Ford Division raises '03 model prices for second time
By JOHN K. TEAHEN JR.
DETROIT - Ford Division, like the Chrysler group, has raised prices for the second time on 2003 models. The latest Ford hike averages $126 on cars and $191 on light trucks, an Automotive News analysis finds.
Ford Division's earlier increase averaged $111 on cars, which makes the 2003 boost $237.
Earlier truck price hikes were $162, so Ford has bumped 2003 light trucks an average of $353, according to Automotive News. The increases average about 1.1 percent for Ford cars and about 1.5 percent for Ford light trucks.
The figures are sales-weighted, but they are not adjusted for year-to-year equipment changes.
In its latest pricing action, Ford Division's increases amounted to $150 on the ZX2, $75 to $100 on the Focus, $160 on the Taurus, $140 on Mustang coupes and $170 on Mustang convertibles. Crown Victoria sedans went up $100.
Truck price hikes covered a wide range, from $80 to $530 on pickups and from $60 to $800 on vans and sport-utilities.
Base XL models of the best-selling F-150 pickups were not raised.
Thunderbird prices were not increased this time.
Last month, the 2003 T-birds were raised $950 to $995. The Escape sport wagon also missed this month's increase.
The 2003 Ford cars and trucks carry rebates of $500 to $2,500 in Ford Motor Co.'s current incentive program.
In lieu of cash, 0 percent financing for 36 months is offered; it is 60 months on the Windstar minivan.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....