Ford offering $1,000 discount to buyers willing to wait for new vehicles

Time is worth more than it used to be for Ford customers.

The automaker has doubled an incentive program for shoppers willing to wait for custom order vehicles, many of which are being delayed due the ongoing parts shortages affecting the auto industry.

The program is offering $1,000, up from $500 according to Cars Direct, on most vehicles in the lineup including the top selling F-150 pickup and Mustang.

Exclusions include the electric Ford Mustang Mach-E, the upcoming Bronco and the subcompact EcoSport, which is imported from India.

As with many automakers, Ford has gone through several rounds of temporary factory shutdowns due primarily to a shortage of semiconductor chips, but also other materials affected by supply chain issues. It has also been manufacturing some models incomplete and storing them in lots until the chips become available to be installed.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Dealer inventory levels had dropped to 33 days supply at the beginning of May, which is about half the normal level.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Most Read

Best time to list your home for sale is Thursday, research suggests

Springsteen Returns To Broadway June 26 For Limited Run Of ‘Springsteen On Broadway’

Now’s Your Chance to Buy One Of Montana’s Famous Treehouse Chalets

The Most Beautiful June Birthstone Jewelry: Pearls

From Blockchain To Content, New Industries Will Lead The Fashion And Style Sector

The E.U.’s Digital Covid Certificate Could Soon Be Available To Americans

Hyatt Launches ‘Explor-cation’ Campaign Pairing Experiences With Hotel Stays

Stores enlist shoppers to stop bad behavior against workers

Chrissy Teigen's Vrbo ad receives backlash online: 'We deserve better'

Beyond Yosemite: Exploring Historic Mariposa County As A Gateway To The Iconic National Park

After $4.5 Billion For Atlantic FBOs, KKR Pours A $150 Million Nightcap To Jet Edge

Here are the best and worst places to job hunt this summer

Sampling is back at Sam's Clubs nationwide

In Timing With ‘In The Heights,’ NYC & Company Launches ‘The Latino Experience In NYC’

Destination Spirits: How This Mexican Resort Uses Their Proprietary Label To Educate Guests On Tequila

American Airlines asking Dallas-based employees to volunteer to work without pay as travel skyrockets

New Book Explores The Art Of Marijuana Etiquette

American Airlines resumes in-flight drink service to main cabin, extends booze ban

Tanya Taylor On Launching Swim And Children’s Wear, And Being A Sustainable And Size-Inclusive Brand

Get The Polished Undone Hair Look With Balmain Hair Couture