Ford Halts Production of Mustang Due to Lagging Sales

Ford Halts Production of Mustang Due to Lagging Sales

On October 10th, Ford announced that production of the iconic Mustang has been halted due to lagging sales and a surplus of inventory. Ford’s Mustang inventory at the end of September stood at 89 days; this is 50 percents higher than the target inventory of 60 days. The Flat Rock manufacturing plant outside of Detroit that currently employs 3,702 workers will be affected by this stoppage.

On October 10th, Ford announced that production of the iconic Mustang has been halted due to lagging sales and a surplus of inventory. Ford’s Mustang inventory at the end of September stood at 89 days; this is 50 percents higher than the target inventory of 60 days. The Flat Rock manufacturing plant outside of Detroit that currently employs 3,702 workers will be affected by this stoppage.

EXOTIC CARS

Sales of the sixth-generation Mustang have declined 32 percent in the United States while sales of the Chevy Camaro have increased for the first time in the past two years. The success of the Camaro is largely credited to the very generous incentive program that is being offered by General Motors. Currently buyers of the Camaro receive $3,409 in incentives per car while Mustang buyers average around $2,602 per car. Ford Halts Production of Mustang Due to Lagging Sales

It is important to point out that a temporary stoppage in production does not suggest that the Mustang is on the chopping block. Kelli Felker, spokeswomen for Ford stated “We continue to match production with demand. Mustang remains the top seller in its segment in total and retail sales.”


Related Story

Rolls-Royce Unveils Three-Wheeled Vision Next 100

Rolls-Royce has created one of the most bizarre and futuristic looking concepts ever produced by the now German automaker. The Vision Next 100 is a luxury trike that displays large wheel covers and plenty of carbon fiber accents. The concept is long and sleek with a total length of 19.3 feet. Massive air channels can be seen running behind the front wheels that help to provide this front-trike of sorts with a space-age appearance that is unmatched by any other project currently being designed.

Read More...

在极速维加斯驾驶异域名车: US$49+

极速维加斯让您尽情驾驶梦中爱车:摆脱速度限制和堵车的烦恼。

驾驶Ferrari 拉斯维加斯

驾驶Ferrari 488 GTB

FROM US$149

加入购物车
驾驶Lamborghini 拉斯维加斯

驾驶Lamborghini Huracán

FROM US$149

加入购物车
驾驶Porsche 拉斯维加斯

驾驶Porsche 911 GT3 RS

FROM US$149

加入购物车
驾驶Audi 拉斯维加斯

驾驶Audi R8 V10

FROM US$99

加入购物车
驾驶Shelby 拉斯维加斯

驾驶Shelby GT 500

FROM US$99

加入购物车
驾驶Acura 拉斯维加斯

驾驶Acura NSX

FROM US$99

加入购物车
驾驶Porsche 拉斯维加斯

驾驶Porsche 911 GT3

FROM US$99

加入购物车
驾驶Trophy 拉斯维加斯

驾驶Trophy Truck

FROM US$495

加入购物车
驾驶Baja 拉斯维加斯

驾驶Baja Truck

FROM US$395

加入购物车
驾驶APC 拉斯维加斯

驾驶APC Tank

FROM US$299

加入购物车
驾驶Corvette 拉斯维加斯

驾驶Corvette Z51

FROM US$69

加入购物车
驾驶Porsche 拉斯维加斯

驾驶Porsche Cayman 718

FROM US$69

加入购物车