Ford inventory hits record as cars pile up and sales decline
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- เผยแพร่เมื่อ 13 เม.ย. 2024
- Ford inventory hits record as cars pile up and sales decline
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#ford #fordinventory #fordevs #evsales #evproduction #evnews
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I think a huge part of Ford's problem stems from their Dealers' earlier price gouging
Some of it yes. The stealership model won’t work for EV’s. The ridiculous price gouging they tried has left lasting damage on Ford’s EV reputation. They will need to work very hard with new lower priced models to get this back.
@@ISuperTedFord told dealers they would be barred from sales if caught. Ev are ordered from ford site and dealer only got delivery price. I have pictures of $20k “ no stock” tacked on by deal in town, sent to that to ford. They no longer have ‘those additional’ charges.
Trucks used to be utility vehicles and have become ridiculously expensive.
Hi Sam, greetings from the U.K. Such a shame about Ford, the company has a great legacy of affordable good cars, the Cortina, Escort and Fiesta. But it has lost its way in the last decade or so with poor reliability and poorly conceived offerings. The little 1 litre Ecoboost engine is a disaster and their auto-gearboxes are truly terrible. Such a shame.
Actually, an increase in inventory from 1.9 million to 2.9 million is 52% increase.
Correct. 👍
I was beginning to wonder when the truck market would reach saturation. There has to be an end to it, not everyone wants to drive a truck.
I rented a Mach E a few months ago on a trip, and I really liked it. I prefer the interior over Tesla. and 280mi of range is very nice, although I only had about 100mi of driving. I definitely will be buying an electric car when my old fiesta shits the bed, which may take years. But hopefully by that time we have even more choices of EVs
In-vent-tree, I love it.
Never change Sam!
Tough situation. Ford has dug itself a big hole . It will be interesting to see how they get out.
Slight correction n the inventory increase: 1.9 to 2.9 is a 52% increase!!!!!
I get 41.67% difference between 1.9 and 2.9.
@@davidrandall2742 that answer would commonly be referred to as WRONG.
To put it another way. Ford has produced half a many cars as Tesla made all year that it hasn't been able to sell.
Great to see inventories go up! Prices will go down. This whole inflation thing was on pandemic printed money. Now these are flushed and people don’t have cache to buy expensive
Nope. Its been shown that 1/2 of inflation is -additional profit-. Most products have little to no competition. Most apparent competition is brands owned by the same people.
The other 1/2 is supply shocks.
Inventories up for all manufactures. With the cost of the expensive vehicles and the interest rates high the buyer who can afford these are few. Rivian is struggling to get rid of their inventory as well. Because of cost.
I think Dodge ,Ram, Chrysler and Jeep are in worse shape?
WHAT?! No waaaaaay? Pricing base line vehicles around $50k and top trims over $100k+ is making the average consumer not buy vehicles from certain brands, causing "lot rot" from left overs from previous year models? Wow, if only economists and manufacturers couldn't see that coming that no one wanted to spend 2-3x more on a vehicle than they did 5+ years ago. Inflation may have played a small part, but over all these prices and choices by manufacturers have put themselves out of reach of the average customer unless they take an irresponsible high interest rate 8-10 year mortgage like auto loans (to which the vehicle wouldn't last that long these days anyway). I feel no pity for their obvious greed.
Granted that I am a fossil, but it seems to me that pushing those oversized luxury pickups with small beds while discontinuing sedans, allowing parts suppliers to integrate horizontally, failing to deliver vehicles in a timely manner, and charging exorbitant prices could have something to do with Ford's current inventory problems. Well, our 2012 Toyota Camry Hybrid will probably last longer than we do. Ditto for our Honda Fit/Jazz. No reason to change.
1.9 million to 2.9 million is over a 50% increase actually. If it went down that would be a 35% decrease. 😊
Vikings were never known for being mathematicians …
Just give mary barra and farley another 20-30 million dollar bonus and sales will increase I bet.
Forgot to mention that’s up in Canada where plattys go for 125,000 before the discounts.
Yes... This... Pricing just got absolutely ridiculous in the past few years. Yes they had to renegotiate wages and now have $1000 more in labor costs. Where did the other $59 000 increase come from? They priced themselves right out of business. All our future company trucks will be EV's but they have not delivered a compelling truck for us to buy. They have the worst range, worst charging speeds, worst software and are priced as if they are made out of gold. They made absolutely no improvements to the 2024 lightning making the value even worse as more competitors come on line.
