Ford annunciated it will cut production of the F-150 pickup for a week, said Reuters. The producer will also idle three other factories in the coming weeks for a little time. Those that produce the Escape, Fusion and the Lincoln MKC also, ain the middle of a slowdown that is starting to feel throughout the industry.
Ford dealers had a 95-day supply of pickups on their fields at the end of September
Ford dealers, as reported, had a 95-day supply of pickups on their fields at the end of September — a important oversupply for the best-selling model in the country. It has sales of the F-150 falling by 3 percent in September 2016 amid continuing signs of satiation.
Ford’s plans were production cut that’ll mean temporary layoffs for 13,000 hourly employers at the F-150 plant, reports Reuters. All that in addition to 14,000 other employers and managers at four other factories that the producer plans to idle.
Industry analysts foretell more measures by producers to cut production in months that are coming as market pointers indicate a top in auto sales. General Motors was another big producer caught by surprise this autumn after a strong sales in summer. Analysts are pointing to the months of August and September as the begining of an industry-wide tray.
The drop itself is set on buyers satiation following the 2008-2009 recession. Request is diminishing after a period of growth in sales which follows the economic recovery.
For buyers, this means bigger motives as fights struggle to keep inventory moving. As well as invitations to sell vehicles pbuyed three to five years ago.
What is left to be seen is whether the current SUV boom will persevere through the sales slowdown. That is is expected to continue through 2017. Plans by automakers to raise SUV variety and production were made two years ago supposed to increas drequest for trucks, SUVs and crossovers. Also the cars themselves due to come on the market post-peak. In suspension and recovery cycles, cars planned in one sales climate will come in showrooms in a different sales climate, as always.