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IPFS News Link • Transportation

Betting the Farm . . .

• https://www.ericpetersautos.com, By eric

On the other hand, if you'd like to buy a new Mach-E "Mustang" EV – the latter in air fingers quotes to mock the absurdity of naming a battery-powered five-door crossover a Mustang – you will have your pick.

There are reportedly at least 9,092 examples sitting on Ford dealer lots all around the country. More than half of these – 61.5 percent – have been sitting there for more than a month, which is a long time for a new vehicle of any kind to just sit – on account of the loan. The one taken out by the dealer to buy the thing from the manufacturer. Each month the new car sits costs the dealer more, eroding whatever profit the dealer ends up making when the car finally does sell.

If it ever sells. 

What if they never do?

Ford has a huge problem on its hands. Or rather, Ford dealers have a huge problem on their hands. 9,000-plus unsold Mach-E "Mustangs" is a lot of unsold "Mustangs." A lot of potential loss, for Ford dealers – and Ford, too.

It is already not far from fall – and the 2024 model year. The 2024 calendar year is a little more than five months away. That is precisely how much time Ford dealers have to clear out the inventory of '23 Mach-E "Mustangs" before they become last year's models – and will have to be sold at fire-sale prices.

If they can be sold, at all.

In the meanwhile, Ford continues to build more of these things for which there is obviously little, if any, demand. It is a near-certainty, then, that there will be even more of them collecting dust at Ford dealers around the country – assuming the dealers continue to accept new stock of a model they are having trouble selling. And which they must keep plugged in while they're not selling – so as to avoid their batteries discharging. Add that to the cost of keeping in stock that which isn't selling.


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