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News Link • Economy - Economics USA

Ford Mustang Sales Slammed By High Gas Prices: Plant Shuttered

• thecarconnection.com
 
If you're in the market for a new Ford Mustang V-6 or GT, we've got some good news for you: Ford is likely to give you additional cash rebates or low-interest financing in the very near future because Mustang sales are slow. The automaker has nearly double the amount of V-6 and V-8 Mustangs in inventory than it considers ideal, so dealers will probably to get additional manufacturer incentives to sell down the 116-day supply of pony cars. That translates to bad news for production line workers at Ford's Flat Rock, Michigan, plant, where the Mustang is built. The facility will be shuttered this week in order to deplete overstocked inventory, and there's no word on Ford's "days in inventory" goal before the plant is reopened. A 60-day inventory is considered the usual target, industry-wide.

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