With a new 2005 model coming out in the fall, supplies of the current design are running dry. April 22, 2004: 1:49 PM EDT By Peter Valdes-Dapena, CNN/Money Staff Writer
NEW YORK (CNN/Money) - With a new, redesigned Mustang due to start production in the fall, supplies of the current version are expected to dry up this summer as demand outstrips expectations, a Ford Motor Co. spokesman said Thursday.
2004 Ford SVT Mustang Cobra The spokesman, Wes Sherwood, said the automaker expects supplies of the popular pony car to run out before it can launch the new, redesigned 2005 version. Mustang sales are up 16 percent so far this year, surpassing Ford's expectations.
Ford's legendary Rouge plant in Dearborn, Mich. has been cranking out Mustangs on overtime to keep inventory filled, according to industry publication Automotive News.
Mustang production at Dearborn will end May 10, the Ford (F: up $0.93 to $15.87, Research, Estimates) spokesman said. The new Mustang will be produced in the fall -- Ford won't give a more specific date -- in a Flat Rock, Mich., plant operated in a joint venture with Mazda.
Thanks to the overtime production effort, Mustang supplies had been high through the winter months, when Mustang sales usually slack off. This past January, sales were 47 percent higher than last January.
Sales for the rear-wheel drive Mustang are usually strongest in spring and summer, and now inventories are dropping fast, Sherwood said. Automotive News reported that, on April 1, Ford had a 96-day supply of Mustangs on hand, down from a 127-day supply one month before.
The car's unique place in automotive history is probably driving some of the current demand, according to the spokesman. Not only is this the last Mustang to be produced at the Rouge plant, but all Mustangs this year sport special 40th Anniversary badging.
"For the Mustang enthusiasts out there, this is going to be a really collectible car," said Sherwood.
The current $3,000 rebate on 2004 Mustangs is expected to continue.
"We feel that the incentive is at the right place right now to keep sales brisk," said Ford spokesman Miles Johnson.
Those who want a convertible Mustang will have to act fast or they could be in for a long wait. After the current stock of convertibles run out, buyers will have to wait until spring 2005 before a convertible version of the new design becomes available.
Well, as the article said, Mustang sales are up something like 18% this year and since Frod recently closed the Dearborn plant and they only have a 90 day supply, that means that the Stang won't be able to be bought after August.
I think they planned it right, running out of them in this time frame. Problem will be is that they WON'T have enough '05's to go around.
Yeah it has Dan...remember a while back when I told you they were harder to come by, just in those few weeks...I don't see any sitting on any lots anymore!
GT's and Cobras are plentiful.
Glad I got mine already..will you please hurry and get yours?
Good News--------Was at a Ford Dealer here the other day and they no shortage of anything except Mach1 at any of the dealerships here in the Tucson,AZ area, rebates on some them-------------- NO SHORTAGES
here in knoxville, TN I went to 3 dealerships over the past 2 weeks
one had a USED 03 mach 1 two had one NEW GT two had one NEW cobra convertable two had one NEW cobra coupe one had one NEW mystic cobra
all of them said they are running out of mustang/mach 1/cobra's and two of them told me to expect long delays on the 05's hitting the lots and they are pretty upset because they will be without any mustangs or cobras for a few months more than likely. =o
I saw a beautiful new Black Mach 1 sitting outside Phil Long on Wadsworth in Denver yesterday, so if anyone is looking for one there ya go. They have about 50 V6's sitting out there, sold both the Mystichromes though and the Roush Stage 2, but still have some GT's and a few 03-04 cobras. Oh, and they were auctioning off the GT40 they got, some lady put in a $500,000 bid for her husbands birthday present, must be nice .
< Message edited by Mystic_Eats_Rice -- 8/13/2004 5:48:14 PM >
They're hard to find here... especially the Convertibles... dealership I went to had the most by far... that was like 8 new ones, only 3 of which were Convertibles... (1 was the 46,000 Cobra with the Mystic chrome paint job SWEET!!)... guy at the dealership told me the 05 Convertible won't be out til May so expect them to get even harder to find (though who looks for one in the winter?)
the supply in demand will keep prices way up. if dealers think a shortage is approaching they will make them almost unaffordable, that way they can keep some ont he lot, they will always be available...if you got the cash.
ok all the different models,so would i be correct in saying the new '05 GT is going to be in short supply? as im looking to import one back to England and if supply and demand takes over the price for me will rocket and it is already going to run me approx $43,000 usd
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Ford running out of Mustangs - 
RE: Ford running out of Mustangs - 