Because of the "great deals" Canadian Platinums around $95k. I went to dealer to look at one. Only to learn that all of them had main features removed due to chip shortages (ie. no scales, no massaging seats, no heated steering wheel). HELLLO FORD. What is so platinum about this truck. Why would I pay $95k. for severely outdated tech and lacking all the promised features it's supposed to have? This truck will be worthless in 5 years, when 600 mile range and 20min charges will be the norm. At a moment of weakness, I offered $75k CAN and luckily they declined.
Legacy auto books cars in dealer inventory as sold. Next quarters sales figures will be decimated.
Which part of Australia say inVentory instead of Inventory?
Most ex-British countries don't use that word, we say stock.
None,😮 it's a viking thing😊
Hillbilly ausie
Hey man, I agree with you, lots of money will be made. But real money actually lays in pre-sales, and I think Cyberopolis is one of the best picks for the bull run.
Is it something to do with the mini recession?
In what countries?
Can't be. CNN says the economy is just great!!
Morning mate
Honestly, I’ve owned many fords over the years, and have one now (a ‘65,lol) and Ford’s biggest problem is its dealers. They will never sell anything with dealer gouging.
That's silly. I used to sell cars, and when cars weren't selling, we were giving them away (and our commissions). You can't "gouge" when every other dealer in town has a ton of inventory to move.
@@ohger1 you obviously haven’t tried to buy a dark horse lately. The dealers also shot themselves in the foot by marking e mustangs and lightnings way over retail when they first came out. It left a bad taste in everyone’s mouth. I bought 2 teslas because of it.
Fox is still live in the past, still made big trucks and SUV. Nowadays we need small cars as we drive in city. Fox is declining. 😂😂😂
For everyone complaining about the inventory pronunciation, remember that he is probably speaking British English. BE is pronounced with three syllables. And although I think it should have more emphasis on the first syllable instead of the second, I would like to ask all the complainers this: how many languages do YOU speak? For most of you the answer will be one.
You are right. My strategy is to find as many good projects in presale phase as I can. Real money is there. Cyberopolis is my number one pick, and presale is almost over.
Demand destruction was inevitable with cars getting pricier and interest rates rates staying up
I would like to see trend lines of the major legacy manufacturers vs tesla over the last 4-5 years to see if tesla is running away with the market or slowly having its lead eroded.
When the manufacturer produces engines that don’t work properly and installing more expensive electronics than needed or wanted this is the result. No one can afford a forty thousand dollar vehicle that requires engine replacement after 30k miles or the electronic interface is ruined.
That's all ferrari's, lambo's, mclaren and bugatti's
Love your work Sam, but try pouncing it "Inventory".
There is an "o" in the word.
Not Invenrtree.
What is pouncing ?
Try typing it pronunciation not pouncing.@@markcreighton3733
Do you also tell the Americans and some of the Aussies to say 'battery' instead of the 'baddary
" God dei might "
Both versions are used liberally. Or we could just say stock - inventory is a decidedly American-only word.
I the it's really funny that TH-cam gives me a ford ad on this video
IN - VEN- TOR - Y. 4 syllables
Take the hit. 30 thou off the list for a platty and I bit. Super glad I did !
There would be less car loan defaults if the fed lowered interest rates. Jeannine
Henry Ford would think Tesla is the new Ford.
Manufacturing practice like we’ve never seen before puts legacy auto to shame
Is that because of Musks' reputed anti-semitism?
@@glennmartin6492 do you think for yourself or are you spoon fed?
@@asajelfs8170 Why? Do you like anti-semitism? What I've read shows Musk allowing anti-semitic posts too much on Twitter. I haven't read direct Musk quotes that would nail him too that position but then I don't pay him much attention.
@@glennmartin6492 It's called free speech and it's not illegal.
Ford ranger In australia is still going gang busters
When a manufacturer isn’t know for quality products you don’t risk buying their newest technology. Common sense!
Looks like fords funked cheers mate
These are not EVs I gather ??? or a mix of EV and ICE vehicles ???
The race for short term profits in ICE vehicles only prolongs the eventual profitability of any EV efforts by a manufacturer. And as we see in world events all it takes is one action by a single nation to throw a wrench into the whole entire world oil supply. The rapid transition towards EVs is good not only for earlier profitability but also for national security.
Ford just need to pause factory for 2 months - send everyone to early summer break!
Ford is putting all the eggs in the more lucrative trucks. There is no product diversification. However it slso reflects Ford's inability to compete in the car market. Also the GM should be having the same fever.
Kodak!
People hate going to legacy auto dealers. You always walk out feeling cheated.
