Ford Mustang sales hit 45-year low
The Mustang has enjoyed an uninterrupted production run of (nearly) 45 years, with average annual sales topping 200,000 cars during that time. However, with the struggling economy and the 2010 Mustang set to hit dealerships in the spring of next year, sales of the normally hot-selling pony car have gone from a gallop to a slow trot. November sales totaled just 3,667 units, an all time monthly low that is more than a 50% drop compared to last year. Total sales for the year are down more than 30% compared to the first eleven months in 2007. On the positive side, if you prefer the looks of the current 'Stang compared to the new one, you can probably get a pretty good deal at your local Ford dealership. Many dealerships still have quite a few 2008 models they need to move off their lots, and Ford is currently offering employee pricing (GT500 excluded).
[Soure: MustangBlog.com]
Reader Comments (Page 1 of 2)
Josiah 8:17AM (12/05/2008)
Even though this is mostly related to the 'lame duck' status of the current Mustang, somehow it also makes me worried for the new Camaro and Challenger as the market for those retro coupes may be shrinking.
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Sid 8:28AM (12/05/2008)
It also might be people waiting for the new Camaro before deciding between the Mustang and the Camaro. Also a spike in interest in the Challenger.
Ricahrd 8:37AM (12/05/2008)
Are you guys serious? It's all in the economy. Most people don't care about a car(Camaro) that is not even out to compare with.
I don't know if you guys are paying attention but the economy is REALLY REALLY BAD. No one is buying cars nearly as much as last year.
I'm not sure why this is news worthy.
Dude 8:58AM (12/05/2008)
@Ricahrd
People who buy sports cars do care about a car that is not out yet. You're thinking of Camcord buyers.
MUSASHI66 10:24AM (12/05/2008)
Sports cars? Please. Huge majority of Mustang sales is V6 Automatic models - hardly the enthusiast pick. Most people that buy Mustangs are the same type of people that buy Camcords, but don't want a "boring" family sedan, they want an "exciting" coupe, so they buy the V6 automatic that is probably slower than a V6 Camcord.
Randy 10:27AM (12/05/2008)
Here's my calculation:
US Recession + New Model on Horizon + Two New Competing Models + Percentage of People Unable To Get Loans + Unemployment Rate = Lower Sales
Christian 11:51AM (12/05/2008)
MUSASHI66:
The GT is the higher volume seller. Good try though.
akboss 8:24AM (12/05/2008)
There will always be an enthusiast market for Mustang/Camaro/Challenger, but tough economic times forces some people to think more practically than big motors and 2-door coupes. I myself would love to drive a Mustang GT, but people-moving duties and saving what I can are more important at the moment. These cars will never die...
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Christian 8:34AM (12/05/2008)
Beh no biggie. Still has more sales than the 2003-2009 Camaro.
Has a lot to do with the new 2010 model coming in a few short months, coupled with the worst economy in years.
Watch what happens to the Camaro.
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Radix 9:21AM (12/05/2008)
2003-2009 Camaro was still faster
moyoi 10:23AM (12/05/2008)
hilarious!
Jake 8:51AM (12/05/2008)
Um, hello, the global car market is severely depressed and at lows not seen for years as well.
In other news, they expect cold weather in the artic this time of year.
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Joe 8:56AM (12/05/2008)
Error 408: Funny not found
Trying to make a joke and misspelling "arctic."
Great job.
Cheese302 8:59AM (12/05/2008)
If any dealers out there have a 2009 red or saddle (the tan with the black carpet and dash) leather vaopr silver 5 speed with no spoiler and a glass roof. let me know, i might have to get rid of my 07 if its cheap enough.
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TigerMil 9:26AM (12/05/2008)
U gotta love their math! Average annual sales 200K! That was then, this is now. ROFLMAO.
By their own numbers, rounding up even, 4K/month down 50% from last year give it 8K/monthX12 is only 96K per year. No doubt November is a low month and all the other months are more than double to make up for November!
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Stumpy 9:27AM (12/05/2008)
As a multiple Mustang owner, I never understood why anyone bought these in the first place. The Mustang got WAY too fat and bloated. Does not look like the 2010 will be much different.
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Hamburglar 9:34AM (12/05/2008)
Because there's no such thing as increased safety standards, comfort or technology, right? You want to drive a tin can, go back to the 50s.
Stumpy 10:13AM (12/05/2008)
Huh? With todays avdances it does not need to weigh that much to be safe.
Jay Evans 11:34AM (12/05/2008)
Fat? Bloated?
The Mustang (GT) hasn't varied in weight more than about 200 lbs since 1967 and is almost exactly the same physical size.
jeepxk 9:30AM (12/05/2008)
Not all but a lot of people that would be buying these cars are just trying to figure out how to pay the light bill, trailer park fees and not bounce their check at Wal * Mart. A new Mustang is not in the cards anymore for them.
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