Oh, wow, that's awesome. I'm in Seattle, so kind of close, but still still pretty far.
I saw the area code and was like, oh, because you know, everybody's on their mobile so you never know where they really are. Neighbors from like, some Washington like we actually a lot of other big island we get Washington and Oregon transplants more so than California ones. So get your folks over here too.
So yeah, I wanted to chat with you today. About like the the weird Evie buying market. So I have a client called rate genius who does a lot of like car financing stuff. And I mean, my husband just happened to be in the market for a new Evie. I think like many millennials, it's where isn't the first position in our lives where we're like, able to actually buy a new car. And so just like an old beater, we actually have a little bit of money now. And so we're like, man, let's go let's go buy an Eevee that's where that's where all the all everything's heading, and we want to lower our carbon footprint, all that stuff. And so like, we kinda like had the same idea of like, traditionally buying a new car, we just went down to the dealership, we're like, can we test drive a car?
They're like, normal things, right?
Yeah. And so like, we had to learn about like putting down a deposit and then like, having to wait six to eight months. And then like having to make a decision about whether you want to actually buy the car based on one single test drive. You can't like compare them, you have to make a decision, like one car at a time whenever, whenever it gets here. So yeah, I guess I just wanted to talk to you all about that. And I think a lot of people aren't aware that's the case nowadays. So yeah, I guess just to start, like, can you tell me a little bit about like, how, like the history maybe or how variable it is across the country, in terms of buying and TV because we're in Seattle? So like, like, if I drove to Iowa, would I have better luck? You know,
that's, it's your experiences. I mean, how much for better or worse, not unique, right? Like you've actually stumbled across something that many people for the first time will be experiencing. And, you know, funny enough, it's not just EVs. Right now, the automotive market in general is experiencing a shortage. So, you know, I don't know exactly which dealerships you want to be you probably noticed that they didn't really have that many new cars to begin with. Let alone EVs, right. So it's like it's exacerbated with the EVs are even harder to come by, as you found out but for nearly a year, we've been dealing with the semiconductor crisis, which has affected almost every I actually cannot think of a single model in today's market that hasn't had a shortage of vehicles or an instance in which the production of them was hindered or halted or completely stopped for weeks if not months, because they're missing you know, one or two chips. And that goes all the way up to like the F 150. On F series being the best selling vehicle in United States. They had the whole production stockpile these things for months and park them in all these random locations around Michigan or Kentucky exactly which two spots they settled in on but it's like they put them in parking lots for raceways. And for airport parking lots they always wacko locations, you know, like you could see them building up stockpiles 10s of 1000s from space. You know, they should conducted it's for real, right. It's it's caused a lot of disruption. But when we talk about EVs, it's even wilder because so many of the EVS that have launched in the last year and a half to two years, they already had weightless from the get go. There were unveilings online because of the pandemic. The automaker, instead of showing it at an auto show, because they were cancelled. They would show it online, the moment the tarp comes off, and they start talking about specs, if they were to open up the reservation books, people were putting money down right then in there, you know, sight unseen, essentially no test drive saying, hey, raise my hand. Here's $500. Here's $100. put my name on one. And, you know, if you go to the market days, look, you're not just fighting with other people who are in your same position. But you got the people who have already claimed that vehicle combined with the people from the dealership that are like, hey, we need our own inventory of stock. It's like you're almost fighting with leftovers at this point.
Yeah, they have one Eevee that we were interested in. And it was a pre order so they're like oh, if you go up to this like other dealership like right now maybe you can look at it. So we go up there and my husband's like six foot four. I'm like, can we pop open the door to even see if he fits in this damn thing? And they're like, Nope, you can't know.
