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Ford Brand Ranked Second For Non-Luxury Buyers In Q3 2022

In the second quarter of 2022, the Ford brand (not including Lincoln) ranked second in terms of brand consideration on Kelley Blue Book’s Brand Watch report among non-luxury buyers after a short stint in the top spot. Now, the Q3 Brand Watch report has been released, and not much has changed over the past few months. In fact, the Ford brand has retained its second-place spot behind Toyota in regards to the most considered brands among non-luxury buyers, though percentages did change slightly.

Whereas Ford’s consideration score in Q2 was 31 percent, it dropped just a tad in Q3, to 30 percent. Toyota stayed even at 35 percent, while third-place Chevrolet finished with a score of 29 percent, followed by Honda (24 percent), Hyundai (15 percent), Kia (13 percent), Nissan (13 percent), GMC (12 percent), Jeep (12 percent), Subaru (12 percent), Dodge (9 percent), Volkswagen (6 percent), Ram (6 percent), Mazda (5 percent), Chrysler (4 percent), Mini (1 percent), Mitsubishi (1 percent), and Fiat (1 percent).

The Kelley Blue Book Brand Watch Report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up with its segment competitors based on a dozen factors key to a consumer’s buying decision. Kelley Blue Book produces separate Brand Watch reports for non-luxury and luxury brands each quarter.

As Ford Authority reported last week, Ford brand incentives were down a significant 64 percent in Q3 of 2022, which could have played a role in The Blue Oval’s slight decline in consideration as well. Those incentives averaged a mere $862 per vehicle compared to the $4,200 per vehicle that the brand averaged prior to 2021. Meanwhile, Ford’s average transaction price dropped two percent in September, from $53,770 to $52,675. However, the brand’s ATP was still up 3.6 percent over the same period last year, when pricing averaged $50,856.

We’ll have more insights like this to share soon, so be sure and subscribe to Ford Authority for ongoing Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Jon Cohen

    The article leaves a question unanswered: Why was Lincoln not included? And what is Lincoln’s ranking?

    Reply
    1. Rog

      The title says “non luxury” brands. Lincoln is a luxury brand.

      Reply
  2. Mike

    Toyota is still offering incentives and zero interest where I’m at. Haven’t seen them complain about chip shortages. Ford getting their average incentives down from over $4k to $800 is exactly why I think the chip shortage is bs. They lie like the politicians they support. They’ve managed to convince everyone to pay sticker price and that they better get the truck now because, chips🤯. Working like a charm.

    Reply
    1. RWFA

      How simple minded are you to buy into this conspiracy moronity?

      So Toyota is not complaining? They have several times this year announced that they have had to cut production forecasts, due to … wait for it … chips and supply chain.

      Ford restricting production on a lie to raise ATP for a small production lot? That’s worthy of ridicule and scorn given that Ford like the rest of the industry depends upon high volume production to generate large profits.

      Right now Ford is not generating large profits because it is not producing at volume, due to … wait for it … chips and supply chain.

      Reply
  3. Michael

    Where I live, the Ford dealers are offering between $1,000 to $2,500 off 2022 vehicles. Mostly Ecosports, Edges and F150s, which they have plenty of them on their lots, almost at pre pandemic levels.

    Reply
    1. RWFA

      What region or state are you in?

      Reply

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