have been climbing for several months.
Actually, the prices for most late-model used cars have been climbing.
3 years ago you could buy a 2-year old used car or $350/month or lease a brand new one - same model - for $300 month. Car makers subsidized leases to push iron and that crushed used car values.
Now they're all in too much of a cash crunch to subsidize leases any more. People are turning in the lease after 2 or 3 years and learning that they either have to step up to $550/month to buy (not lease) a new vehicle or they can buy a used one for $350/month.
Repeat that several hundred thousand times across the country each month and used car values have been climbing because there is more demand for used vehicles.
Those values will only climb so far... eventually buyers will choose new over used once the prices normalize.
With Expy's its probably more pronounced because the 2009s appear to be in short supply until the factory starts making more.
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