Like, yeah
that's unfortunate. because it's like for people, no, everyone is different. And honestly, it's like the smallest things and the vehicle can be a deal breaker like, or your husband seats, right, it's going to make or break his ability to drive that vehicle for more than a few minutes or an hour. And, you know, it's I tell people all the time, like, you know, ergonomics, when we talk about making things better for one person might actually make it worse for someone else. And this is an instance in which like you, especially at his height, finding the right vehicle, it really does matter that test drive matters a lot. Most cars are baked around, you know, average height plus or minus a few inches, it's not like they're looking at people who are in that, you know, 90th percentile, they can pay, let's design it for them. So the mirrors and the seats, and then the steering wheel, and the pistons from all the controls is perfectly good for someone who's, you know, kind of at the extreme ends. So that's the test drivers, say, a minimum for someone of that nature, right?
Yeah, yeah, yeah. And I have some questions about test drives, um, to come back to but but I just just to make sure I'm understanding it sounds like this shortage in cars and on EVs especially, is pretty much the same around the country. So like, you might not have anything to gain by going somewhere where EVs maybe aren't as popular per se.
Right? Because by nature, they'll have ordered fewer so the dealership will be, you know, asking for a certain allocation, whether or not they get it questionable. In today's terms back in the day, oh, yeah, they've in excess. So they want tend to end the Automate says, No, we're gonna get 20 Sell them all. Nowadays, they're begging for inventory. So you can look in those other locations. But at the same time, you know, you're also coming across the same problem where other people's eyeballs will be going there too. But, you know, you're all now fighting over your fewer units. It's kind of like a tricky game. But at the same time, there's, there's no guarantees, and I tell people going across state lines, complicating your life to get that card. You don't want to do that typically, because you're assuming things on priced trade in if you have one. finance deals. This they kind of have you in a worse position, the farther away you are from your home. So comforts best clothes.
Yeah, yeah, definitely. Has a pandemic changed like people's appetite for EVs at all? I know that just like a lot of tax credits, and the the recent inflation Reduction Act, you know, changed a whole lot of in terms of that, but like, is the Evie market like heating up? Do you think compared to before the pandemic or has the pandemic had any impact on on that at all, like people that
depend? It's interesting, the pandemic, it's kind of make people more accustomed to the idea that they're going to buy something online, sight unseen, right? It's everything from a home to a car, every single piece of thing that can be delivered to you now can be bought online. So I think the method of purchase definitely has changed, right, there's been a paradigm shift because of the pandemic. And that's where we see that consumers who were, you know, kind of watching the Eevee market, they probably wanted a test drive, they probably want to see this the in person that auto show the dealer's lot. But because we also had that ramped up mentality of shortages and buying things in excess, because you never know when they'll be available. And I think that's where we saw it. See that people were like, You know what, I've only I've never even owned a vehicle from this brand. I don't even really know this vehicle drives like, but here's my money. Here's my damn PA, here's my down, you know, it's like, Wait a second. You don't even know if this is real. Like there's some vehicles have been launched, that a lot of people have considered vaporware. Like, they're never going to come to fruition, but they've got people's money right now. So that's where these more traditional automakers like when Hyundai launched ionic five, or you have Ford with the lightning, you know, you're gonna get an exorbitant amount of people raising their hand for it, because we know these companies exist, we know they're gonna bring the product to market. Some of the other brands, these upstarts, you know, not so much it's very questionable as to whether or not we'll see something come to fruition. But I think because of the pandemic mentality that we had, where it's like, Hey, by now, or who knows later, you never know or the price is going to go up that anticipation that guess what, nothing is getting cheaper, especially now with inflation, right? Everybody's kind of got this, like, crazed mindset that if I don't buy it now, it's just gonna get more expensive later, I'm kind of bite the bullet. I'm just gonna pull the trigger coupled out with the gas prices from earlier in this year. I mean, then all the way down yet. But you know, even on our website, we saw that about a quarter of all consumers. It was in March and April, when prices really took that first leap up. About a quarter of people looked at a green car, so we're going to have electrification, and that's well above that's more than two times the rate that we typically see. And it's just another factor as to pushing people's mentality towards getting something that's not 100%. Gas based.
