New vehicle inventory levels – in general – have hovered near record low levels for the better part of three years now, a development largely spurred on by the pandemic and resulting supply chain issues. However, there are signs that conditions are beginning to improve, as inventory has slowly creeped upward while prices have declined slightly over the past two months or so. As for the perennially best-selling Ford F-150, its inventory levels have also increased since last year, according to new data from CarGurus.
In its latest Intelligence Report for February 2023, CarGurus notes that overall new vehicle inventory increased by 3.4 percent month-over-month in February, while prices also appear to have plateaued at this point. On the same token, Ford F-150 inventory is leading the way in that regard with the most improvement of any new vehicle on the market, as its total inventory variance increase totaled just over seven percent last month when compared to February 2022.
This is obviously good news for those in the market for a new Ford F-150, as it also means that in addition to being easier to find on dealer lots, the pickup will also likely see price drops in the coming months as a result. In fact, as Ford Authority reported last week, the F-150 PowerBoost was among the top 10 new vehicles priced closest to their respective MSRP, though 2023 production is still hampered by various supply constraints.
Regardless, Ford is working to increase production of some of its more popular models – including the F-150 – while both Ford Pro CEO Ted Cannis and FoMoCo CEO Jim Farley expect the chip shortage to ease in the coming months, helping to improve inventory and lower prices at the same time.
We’ll have more on the F-150 soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series news, Ford F-150 news, and non-stop Ford news coverage.
You are correct sir!
So, inventory levels have increased since last year, must be those endless recalls are beginning to hurt sales.
Inventory is piling up, and there are tens of thousands more F150s available now compared to 12-18 months ago. Not for the F150, but I’m getting emails on other Ford vehicles for $5k-$7k off MSRP.
And at these prices, the FoMoCo should Find out “WHY” WE “STILL HAVE” the Rattle On Cold Startup with the EcoBoost 3.5 V6 Engines???? Does the FORD GT Have this SAME ISSUE @ $150,000.00 with the V6 EcoBoost in that Unit??
I’ll just wait until all the repo’s happen and they offer 10k off. I’m still driving a Lincoln Mark LT I picked up like that in 2006.