Maybe they are happy with the sell through rate of the cars on the lots and would not be able to fulfill demand if prices were to drop. They cannot fill reservation holders fully yet. It makes sense to me. Until reservation holders are cleared out there is not need to do anything in regard to price drop.

 

Once plus models start filling up the lot then may be??

 

Yeah in my little 'burb the ID.4 is definitely the most-spotted new EV after various Teslas, and by a lot. There are new Bolts, Polestars, Niros, Ioniqs, iXs, Mach-es, and EV6s, showing up here and there (in about that ranking of popularity), but the glowing VW emblem has come on strong in the past months.

 

My daughter reports as much in Moraga. A spotting is also common place in the Seattle Metro. Aside from the anomaly of tax credit-less 2022's on lots, all is well on the left coast.

 

In my neighborhood looks like I am the solo ID.4 guy. Lots of Tesla’s lately. If I go little into the town I see more ID.4’s. Probably need to get out of this neighborhood 😀

 

I was surprised that our neighborhood's first Mach-e showed up only a month or so ago (that I know of -- there's probably one hidden in a garage somewhere). But Bolts? Sheesh, they're so popular they park in pairs.

 

What did you expect? It takes VW months or years to respond to things, 3 years for non-working software, 2 years for amateurish app, etc. It will take a few months of pleading from desperate dealers to make a decision on pricing/incentives.

 

Huh, here's to another month of "uh-oh what's VW going to do now?" landing with a thud. The February 2023 incentives are out:

3.9% promotional interest rate? Taos, Tiguan, and Atlas get it, but not the ID.4.

$500 College Graduate bonus? Add Jetta, Arteon, and Golf to the above. But not the ID.4.

$7,500 lease credit + $500 First Responder / Military credit are all they're listing -- and that's for the 2023 models. Nothing listed for the 2022s that are supposedly piling up in the back lot.

So with whatever is actually going on with ID.4 sales, VW isn't acting all too concerned. These incentives vary by region so maybe you'll see something in an area that's not as EV-friendly? Post if you do.

Current VW Offers

Find Volkswagen offers, deals, and incentives on new vehicles today. Explore financing, lease specials, and limited-time savings at a VW dealer near you.

www.vw.com

I noticed those incentives this morning while I was updating my US National Auto Interest Rates post. The Volkswagen average US National interest rates are at 6.39% up to 60 months. This 2023 Volkswagen ID.4 AWD Pro S has been sitting in the lot for 34 days now.

 

Earlier this week there were 30 new 2023 ID.4s available within 50 miles of my location. Today there are 32. Not much difference but I will keep checking.

I also checked 2022s today and there are 12. This is the first time I checked for 22s.

 

36 2023 ID.4s are available today. Still 12 2022s available.
4 more 2023s are available in 5 days. Looks like a pattern developing.

 

VW made an official statement on this a couple days ago. No plans to change their pricing at this time.

Volkswagen Group CEO: No Plan To Cut Prices To Follow Tesla

Tesla raised its prices often last year, and some brands followed suit. The US EV maker is now reducing its prices significantly, and VW Group won't match.

insideevs.com

 

That doesn't mean anything. There are multiple levers that they can pull in lieu of changing MSRP. You can easily make the car $10k cheaper without changing MSRP.

 

Today there are 33 2023 ID.4s available within 50 miles of my area. Down 3 from last week. There are 11 2022s, down 1 from last week.

 

thats alot of ev collecting dust at the lot. these dealers havent figured out that we're in a recession

 

I started checking this 3 weeks ago and the inventory has been pretty stable since then. We will see going forward.

 

Not sure when they stopped building the 2022 models in Germany. Seems that the number of 2022 models arriving in USA will be dwindling soon.

 

Just did an inventory search on the VW site. I used a 2,000 mile search radius from Michigan so it should include most of the USA.
Of course some are still in transit. Shows a bit more 2022 models than 2023, but numbers are very close.

 

Still 33 2023 ID.4s available within 50 miles of my area, same as last week.
9 2022s are available, down 2 from last week.

 

Here in central Florida I only have 1 'deal' for the ID.4, which is a lease deal:

Within a 200 mile radius, which would be much of Florida's large cities shows this from 37 dealers:

Within @Spin's radius of 50 miles, I get this from 6 dealers:

Works out to about 2 cars, on average, dealer state wide.

 

34 2023 ID.4s available this week in a 50 mile radius from me, up 1 from last week.
8 2022s are available, down 1 from last week

 

61 within 200 miles and 4 in 50 here.

 

Just one dealer here has 31. Escondido VW. They were doing 1.5k-2k off during presidents sale if you reached out directly. Trying to clear their stock it seems.

 

In my part of Vermont, while the web sites show that dealers have one or two 2023 ID.4's, when I visit the dealership I learn that the cars are sold and none are available.

 

Looks like leases with 7500 is extended until Apr 3rd.

 

I see they raised the promo rate from 3.9% up to 4.9% on the other models, but still no promo financing for the ID.4. VW Marches confidently towards April!

 

39 2023 ID.4s are available this week in a 50 mile radius of my area.
9 2022's available.

 

3 within 50 miles - all 3 are top-of-the-line 2023 AWD Pro S
18 within 100
60 in a 200 mile radius here

Interstingly enough, the website now tells you which battery supplier the car has.

 

Probably this is broader than VW, with banking mess that is going on right now. Can we expect some price changes soon ?

 

I don't see the correlation between a failed bank (or three!) and demand for EVs. I mean shoot, one of the attributed effects was a drop in mortgage rates this week as banks tightened up their lending. The driver of ID.4 price adjustments is going to be increasing inventories – which, as we've seen so far, hasn't yet happened in the US.

 

That’s what happens when everyone suddenly wants to buy bonds. Price goes up and the yield goes down. Ironically it’s exactly the kind of market move that might have saved SVB my reinflating some of the bonds they were forced to sell at lower prices to make cash.

Will have zero affect on the car rates though as those are not usually dervied from bond prices like mortgage rates are.

 

Lending becomes tight and ripple effect.. Hope it doesn’t go there…

 

Maybe but I doubt it. Not in the car market anyhow. Credit strength has always been a large driver in auto loans and those with decent to good credit have never had an issue getting a loan. Might be 5% but the loans were still plentiful. Buyers are the bigger problem as they still have to cover the monthly but.

In 2008-2010 I had zero issue securing a decent car loan with good credit and a job.

 

Are cars sold only to people with good credit and current interest rates are not at 2008-2010 level. Anyhow let’s rest it here 😀

 

Are cars sold only to people with good credit and current interest rates are not at 2008-2010 level

I'd say buyers with less than stealler credit have been acclimated to paying a higher rates no matter how low the prime.

 

Uh-oh that's not good. Did Chattanooga take an early spring break?

 

It's good that they are selling