Yeah, yeah, that's, that's really interesting. So coming back to the test drive question, do you have any like tips or recommendations for like how people can? Like if there's any possible way that people can do a test drive? Do you have any, like ideas for that at all?
No, that one, it's tough, because really, they almost always vehicles. You see, like, I'm guessing when you searched online, you saw that a dealer might say, Hey, we've got this car. And some other dealers would say, Oh, this one's in transit. But then someone has a pre sold already. So you're really asking to drive someone else's car at this point, especially an Eevee. Because almost all of them are spoken for the inventory that you see online, I call it kind of like phantom or ghost inventory, because while you might see it, it doesn't really exist. In some instances, some dealers will say they'll have little pictures as Oh, coming soon, there'll be a stock photo, or they'll have a selectable filter on the site that says in transit or you know, on the ground. But for some, you're kind of left in the dark. And so of course, you have to contact the dealer, you don't know what the situation is, but on top, they could be pre sold. So I think that's where you've run into that issue. And I've had coworkers that run that issue where you can't buy that car, and you're not there don't want you driving someone else's car. Because you really have to find that customer wait for them to show up. Be like, Can I drive your car?
Are you driving it either? But yeah.
So that's, that's where it's pretty wild, because they don't really have those test drive vehicles, because they're all sold. And that's the unfortunate part is because, like you're saying, you're going to be in a evey for the first time as a purchase. Of course, you want to test drive it, this is new technology. This is like you're not just testing the waters renting one, you're putting down a lot of money for a lengthy loan period. And you want to know whether or not it's ergonomically right, it's gonna feel about a husband. But do you even like the way it drives? Do you like the visibility, like just the basics, beyond just like, hey, do I charge it at home? What's the what's that gonna look like that I will have one charge at level two charger? Is there something near me that I can charge that instead? You know, all the other logistical issues that come with Eevee ownership? It's like, you can't get the basics done right now.
Yeah, is there like, I mean, I was just like, thinking in my head, like, what if I put up an ad on Craigslist, like, hey, if you've recently bought an ionic five, could we like give you like, $100 to test drive your car or something silly.
You're basically what you've come across is that I've seen some people say, you know, I, I essentially rent out my Eevee as a test vehicle for people who want to own one, but don't know what it's like they can't get a test drive. So your peer to peer for Exilis that, you know, things like that people have to resort to being kind of scrappy in that sense, and not using the traditional means, because there really isn't anything else for you to do. And now there's no, there's no stockpile of them for someone to go and drive. A bunch of different ones live alone, right? Like imagine trying to get your hands on two or three. There's really, there's no selection at the dealership. Most automakers right now have one Eevee model and then have that, you know, like I said most of its spoken for. So I think that your only straightforward solution then is to find someone who's renting it on a peer to peer platform. And even some of the larger rental agencies are now finally getting their hands on more EVs. They sometimes even have green specific outlets, where they do try to stock him typically more hybrid or plug in hybrid, but at the same time some of them are stocking up on pure EVs
Hmm, okay, okay. Yeah, those are definitely worthwhile places to check.
Yeah, and then it gives you some time to actually live with people I actually think I said someone yesterday you know, if you actually could, I would definitely take like a week, maybe even two weeks it's not gonna be cheap, right? But at the same time, you're gonna find out is this technology for you? Is it gonna go through a lifestyle but if you can actually find one available for rent for that long, then you could be doing yourself a huge favor instead of just rolling the dice because buying cars not cheap even if you turn around and sell it Yeah, you might sell for the same money that you bought it for even more because the markets so hot, but you got to pay taxes, you got to deal with the hassle of paperwork. Nobody wants to deal with that.
Yeah, yeah, definitely. Um, so now about the process of actually like, buying an Eevee like right now like putting down the deposit and getting on the waitlist. What what are you typically leasing for that like are most people like it when I was doing a Reddit search? It sounds like most people are putting down a deposit on multiple cars and just hoping one shows up in like six to eight months or whatever is that? Is that generally how it's working nowadays? Or what's your experiences?