New car purchase, used car purchase or vehicle repairs are all painful and not a pleasant experience.
No one wants to deal with people that they feel are cheating them .
This makes Tesla's online buying process in 5 minutes even more attractive.
I can't help but laugh when people call the leviathan class "full sized" trucks "light trucks".
Ford is suffering from the same thing that is hurting the rest of the industry, particularly the big three. They didn't read the room very well. The cost of living in America has been rising, wages haven't been keeping up and most people are feeling stretched. Manufacturers should have been noticing this and worked on reducing the prices of their offerings, offering lower trim levels and redesigning their next generation of vehicles to be smaller and less expensive to purchase and operate. That didn't happen and many manufacturers, particularly Ford, GM, & Dodge/RAM are suffering the consequences.
Sheesh!
Dude. Not only is there an O in inventory, it's also in the pronunciation :-)
When gasoline is 25 cents a gallon, I’ll consider owning a gas guzzler pickup truck.
Sure Ford is having trouble but it's worst problems are with the once popular Mach E and Ford F150 lightning. While the higher interest rates are hurting the entire auto segment, EVs in particular have always been a loser financialy for every BEV maker in the world other than Tesla. Now with a price war and bad economy combined red ink is even worse. The advantage of established companies that have made ice and hybrids for decades is they have a large number of installed base vehicles that need service and repair and dealers. Few BEV makers have a dealer network for repairs and even Tesla generally must go to other makers to get repairs done.
It’s tough to sell a 8% car loan for an $85,000 truck…… I don’t care who you are or how good of a product you have.
Must be an oversupply issue, maybe Yellen should have a chat to them
F150 ev. $15k off , 7k in accessories, 7.5k gov tax write off. Yeah on a $90k truck.
Then they came out dealers where adding $20k.
Rivin company in bankruptcy. Teslas have even worse driving range and not worthy of fleets
Poor quality an reliability is the main problem, they need to get rid of their bean counters
Loan default is what happens when you oversell to customers with limited income and make it work by fabricating an upside down long term loan that is so bad they can't sell the car for enough money to pay it off in the event of a job loss or other life event. They up-sold and enjoyed those Gravy Train years for too long and its finally caught up with them. Wouldn't have happened if they made cars people could afford instead of trying to sell them Affluence/Luxury/Performance/Fluff they couldn't really afford. Much of it really is of their own making due to Extreme Greed. Lets face it, few OEM dealerships try to sell you what you can reasonably afford but try to steer you to something that you can barely afford by quoting some low monthly payment scheme on a "Magic" lone (little to no downpayment) that has such a long term that you are upside down on the loan payoff the moment you drive off the dealers lot.
Best!
Ford dealership, where you go to buy technology from 20+ years ago.
Nah man, Subaru. I love my subies. But even brand new they’re like the Nintendo of cars, always a generation behind.
Toyota doesnt seem to have this problem with their hybrid models. Wait list for 6 months.
I thought they were going bankrupt? 😂
We would only consider buying a Toyota, Honda, Tesla, or Rivian. 🤷♂️
Tesla inventories growing and shifts are being reduced across their sites. Ford setting the pace of decline! However, hybrid’s a growing. 👍
The worst purchasing decision is a filthy hybrid. Produces more pollution than ICE
All they sell here is SUVs and pickups.....no cars....oh the mustang coupe
I estimate Tesla has at least 120 days of inventory.
26 days
@@spiritedgarage I don't know what "26 days" is supposed to mean. That's not how many many days of inventory Tesla has.
@@free-qe6wx ow my bad, I thought we were just making up numbers
A truck that has become increasingly popular, and for which there is almost no inventory, are $40,000ish Honda Ridgelines.
I don't understand why anyone buys these big, expensive, fuel-sucking vehicles; they're another mortgage payment, and few people need them.
When your cars coat as much half your house
I'm beginning to wonder if there'll be an American autobuilder left in twenty or thirty years.....😢
Tesla
Ford sales are UP 7% so far this year. Lincoln sales UP 30%. So what is your point? And repos affect all manufacturers. Furthermore, Ford has always had big inventory and rebates. Now the economy will probably deteriorate as the year goes on, but not yet. And that will affect everyone, not just Ford.
Someone please make a simple truck that can tow a medium size travel trailer. No plastic cladding or plastic chrome. A large simple in line 4 cylinder. A two speed differential and a rugged automatic or stick. I don’t want to talk to it or it to me. No gps I have one on my phone no Bluetooth connectivity. The two speed will make it tow, or not, my choice. 4 wheel steering would be nice. Please no gigantic grill.
