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

Hurricane season prep is underway at Lowe's, Home Depot: Here's what you'll need

McDonald's is using automated voice ordering at 10 Chicago restaurants

This $35-Million Estate In San Diego Was Modeled After Monet’s Garden In France

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

How Venture Capitalist Jeff Ransdell Created His Dream Office During The Pandemic

Q&A: Garbage’s Shirley Manson On New Album, ‘I Feel Like I’ve Been Waiting My Whole Life To Write This Record’

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

Vacation House Rules: Pack These Essential Tips For Staying In A Summer Rental

New Book Explores The Art Of Marijuana Etiquette

Best Buy to close on Thanksgiving Day following Walmart, Target

Chili's joins chicken sandwich wars with 'special sauce'

United To Bring Sustainable, Supersonic Flights To The Friendly Skies

AccorJets Claims To Be Owned By French Hotel Company Accor—It’s Not

Kentucky Derby Winner Fails Second Test, Churchill Downs Bans Bob Baffert For Two Years—Win Bets On Mandaloun Won’t Be Honored

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

Seaside Saint-Malo In Brittany Has A Canadian Connection, A History Of Privateers And Great Food

Trudeau: Canada Is Working On A Phased Reopening — But Only For Vaccinated Visitors

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

Business Travel: How To Get Your Team Back On The Road

Lockheed Martin defends employees attending training to address White culture