No, we've seen this, whether or not you don't want to go is the singular dealers. So maybe you've dealt with in the past and go with that. But if you're looking at different models, this does happen, where people say, look, whatever can get it to me first. Like, there's a mindset with Evie shopping, where somebody's looking at an Eevee, they really don't look at anything that's gas power. They barely look at stuff that's hybrids or plug in hybrids, but we see that the cross shop data on the website, we it's very clear, if you're dead set on this powertrain type, the brand doesn't matter, people will cross bodystyles, they just want some things powered by electricity, pure electricity. So I can totally see this. And we see it within the numbers on the site. But at the same time, the people putting down pods on a Tesla, putting one on a f150 Lightning, putting one down on a Hyundai at the same time. And whoever can get it delivered to them first. That's what they're gonna go with. And the funny thing is, like I said, you could flip these vehicles, there's a lot of people asking for a lot more money in the US market for these EVs simply because people don't want to wait. If you look up Tesla and how much they're reselling those cars for. It's incredible, because right now we're accustomed to buying cars on the spot. But people don't want to wait three months, six months a year. So we're finding the resale values for somebody EVs is, you know, more than the original price because of this issue.
Yeah, that's crazy. Is there like a so we were Tila so we put down a deposit on a Hyundai Ionic and a Volkswagen ID for and for both of those, they estimate the wait period about like six to eight months? Is it very variable depending on like makes or like body styles or anything like that? Or is it pretty standard among all EVs,
it's going to vary from one month to the next you funny enough came across two models where you got an estimate that's similar. But you know, you can go to Tesla's site, they'll show you their estimated wait times, I applied tack on a couple of months to whatever you see, and even whatever you hear at the dealership, just because it's one of those things where they're going to give you kind of the restaurant estimate, right? They want to make you happy, like okay, well, here, it's gonna be six months, well, they're hoping for for unreality could be eight, just because they really have no control over the supply chain issues are being disrupted. China has the zero COVID policy, and China supplies a lot of parts, whether or not they be big or small, simple things can completely stop production on a vehicle. So you've got these complex logistical problems with supply, and then incredible amounts of demand. But you really can't gauge very well how long it might take for someone to actually get a car in their hands after they've given you money.
Yeah, yeah, yeah. So take those numbers with a grain of salt sounds like do Yeah,
like definitely plan to keep your current transportation for longer than you anticipated. Because it's just one of those things where you, you really don't want to try because, you know, if you want to try to take advantage of the high trade in values right now, because use cars are worth a lot more than they should be. But trying to make it so that you've got to deal with, you know, a person instead of like a business where you're going to trade it in to get electric, you say, oh, yeah, the car should be available in two months, and you get the deal all worked out. And it turns out that your next vehicle isn't available for four months, trying to work that out, then it's gonna be a lot more difficult than if you were to take it to, like an online retailer, not the dealership that you're working with or like a car max or something like that.
Yeah, yeah. That's interesting to think about. Yeah, very important.
leaseholders, right, people are on a three year term. This is this is actually the hardest for people like that, because leasing comprised of about one out of every three auto transactions in the past when it was very popular, but for someone who's on a lease, and they think, Okay, well my lease is due in two months, I'll just go and pick up an EV or any car even like a Chevy Tahoe I've heard wait times of six to eight months. And you come to find out Wait a second, this thing's not going to be ready? You have to call - and you can call extend your lease. It's going to cost you and we don't - you have to negotiate with the terms and the rate and all that stuff. But it's one of those things where it's like you have to plan so far ahead. When it comes to buying a car now that it's definitely made life a little bit more of a hassle.
Wow. Yeah. And even if you're going off of the estimate, like that's not that's not a guarantee or anything, so could be more or less you I definitely have to plan for some how to handle a gap. And in the event it happens, it sounds like for that.
