US:Ford offers deals on new cars, price war escalates - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 06-06-2005, 07:08   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford offers deals on new cars, price war escalates

Ford offers deals on new cars, price war escalates

Reuters

DETROIT (Reuters) -- Ford Motor Co., which has warned that its automotive operations may not be profitable this year, on Friday said it was offering cash rebates for the first time on several new cars and sweetening incentives on its slow-selling Explorer SUV.

The move came after the second-largest U.S. automaker on Wednesday reported its 12th straight month of declining U.S. sales and after rival General Motors ratcheted up Detroit's long-running incentives war with an aggressive new consumer rebate program.

GM, suffering from a sales slump as well, said on Wednesday it was offering all customers the same steep vehicle discounts it gives employees.

Analysts have likened the GM deal to a clearance sale, aimed at slashing inventories of unsold cars and trucks by selling them off at wholesale, bargain-basement prices.

Ford -- which earlier this week raised cash incentives on a few other vehicles -- said it would now offer $1,000 cash back deals on its 2005 model Five Hundred and Montego sedans.

The deal also applies to the 2005 model Freestyle wagon, a Ford spokesman said.

The three vehicles were launched last fall and had sold without any customer cash incentives until now.

The automaker also raised the cash rebate on its four-door Explorer sport-utility vehicle by $1,500 to a total of $5,000.

U.S. sales of the Explorer fell 35 percent in May from May of last year and are down about 25 percent so far this year. High U.S. gasoline prices have hurt sales of many mid- and full-size SUVs, but especially the older, fuel-thirsty models offered by Detroit's traditional Big Three.

Despite its sales slump, the Explorer remained the top selling SUV in the United States last month.

Ford Motor Co., which saw its U.S. sales slip 10.6 percent in May from May 2004, according to the Automotive News Data Center, is preparing to launch a redesigned Explorer this fall.
__________________
Stacy94PGT
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.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 04:22.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.