Surplus Mustang Inventory Shutters Ford's Flat Rock Plant

April 4, 2011
2011 Ford Mustang V-6. Photo: Anne Proffitt.

2011 Ford Mustang V-6. Photo: Anne Proffitt.

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 that 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.

Sadly, the inventory overstock doesn't extend to the limited production Boss 302 Mustang, which MotorAuthority drove earlier this year. Dealers are "adjusting the price for market conditions" on the track-ready Mustang, and Laguna Seca limited edition Boss 302 Mustangs have been listed for as much as $108,499 at dealerships. That's over double the sticker price, which is completely absurd even for a limited-production car; dealers interested in actually selling Boss 302 Mustangs have them priced at a more reasonable $5,000 over sticker. If you want one, that seems to be the price of admission.

[Detroit News]

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