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I seem to remember Ford was offering some pretty deep discounts last month. Several thousand off. Now I'm seeing a $1,000 rebate and that's all. What gives?
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No inventory out there, so there is no reason for them to rebate them heavily right now. I doubt we see big rebates on them for a while. There is a huge new vehicle shortage at the moment and until that gap fills back in lower discounts will be the norm. Supply and demand. The shortage stems from their being low inventory on Rangers even before Covid, then the factories shut down. There have not been any new Ranger shipments for months.I seem to remember Ford was offering some pretty deep discounts last month. Several thousand off. Now I'm seeing a $1,000 rebate and that's all. What gives?
At this point, I'm happy to have locked in to my $500 rebate when I ordered my truck. By the time its delivered, that may be all there is. Dealership lots here are 3/4 empty. Slim pickings, indeed.Like Steve said, low inventory has removed the incentive to discount. Accordind to their website, my local dealership has less than half as many Rangers as when I bought mine in January.
I could be wrong about what was available last month on the Ranger. I was also looking at F-150s, which had deep discounts in March and April. In fact right now the 2020 F-150 is still at $4,750 off.Like Steve said, low inventory has removed the incentive to discount. According to their website, my local dealership has less than half as many Rangers as when I bought mine in January.
EDIT: Man, you aren't kidding about the lack of incentives. The cheapest available Ranger at the local dealership is a 2019 with a nearly identical MSRP to mine, but currently listed (with all incentives, including the "select inventory" rebate) at ~$3k more than what I paid.
It is an interesting economical issue. One one hand you have a massive hit to the economy, which one would assume would impact new vehicle sales. On the other, factories were shut down too, reducing inventory. Both supply and demand are to be low, but we don't seem to be benefitting from price reductions.No inventory out there, so there is no reason for them to rebate them heavily right now. I doubt we see big rebates on them for a while. There is a huge new vehicle shortage at the moment and until that gap fills back in lower discounts will be the norm. Supply and demand. The shortage stems from their being low inventory on Rangers even before Covid, then the factories shut down. There have not been any new Ranger shipments for months.
I just took delivery in MD. of my special order 2020 Lariat. $1000 cash back or 0% for 60 months was all they offered. I took the 0%I seem to remember Ford was offering some pretty deep discounts last month. Several thousand off. Now I'm seeing a $1,000 rebate and that's all. What gives?
I jumped on purchasing mine the last week of May because I feared the rebates and financing would end with a shortage coming. Sales ended up being higher than expected during the Covid crises so it's a supply and demand issue right now. Many dealers have limited or no supply of Rangers. I was lucky enough to find an 2019 XLT FX4 with all the options I wanted and scored it at $400 under invoice plus took advantage of the 0% interest for 72 months.I seem to remember Ford was offering some pretty deep discounts last month. Several thousand off. Now I'm seeing a $1,000 rebate and that's all. What gives?