Is the Hummer hype fading ? After crazy prices at previous Mecum auctions and at Bring a Trailer and Cars and Bids three Hummer EVs struggled at Mecum Indy. Last Saturday one was a no sale Bid Goes on at $230,000. That owner may be wishing he pulled his reserve. Today our fellow members unit with flat black wrap and custom bronze wheels was originally a no sale Bid Goes On at $190,000. Appears deal was eventually done at $190,000 plus buyers commission. The third unit just sold at $187500 before commission.
Hummer Hype fading? Softening at Mecum Indy
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Makes sense. People that really want one would have snagged one already for more $$$. They are delivering faster and faster it seems or picking up pace a little so the cost of waiting is less also if have a reservation. Plus maybe the impending recession (that we are probably already in) is slowing some excessive spending.
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May the edition One hold its value for ever!!!
Agreed. The Hummer news definitely has its highs and lows, and right now is definitely a low. There hasn't been much Hummer news for a while other than the media writing about the auctions and how much they are selling for, which to me is bad publicity for GM and the Hummer launch. The Arizona media days where they just did WTF and the off road trail were all the same, no unique perspectives or long term driving reviews (by long term I mean driving it for a few days or a week). GM seems to just think "oh boy we have 70k reservations things are great!" but I think over time they'll see a lot of people drop their reservations either due to the extended wait time, or the fact that everyone thinks they can reserve one and make $100k and those dreams seem to be dropping as a good chunk of people receiving them keep posting them for sale. As a Hummer fan I'm still pumped for mine just because its a Hummer, but nothing they are doing would excite me otherwise as just a normal EV or truck fan.
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The crazy thing is so many people I talk to don't even know there is a new Hummer, some of them did not know that they stopped making them!
When I tell them they stopped in 2009 they are so surprised, and then when I tell them the new one is electric they are floored! Then they ask the question of "how much are they $50,000" then I'm floored!!! LOL
I have been a Hummer Guy since Arnold Drove one. I've had them all H1, H2, H3. and I only have the H2 now and won't part with it.
I can't wait to park them next to each other in my driveway!!!
When I tell them they stopped in 2009 they are so surprised, and then when I tell them the new one is electric they are floored! Then they ask the question of "how much are they $50,000" then I'm floored!!! LOL
I have been a Hummer Guy since Arnold Drove one. I've had them all H1, H2, H3. and I only have the H2 now and won't part with it.
I can't wait to park them next to each other in my driveway!!!
The last BaT auction ended at $238k on 5/23, so market's still there it would seem. Maybe just not in the room at Mecum. No Reserve: 2022 GMC Hummer EV Pickup Edition 1
Starting to seem like there will be a lot of us "Spring" deliveries that are waiting until after Spring, unfortunately. Hopefully the floodgates open soon!
Starting to seem like there will be a lot of us "Spring" deliveries that are waiting until after Spring, unfortunately. Hopefully the floodgates open soon!
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415 Posts
You Spring Guys, and Summer Guys to for that matter, need to get out of us Lee Majors. All the old guys will get the reference/dad joke and probably groan.
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159 Posts
Okay I don’t get it.
“6,000,000 man”
“ The Fall Guy”
“Farrah Fawcett”
???
Splain Lucy
“6,000,000 man”
“ The Fall Guy”
“Farrah Fawcett”
???
Splain Lucy
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415 Posts
Ok, now that I have slept, the reference even makes me groan: There are Spring Guys, Summer Guys, and us “Fall Guys”. I apologize. I will see myself out…
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114 Posts
Brilliant!!!
I feel dumb for not seeing that, I even mentioned it in my reply!!!!
Shaved Ice, you're a genius!
Now for the groan....😩
I feel dumb for not seeing that, I even mentioned it in my reply!!!!
Shaved Ice, you're a genius!
Now for the groan....😩
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104 Posts
I am wondering how many people will either refuse delivery or cancel their orders once the flipped price settles to MSRP?
I’m sure that will be the case as it seems there are plenty of people buying that have no interest in actually owning the Hummer, but as of now I think we are still months away from the prices getting closer to MSRP. I don’t think that will happen until battery production ramps up in September, and even then I bet they’ll maintain about 15-20k over sticker similar to Escalades right now but for some people that won’t be worth the hassle
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