You All Stopped Buying Mustangs So Now Ford Is Idling The Factory
10-11-2016, 08:46 AM
#1
MustangForums Editor
Thread Starter
Join Date: Jul 2011
Posts: 1,309
You All Stopped Buying Mustangs So Now Ford Is Idling The Factory
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.Read more...
10-11-2016, 02:06 PM
#4
Gentleman's Relish
Join Date: Feb 2005
Location: AZ
Posts: 13,090
The bigger picture, the numbers speak for themselves.
http://www.autonews.com/article/2016...nge-32-percent
Ford vs Camaro
Number of sales YTD US Only
87K vs 55K
Number of days of inventory
89 vs 139
Average Incentive:
$2,602 vs $3,409
Month to Month Decline in Sales
9.3% vs 11%
Ford is just planning ahead so it's not saturated with a bunch of cars it can't sell. It's that type of thinking that kept it from going bankrupt and having to ask for government bailout in 2008/2009.
GM is just doing what it always has, building stuff and expecting people to buy it, if people don't buy it, they discount it deeper until people do.
http://www.autonews.com/article/2016...nge-32-percent
Ford vs Camaro
Number of sales YTD US Only
87K vs 55K
Number of days of inventory
89 vs 139
Average Incentive:
$2,602 vs $3,409
Month to Month Decline in Sales
9.3% vs 11%
Ford is just planning ahead so it's not saturated with a bunch of cars it can't sell. It's that type of thinking that kept it from going bankrupt and having to ask for government bailout in 2008/2009.
GM is just doing what it always has, building stuff and expecting people to buy it, if people don't buy it, they discount it deeper until people do.
10-12-2016, 04:12 PM
#8
Join Date: Sep 2013
Location: Idaho
Posts: 13
The dealers are having a heyday with ADM. My local dealer has a used Canadian version that they are asking well above original MSRP once you convert the Canadian sticker to US Dollars. It has been there for a couple weeks. Someone will probably ****** it up soon.
10-12-2016, 08:27 PM
#9
Moderator
Join Date: May 2006
Location: Michigan again!
Posts: 8,574
Does GM still count a car as "sold" and report it in their sales numbers when the deliver it to the dealer? They used to count that in their sales, even though the car was sitting on a dealer lot in inventory.
10-13-2016, 02:59 PM
#10
Gentleman's Relish
Join Date: Feb 2005
Location: AZ
Posts: 13,090
I think most manufacturers count it that way as it removes it from the Mfg liability sheet and makes it the liability of the dealer. The difference may be how many cars each dealer must purchase to get different price breaks or incentives from the Mfg.
Don't know if you knew this but large dealers often have 'snake-pits' aka overflow lots that are offsite where they keep overstock. It's cars that they bought to get a certain discount with the hopes of selling them off as fast as they could. They called them snake-pits because a dealer often runs specials on cars in the local papers and tv channels but the fine print states (only cars on the dealer lot). So, they may have 10 cars that fit the ad but only have one on the lot they will sell at that price. You end up getting hussled into a different car without the special because they do sell that 'one' car early in the day.
http://online.wsj.com/mdc/public/pag...autosales.html
Don't know if you knew this but large dealers often have 'snake-pits' aka overflow lots that are offsite where they keep overstock. It's cars that they bought to get a certain discount with the hopes of selling them off as fast as they could. They called them snake-pits because a dealer often runs specials on cars in the local papers and tv channels but the fine print states (only cars on the dealer lot). So, they may have 10 cars that fit the ad but only have one on the lot they will sell at that price. You end up getting hussled into a different car without the special because they do sell that 'one' car early in the day.
http://online.wsj.com/mdc/public/pag...autosales.html