Yeah. And that's I mean, it's you can't plan for and really, unfortunately, you're not in a position of power to do anything different when it comes to the dealer, even if the vehicle shows up a few months late, it's not like they're gonna knock off price for you. It's not like they're gonna say, you know, there's, there's nothing on there. And that really, they could have done at the same time, but demand being so high if you don't buy it, and this is what I'm sure you've seen to people say, hey, doesn't matter if I don't buy it. Someone right behind me well, and if it's not them, it's the next person because people are just waiting. They're clamoring, they're hoping that you know, vehicle falls off the truck, essentially, that the buyer doesn't like it. Okay, cool. Next person.
Yeah, the dealership we talked to, they actually mentioned that they're like, Oh, if we get one in and somebody doesn't want it, we can give you a call real quick. And then you can come down and test drive it in, like the 10 minutes or so gap between when, when it's available when there's a buyer.
It's like, I hope you have a work from home job that allows for very flexible schedule. Like there's, there's always so many things you can do to actually get to the dealer in time. Like, you're on that list with all these other people, like whoever gets here
first. Yeah, like everybody's just gonna show up. Like, get the letters. Let's see. Um, so you mentioned the the logistical chain, and there's all these different things going on. Like it's not just like, it's one thing that stopping everything up. And that is all in flux. Like, if you could all change in the future. Do you see any anticipation that the wait times might like that all of that mess might improve going forward at all? Or do you think this is just how it's going to be for the foreseeable future?
We're looking at at least a year before things kind of straighten themselves out to any degree. But with some of these vehicles, you think about the typical replacement cycle that people are on every five, six years for a car? Well, we're now backlogged by every single month that goes by people who have to delay their purchase, we end up with, you know, this very deep pool of anticipated buyers that gets bigger every single month, that the industry doesn't right side itself. So you just keep pushing back people's expectations for normalcy, that there's no, like, there's no chance of going to the dealer and seeing those big signs that say blowout sale, multi year sell down, right, like these ideas that have Labor Day, this Labor Day weekend, I dare someone to show me a picture of a dealer who's got, you know, the hot dogs and the fanfare outside and, you know, discounts on anything like it's just not doesn't exist, and won't for at least a year, if not longer, because if there's any more disruptions that simply delays, more and more consumers from getting what they really want. And we've been going on for ever since almost even the pandemic because of the pandemic, some people they really changed their buying habits, or at least their their kind of cadence for replacement. We've had many people resort to the US market or looking at new cars, I think we've seen the share of people to trade in, who went from buying or anticipating to buy new to buying US has gone up a bit because they just simply could not find that new car. And, you know, it's it's one of those things where if you have new car buyer money and you're going to use market, well, you can outbid the other guy. So that's probably the reason why we've seen so many use value skyrocketing.
Yeah, yeah, definitely. As far as putting down deposits on an Eevee I know we talked about that a little bit. But do you have like any advice about whether you would recommend somebody do that? Or like what like, I know some of them are like, we went to a Kia dealership and they said it was non refundable. And we're like, well, thank you.
That's, that's my, that would be my main bit very straightforward piece of advice. But you definitely want people to know is that you must get back up clear and upfront and get it in writing that this is refundable or not or percentage or whatever the terms that you have with that dealership, because you don't want that surprise later. That's something that it's, you know, It's unfathomable to many people that you can have to order a car. I mean, yeah, you get to choose your color and your options, right. So that's nice, but on top of that, you want to make sure it's really going to be yours. Yes, you're going to need to give them some money. But in addition, are they going to be willing to give it back to you I don't think too many are gonna ask for way too much money but on top of that, it's up to each dealer right like they're independent from one another and from the automaker, so there really are no set standards at this point.
Yeah, yeah. Yeah. Another thing I just thought about too is like they never asked us for like the the financing bid doesn't have Haven't until the car gets also like, be in a very different credit like situation or income situation like when it does get here. So that's like another.