Two points, Ford has proven Toyota right, and Ford has the ranger, which are selling. I thought Ford had one shift of the lightning still going. Ford just has to make smaller cheaper cars.
Now might be a good time to buy a Ford if you find a car they build that you like …
Are we still Building Back Better???
So it seems Ford has their biggest inventory hangover in expensive trucks that generate the highest profit margins? Just a few years ago management decided on their strategy to focus on exactly that segment, abandoning small (affordable) cars and unprofitable foreign markets. Unfortunately, markets and economic forces change. Of course they can't keep making EVs that drain huge chunks of cash, that would be dumb. They should ask Tesla to build them factories that produce cars and trucks Ford will design and label in the USA. Or, just ask Uncle Joe for another $trillion in an election year to prop up GDP and UAW jobs for a little while longer. Heaven forbid that the Ford board of directors should lose their jobs, pensions for life, stock buybacks and executive bonuses in return for decades of mismanagement.
I like the Pi project, but still there is no money to be made here. I put my holdings in Cyberopolis, easy 50-200x
Ford is making all the wrong moves, other than their EV skunkworks.
One of Ford's biggest issues is that they are no longer associated with quality. Ford has had too many major F ups that have led to major recall after major recall. The bean counters in their parts procurement dept are part of the problem.
Having said that, GM is even worse off. GM has their new EV pickup but how many are they making? They never plan to scale that truck or their EV cars until they are not making losses on them.
But before you can make profits on EVs you have to scale your production well over hundreds of thousands of EVs. To do that you need dedicated EV factories and dedicated EV supply chains..... none of which GM has put into place. So through this lens Ford was making the right moves but put out non-competitive EV products (slow to charge...too expensive)... which is why their sales fell.
Now Farley has talked about a new mid-size EV pickup but that they won't start production on it until they know they can sell it profitably from day 1. What this means is that Ford will NEVER achieve profitability on their EVs! You have to produce them enmasse to get them to where they become profitable.... they never will be otherwise since to make them profitable from the start, the truck would have to return all the investment in the factory, parts, development, etc. Only ramping up production can achieve that.
Let's face it, the OEMs will hobble along selling ICE cars and hybrids to people they can easily fool with commercials and paid for news ads. Meanwhile EV makers, and in a few years robo-taxi, eats their lunch.
There will not be time later for the OEMs to shift fully to EVs and stay solvent. I am convinced that their CEOs know this and are just milking the public for the money they can squeeze out of them with an eye to a govt bailout to pay for their transition to EV manufacture later. The ultimate problem for that plan is that the OEMs will have lost a huge chunk of marketshare to other EV makers.... and they will never get it back. Plus, any EV that they do produce would have to be competitive in value and price from the get go... which by then they probably won't be. They are screwed.
Channel stuffing! What is the meaning of channel stuffing? Channel stuffing is a deceptive automobile manufacturers business practice used by a car manufacturers to inflate its car sales and earnings figures by deliberately sending dealerships along its distribution channel more products than they are able to sell to the public. Hence, increased inventory on dealer lots of cars they cannot sell.
don’t think that Henry Ford had that kind of attitude when he first started up his company when it was a minnow maybe Ford needs to take a piece of Humble Pie and start to Act more like a start-up then a privileged legacy company😊
Highest Days on Market, Tesla:
- Model 3: 203
- Model Y: 240
Also Cox:
"Sales in Q1 rose 2.6% year over year, but fell 15.2% compared to Q4 2023."
"According to Kelley Blue Book estimates, Tesla sales in the U.S. were down 13.3% year over year - well below the typical double-digit growth that had become routine with the Tesla brand. Tesla’s share of the electric vehicle market in Q1 2024 was 51.3%, down from 61.7% one year earlier.
Love the trolling. Keep up the great work with those completely made-up figures. Tesla inventory is probably about 3 to 4 weeks.
@@douglaswatt1582 Tesla's inventory was worth $13.6 Billion in end of 2023 and they produced 45k more cars in Q1 2024 than they sold. If you use $50k/car, Tesla's inventory in end of 2023 was 272k cars and it increased by 45k cars in Q1 2024.
Correction - there has never been a Chevrolet truck that was better than the worst truck Ford has made.
Ford is in a mess because it has been horribly mismanaged - they have nothing I would even consider buying.
Pickup trucks are too big. Trucks from the 1990's were much smaller and better suited for most people.
Yes Ford now makes a smaller pickup but it is of reduced quality and durability and compares poorly.
Legacy auto makers need to look back at their trucks from the 1990's and see what made them great.
