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45k Ford trucks, SUVs waiting on parts, $1B loss

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Nearly 45,000 customers are waiting on parts for their new Ford trucks and SUVs, and this is currently running up an estimated $1 billion loss for the automaker.

Earlier this week, Ford Motor Co. said it will end up with between 40k and 45k trucks and SUVs sitting on lots that can’t be shipped due to missing parts, according to a CNN.com story.

Shortages hammering Ford trucks

The reason for all the Ford trucks and SUVs sitting around is the ongoing parts shortages from a clogged global supply chain.

We’ve talked with Ford and other brands who have all said they are not just running out of the much-covered semiconductor chips. Instead, they are running out of literally everything.

Items such as rubber molding, seat foam, aluminum, etc., are causing plants to idle for weeks at a time.

Compounding the issues are the lack of transport companies able to meet the surge in demand to get trucks from rail yards to dealerships.

All of these issues are causing automakers to report lower sales, send trucks without features to be added later or simply closing order books rapidly to tamp down demand like the case of the 2023 Ford Maverick which closed its order books just five days after it opened.

Ford’s $1B loss

Including in the announcement about the number of vehicles awaiting parts was the company warning it will lose $1 billion due to the shortages and rising prices of supplies.

Ford declined to name the suppliers who have raised prices, but it said negotiations on various supplies are raising costs.

The largest supplier cost increases seem to revolve around electric vehicles with Ford raising prices of its popular Mustang Mach-E and F-150 Lightning by thousands of dollars year over year.

There have also been increases in its popular F-150 lineup of trucks as well as some deletions of base trim levels, which raises prices as well.

The bottom line

Long waits for vehicles, raising prices and raising costs for automakers are translating into frustrated consumers. These shoppers are paying more not only for a new vehicle but also rising interest rates. What does this all mean? Now is not a great time to buy a new vehicle.

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Tim Esterdahl

Automotive Journalist Tim Esterdahl has been a lover of trucks and SUVs for years. He has covered the industry since 2011 and has pieces in many national magazines and newspapers. In his spare time, he is often found tinkering on his '62 C10 pickup, playing golf, going hunting and hanging out with his wife and kids in Nebraska.

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1 Comment

  1. Jethro January 1, 2023

    Is any chance those trucks that have been sitting for these chips since late 2020 . Are they going reducing their prices on them for the public to buy later?

    Reply

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