Yeah, they're putting your information in an order system, just so they can allocate or earmark a piece of inventory from the factory to get to the dealership. And the reason why they don't do any of the finance stuff is because they don't know if you're going to buy the vehicle traded values change over the next few months finance APR is they'll change over time incentives if there are any available because, you know, sometimes every single month is different attendance to different vehicles. If for some reason, they decide to put some incentives on when these EPS, you're gonna want to know about it during the month that you actually get that vehicle. So that's where they wait to do kind of like the transactional part of it later.
Yeah, yeah. You mentioned that. You don't recommend people to buy car over state lines? Because that puts you in kind of a tough spot. Could you elaborate on that just a little bit?
Oh, I think that for people who, if they live close to other states, it's fine. But if you live in, you know, you're hundreds of miles away? The thing is that when you get to the dealership, unless you've already sorted out all of the details of your trade, and are you going to finance with them? Or are you financing with your credit union or your bank, then you don't really know what you're getting into. It's one of those things where trading values vary wildly nowadays, because of the demand and used car market. So is that dealer going to give you ever having discussed it with them that detail, but some people still think they need to hold off on like, there's still a lot of mystery when it comes to dealing with card sellers. So some people hold out on them that can make or break the deal. There's some dealerships that say they won't even sell to customers, who are hundreds of miles away or across state lines, because they say I'm never going to see you again, I make money off a service, a lot of new car dealers traditionally have made virtually little to no money on actually selling new cars, the biggest profit center for them is actually service. So they actually prefer to sell somebody who's 10 miles away, 15 miles away, because guess what else in six months, you know, you're not getting an oil change with me for you. But you might need some other maintenance, maybe it's wiper blades or you know, some tires, or whatever it is, but that's where they make their money. So you might even find that, you're just not going to get the same level of service. Now, of course, yes, some will still sell to you. But some have said you must finance with us. And you know, their rates might not be as good as what you could have gotten locally, whether your bank, at the same time, some say you got to have a trade and because I need to make money somewhere else too. So it could just muddy the waters a bit. I'm not saying don't do it at all. It's one of the things where, hey, if you're desperate enough situations, right, do it. But the thing is that things have changed when it comes to simply doing a deal. When you're buying a car. And for some dealerships, it really isn't as worthwhile as it would have been years ago when they had a plethora of vehicles for sale. Some of them they say I want to keep it local, you know, I want to keep my inventory for the people in my neighborhood to because they know that someone else that they're going to see later, you know, through those service lane, like say, customer, Jim, they've seen for five years, like this guy's coming up on our placement soon. We're gonna keep it for them.
Yeah, yeah, that's interesting. Well, I hadn't thought about that.
I mean, it's just, it's one of those weird things where I have heard of people doing it, like, don't get me wrong, but at the same time, it's, it's not. It can, it's not typically going to work out enough in your favor, especially if something doesn't go the way you were anticipating. It's just like, you know, if you're about how I'm going to fly like five states, so it's like, Okay, I hope everything goes very well for you. And that you can actually, especially if it's trying to save money, that's one where you really got to calculate your all in cost over just here in the now instead of just like, okay, I can get this in like three months or six months.
Yeah, yeah, definitely. Well, I think that's all of the questions I have. This was this was one of the most interesting interviews I've had in a long time, just because Oh, I didn't know any of this information. Yeah, is there I guess there's, is there anything else that you think people should know about buying an Eevee today that I haven't asked or just just things in general that people should know?
