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2024 Mustang sales lowest in history of Mustang

Skye

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I don't feel it's any one thing causing downward pressure on sales. It's a combination of multiple, years-long issues.

Price
Generational Differences
Styling
Quality Control
Tuning and Aftermarket

Thinking of someone who recently left college, I priced an EcoBoost. I wanted a 3.55 rear, which required the whole Performance Package. I wanted the security system, which required upgrading the entire interior. I stopped adding any more. Price was $45,000. The whole build process was a turn-off.

Pivoting to Toyota, I can get a GR86 with some performance-oriented options for $37,000. I can get a Tacoma 4x4 with some minor upgrades for $42,500.

Then, there's the used car and truck market. Choices of quality vehicles at good prices abound right now.

In the early 90s, Asian and EUR imports became more and more popular. They were styled nice. They were cheap. You could mod them easily and there was a healthy aftermarket. Used American vehicle offerings at that time? Not so much. Those kids who are now adults don't think of Mustangs, Camaros and Challengers. They gravitate more to BMWs and Lexis.

Later and especially now, trucks and SUVs ruled. Raptors, F150s, Rams and huge tricked-out Suburbans and Escalades are way more popular.

Younger generations are also less into driving, enjoying their vehicles and exploring America. They are chained to their phones and don't want the hassle of being interrupted. A performance coupe doesn't get them excited.

IMO, the interior of the S650 has individual bits and styling cues that are all over the place. It hasn't been integrated well. There doesn't seem to be any theme or style. Other manufacturers have done better.

Ford's QC is legendary, for being horrible. The situation is not improving. The S650 has had its share of recalls. Anyone reviewing them would be turned off and want a platform that's more established.

People who do enjoy working on and making mods to their cars have to consider tuning and the aftermarket. The S650 is just now entering year two. Documentation, tuning ability, mechanical mods are not there in large amounts right now. It's a chicken-and-egg situation. Increased sales will improve the aftermarket. A broader aftermarket will increase sales.

I can think of several things Ford can do to improve the situation, none of which are happening. I feel like Ford has moved budgets, R&D and personnel to other models. Ford is looking at their product line and trying to determine what they can capitalize on. For the moment, the Mustang is not high on that list.
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MAT1955

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@MegaMan ..... I agree. Put the 2024 Mustang GT on a lift and look under it. The sophistication of the design is, to me, very impressive. There are a lot of very expensive components that were never part of the Mustang architecture even 10 years ago when Mustangs weren't that much less expensive (I just sold a 2014 Mustang convertible). BTW that 12:1 compression Coyote engine with 480HP is an engineering marvel that not very long ago would be considered a racing engine. The cost of parts has gone nuts in the last 3 years. Look at the price of a basic can of spray paint? Labor costs - insane. For what Mustang is delivering with the GT I think we are still getting, by far, the best priced sports car for the bang in the world. BTW I house my friend bought for his son and daughter in law in 2014 went up 350% .... it's nuts everywhere.
 

LETHAL

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No tuning = low interest.

Add the MSRP. It's even more comical that the '24 sales were dismal, but ford adds $2500 to the sticker for '25.

FORD MOTOR CO........ You do realize that you have a duty to protect and continue on the legacy that is Mustang? You used to, now we are not so sure.

They need to get non car people out of the glass house.
 

robvas

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In 2018 the Mustang GT started at $36,185....let's not forgot guys were getting them brand new for 30k, and getting a way lower interest rate

Now it's up $10k or about 30%

Same car, except for the tablets, drift stick, remote rev keyfob, and Honda Accord front fascia

Sure, you can argue everything has gone up blah blah but there's a lot of other shit people don't buy these days either because it's gotten too expensive
 


Joe_Stang

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Vehicles in general are just too expensive especially performance oriented ones. I know quite a few people that want to get new cars but refuse to because of the $700 plus monthly payment they would have to pay due to the vehicle cost and rates. As far as the mustang goes, unless ford makes some changes all around it won't be around too much longer.
 
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Upacurb

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55K’ish for a premium GT with almost 500 HP is a relative bargain - IMO

The average price of a new car today is almost 50K. Think about that for a sec. A plain Jane, average, boring car that gets you from point A to point B with no soul is 50K. 50 Freakin K lol.

50K is nothing anymore. I remember when 50K was big boy bucks for a salary, let alone a new car price.

I’d argue a 55K Mustang GT is an impressive bargain still!! Just my 2 cents.

I will say this- the 50K average is for what cars people are purchasing.....not what the manufactures are selling......

Example- a week ago I just got my daughter a new 2025 Honda Accord
no leather but has sunroof/ all the safety stuff/ and their version of the night pony package- black wheels/ mirrors exc....what did I pay?

29K .... for a 2025....(MSPRP was 31K) it only had the 1.5 and not the 2.0 motor but still......its a really nice car to drive.....its pretty dang big- easily could transport a family - nice driving car for 29K

I think the 50K is the result of everyone having to have an SUV.....with leather and all the bells and whistles......
 

midtownz06

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Just like in Real estate if it’s not selling it’s the price.

a track package mustang should not be 70k they are still high on goofy covid brain pricing of the mach 1 selling 10k over sticker in 2021.
 

Gregs24

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In 2018 the Mustang GT started at $36,185....let's not forgot guys were getting them brand new for 30k, and getting a way lower interest rate

Now it's up $10k or about 30%

Same car, except for the tablets, drift stick, remote rev keyfob, and Honda Accord front fascia

Sure, you can argue everything has gone up blah blah but there's a lot of other shit people don't buy these days either because it's gotten too expensive
So in reality it is about the same! 30% over 6 years compared to inflation of 25.2% in the US over the same period.
 

Polo08816

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So you want Ford to sell it for less than they make it - great business idea!
That sounds like a Ford problem unless they want to keep increasing prices and watch their volume get closer to zero.

They need to be able to undercut the BMW G87 M2 so they need to be in the 50-60k price range on their DH.

They're not able to really compete with GM's C8 in the 70-80k price range as evidenced by their DH sales numbers vs. C8 Stingray sales numbers.
 

DjCurt

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IMO it’s because people want the 60th anniversary edition as well as interest rates. I have prime credit and good lord the rates were high still.
In my case you are correct. I wanted the 60th Anniversary and I could not justify financing, so I just bit the bullet. The price is a little crazy considering that my first house was 2/3rds the price of this car, but I consider it a once in a lifetime opportunity.
 

MaddNomad

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Totally agree. You are now easily in a $50k-$60k range equipped while interest rates are high. And people who already own a S550 don't really get that much more car as a reason to trade in. Good friend of mine owns a 18 GT and actuallly wanted to trade in for a 24 GT or DH, but ended up just keeping his car since he would have to invest $20k for the trade in for a quite similiar car.

I actually think the sales are totally ok for the current market. We can be very happy that Mach-E is successfull since Ford stated multiple times the good EV sales allows them to sell a V8 Mustang with all the fleet pollution bs carmakers have to comply with.
I think that’s the thing though, the Mach E isn’t as successful as it seems. Now whatever Ford is cooking up with the new EV models I believe will do well. Whatever that top secret team they got going.
 

iBookmaster

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It's price like most have said. It's not the economy. Maybe partly covid time period lost sales a reason for overpricing and trying to make up past profits. My wife just bought a 2024 Escape with sticker for $36,000 out the door for $33,000. Can't tell me the V8 premium Mustang costs $20,000 more to make than an Escape. Pitiful.
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