Who’s watching in 2035 ? We said in 2024 that EV sales will stall & all governments would bail out the manufacturers, Ford, Vauxhall, Peugeot would have collapsed in 2027 if the governments hadn’t stepped in
I’m personally not buying another car until we get some cheap electric cars over here or trucks. I don’t care. I’m not buying another gas card. Oil isn’t an unlimited supply. It’s harder and harder to come without going to war in another country because you want their oil they discovered all the wars that were mainly over. Oil.
good reasons spend 50 plus someone steels in seconds moves more replacement than dealership.lol.how about dealership don't want e v or for that matter fix ev take a ford in for trade in if you didn't know already how much ownership takes out from your life .if that isn't enough wait for ford hydrogen lord have mercy on us.
~1:20 that's not a "35% increase"
it's a 50% increase... learn math.
I don’t understand why you make cars every year anyway they got too greedy expecting people to want a new car every year
In-VEN-tree. Funny! New cars are too expensive, the cost of financing is up and so is everything else that people buy. An ICE powered vehicle can last 20 years and 250,000 miles, so people are keeping their old vehicles for a long time. If ICE vehicles are too expensive, what does that say about electric vehicles? One day, electric cars may be less expensive than ICE, but not yet.
it seems to me that people treat EVs like a appliance that moves them around compared to ICE as their "car", and some of these EVs looks outdated tech, unreliable and inefficient
Seems like you know absolutely nothing about EVs !
Besides Tesla, most of the EV instrument panel looks something from around 2010s. The software looks terrible, they're also very heavy and has problems with battery degradation.
@@bemon31416 Yep, I was right!
In-ven-Tory
FORD WOULD SELL M!ORE VEHICLES IF THE PRICE WAS $40k NUFF SAID!!!!!!!!!!!!!!
stealerships will kill ford
GM will be gone within a couple of years.
Government motors bailout
And then bailed out to restart with Mary probably $100m richer.
@@sparkysho-ze7nm. You mean the loan they paid back 5 years early, that bailout?
Gm selling
The reason the EV pickup trucks sales are declining is because owners of them are realising that as soon as you load them up, your range is drastically affected
Declining how much ?
Yes, so unlike an ice truck huh?
Only Toyota sells well, quality counts.... . A Ford is rubbish.
My daughters first car was a Toyota diesel and the engine died
Unaffordable to repair
Toyota needs to build the car of the future or they will be Kodak II
@@casperhansen826 oh please, don't make a fool of yourself. Toyota spends more than 100 billion in bevvdevelopment and production. In july the Toyota subcompact ev will be introduced in Europe..... . Meanwhile the sell mlns of Hybrids....
@@avdp9095. Kodak sold quite well too until it didn’t!
@@ronz7046 it is really nonsense to compare Toyota with Kodak. Toyota will have a full line up of EV'S in 2026, and hybrids, and diesels, and fuell cell, and hydrogen engines and plugins all develooed for specific markets. They are fully aware that northern Europe, Scandinavië, Netherlands, Germany will be full EV from 2030 onwards... Norway is already 95% of all sales an EV. And keep in mind, the 2nd bestselling EV in Norway????? The Toyota BZ4X......
"Inventry"?? Say it correctly - "in-ven-tory"!! Inventory, man!!
Nobody wants EVs in the US. No need for them.
The need is climate catastrophe in process dummy
Ok I’ll try to get that info out to all the EV owners!
@@ronz7046 ❤️👏👏👏👏👏😅
Ford cars are not brilliant
Wait now... Ford still makes cars?
In Canada: just a sea of piggy-piggy bloated SUVs and ginormous trucks. Oh, and the Ranger, which is now the size of what a full sized 1/2ton light truck used to be 3 decades ago.
At least in Canada, they don't go out of their way to advertise that they sell the Mustang, even.
Do they actually make a car in other markets?
Is called in vin tory....not in ven tree.... The way you're saying it hurts my ears... And it's highly annoying... The way you're saying it is not even a real word
Are you signalling to the market that Ford is about to crash?
If you want total BS about the car market just listen to Viking, not just an ordinary liar, but a humungous effing liar.
Really? Do you have specific instances in mind? If so, share.
@@seniordockman2946 Just listen to this video for this site, then go and search out the true facts about inventory, and Ford profitability, I'm not doing your homework.
@@bruceburns1672 So actually, you are just making statements without any supporting evidence. Typical.
@@seniordockman2946 OP is right. This is a bad propaganda and biased channel.
@@seniordockman2946. They never do, just word salad like their dear leader.