Ford Buyers Should Settle Price When Ordering to Prevent Markups, Says Exec
Mike Levine, Product Communications Director for Ford North America, on Friday shared a public service announcement for Ford customers on Twitter, informing them that it is recommended they “agree to a selling price with their dealer when the order is placed via a signed purchase agreement.”
https://twitter.com/mrlevine/status/1476955031991508994
The communiqué comes just two weeks after reports started surfacing of Ford dealerships jacking up prices for the company’s upcoming F-150 Lightning all-electric pickup truck by up to $30,000 USD after customers had already placed orders and put down deposits.
Levine goes on to say that customers should document the whole process and keep meticulous records of price agreements with their dealer as neither he nor the company can help if there’s no record of the dealer actually confirming a price.
https://twitter.com/mrlevine/status/1476955368169394182
Levine also advises Ford customers to not engage with a dealer who refuses to “sign or write a price confirmation.”
The whole situation really goes to show the advantages of a direct-to-consumer business model like Tesla’s in the automotive space, especially when dealing with a high-demand model like the Ford F-150 Lightning.
Ford had to double its production targets for the F-150 in August after it saw unprecedented demand for the electric pickup.
The F-150 Lightning starts at $39,974 USD before tax credits. Ford shut down reservations for the electric truck last month after they started approaching 200,000 units, and the veteran automaker is gearing up to start taking actual orders.