More numbers to crunch
U.S. new vehicle sales of 1,343,842 units for the month of October 2019 represented a 0.7% decrease from October 2018.
Octoberās passenger car sales fell 16.4% to 355,266 units, while SUV and truck sales increased 6.4% to 988,576 units.
In other words truck/SUV's out sell cars by almost 3 to 1 and car sales keep dropping with trucks/SUV's going up. Ford and GM, FCA are simply responding to the market. We may not like it but any business has to provide what the customer wants not some Voodoo of convincing a car buyer they want a truck.
Average 2018 F150 transaction price was $47,174, higher now in 2019 but no data yet
AVG 2018 ecoboost base Mustang $26,280 and they sell very few of those
AVG Mustang GT 2019 5.0 6 spd non premium is $35,242 add $6k for a premium/auto (most popular GT)
2019 fiesta non ST $14,768 , no data on ST but a good guess would be about $19K
So the average F150 sells for about $28K more that a ST. About $32K over a base Fiesta.
BTW, the newer SUV's are no longer body on frame except the Expedition.......so no assumed savings from a truck chassis. Just a Coyote engine and 10 spd will probably cost you more that a base Fiesta. Much less the rest of the car or truck.
Question......if you were Ford why would you take lot space for a $15K Fiesta over a $47K F150 when they sell 3 to 1?? Errrrrrr.......you wouldn't. If a dealer had a market for FiST's they would have them. I got mine in the Metro Atlanta area where there was a market and they sold them. I stated the two dealers I was talking about were rural dealers where the market is mainly F150's that had never seen a FiST. I'm pretty sure the L.A. Cali dealers do not stock the vast number of F150's as a rural dealer. Our 3 local dealers had 1 FiST total when I bought mine in 2016........and I did not want it due to the color and Recaros.
FoMoCo USA marketing plan has to do with the UK and EU having roads too damn narrow for a F150/SUV's and gas prices through the roof. Completely different environment than the USA. I have driven in France, Italy, Portugal and the UK and you could not give an F150 away!
I and my circle ARE the average CAR buyers, all of my immediate family and friends know what they want to buy before going to a dealer. I personally know of nobody that bought what a dealer wants to sell unless like my oldest son they wanted the cheapest car on the lot!
I am not happy about no new FiST's but the cost alone of crash testing and the new engine certification would be more for Ford than the profit on the less than 3500 per year FiST's they sold with rebates. I cannot fault FoMoCo for doing the right thing for the stockholders. If the market changes all three makers will bring them back. In the meantime enjoy the price of your used FiST going up, Wrench on!