Um, I think the only other component and which you had mentioned too, was that you know, with the inflation Reduction Act, it's going to be kind of tricky. Thankfully, there will be a list a list of vehicles that qualify and income tax brackets and whatnot, but because of that, at, you know, there, I won't say artificially anytime there's incentives to really artificially lowering the price, but at the same time, demand is already there. So I don't even know if we're really, you know, hey, don't get me wrong, somebody's gonna give me the money, I'm gonna take it right. But at the same time demand is so high for many of these vehicles that I think that by putting that incentive out there, really, it is. Anticipate is ratcheting up that level of want versus need. When it comes to this power train, like you don't really need it yet, but at the same time, it's making it far more enticing. So it might be facing more competition than we ever needed to buy one of these over the next few months. And over the next few years until we truly get, you know, like a good number of them available, because I'm sure you've seen it right. You look out there of what's available. And while there's so much more today than just the Tesla, there's still not enough. Yeah. And that's both in the inventory. It's in the makes and models like we we have one evey truck right now trucks, the best selling vehicles in the United States. And you know, there's, there's a myriad of flavors, you can get a bit. But when it comes to electrified trucks, there's one. So, you know, we still have quite a ways to go when it comes to people getting the selection that they truly desire.
Yeah. Do you think electric trucks, there will be more on the market in the future because I'm actually a truck person myself. Like we have 2003 f150 and it's a gas guzzler. That's kind of why I take it out fishing a lot. And it's I have to drive aways. And so I'm like, Man, if I had like an electric truck that would because it's stinky. I don't want it I will put on my salmon and like the back of my car. So like, I was just curious, do you have any idea of like, what what the future might hold for electric trucks
most lucrative market possible and the one that everybody is anticipating become the best place for electrification because, like, say you've got an older f150, I've got a 2020 f150, it still can drink a lot of gasoline even with its EcoBoost motor, aluminum body 10 speed transmission, it's still is not a compact car in the 30 to 40 MPG range, by no means at all. So that's where we've seen automakers investing heavily because they know that the ROI is there. They can stamp out this body style so many times that the economies of scales come into play, and they can really ratchet down the price immensely compared to their internal combustion counterparts. No Chevy Silverado. Evie, it's gonna start at around 40k or less think about with the incentive for the tax credit, if it qualifies. You're talking about something in the low 30s sinking f150 lighting, right? It's if you can get just a stripped down, you know, basic model, which I'm fine when I talked about basic, it's just not basic by any means. It's still a very, very highly equipped vehicle. When it comes to horsepower and torque from these electric motors. It blows the doors off of almost anything that the gas or diesel equivalents will have. So we're seeing more and more automakers and a lot of the upstarts the one that is that people consider almost vaporware electric trucks, if you look up those something like there was the Nikola Tesla or Nikola vehicle that was supposed to be launched, I think is essentially dead. There's Atlis, another company that's kind of like doing crowdsource funding. Lordstown motors, like there was so many people that were trying to get into that space because they know there's money there. And that insane demand. So, pickups, they stand to benefit the most right, because they have the worst fuel economy. But at the same time, we've only seen one truly make it to market so far. And I think that it's definitely the one everyone has their eyes on. You know, as TVs got plenty of those. There's more to come from that too. But the one that people would stand have the most benefit. It is the pickup truck.
Yeah, yeah, definitely will be interesting to keep an eye on in the future, for sure.
Yeah, get your reservation money. Five years. Order banks already closed action on f150 for the rest of this year. And for next year. I don't even know when they're gonna open up 2024 orders, let alone getting the vehicle. Right. So that's what it's like. To buy us you're looking at a lot of money on the US, Mark. I think the average asking price is close to 100k. On f150 lightnings used but no, not really used. We're talking about like 1500 miles or so.
That has crazy. Cool. Well, yeah, I think thank you again, this has been super enlightening. I'll let you go. And yeah, just I'll be sure to let you guys know when the article comes out. And yeah, I hope you have a good day.
Thanks. That's the plan. If you have anything, just ask we always have data on stuff and other topics. We have lots of coverage and a lot of automotive, so just let us know. Yeah, definitely. Well, you have a great day. All right. Good luck. I hope that vehicle shows up or multiple deposits. You can shuffle the deck and
we'll figure something out. We'll get there for sure.
