As November 2024 rolls around, Ford is grappling with a significant inventory issue. A substantial number of 2023 model trucks are still sitting on dealer lots, leading to a surplus.
The Core Issue: 2023s Outnumber 2025s
Thousands of new 2023 Ford trucks remain unsold, a situation that’s unusual in the current truck market, where newer models typically dominate. This oversupply presents unique opportunities for savvy buyers looking for a deal.
Currently, there are over 5,000 new 2023 Ford trucks for sale nationwide, accounting for roughly 2.5% of the total new Ford truck inventory. The scarcity of 2025 models further highlights Ford’s inventory challenges. In contrast, other automakers like Chevrolet and Ram have been more successful in transitioning their inventory to newer model years.
The image shows a graph detailing the market supply of Ford F-150 trucks.
Black Friday and Year-End Incentives
To address the oversupply, Ford is offering aggressive manufacturer incentives, especially as Black Friday approaches. Expect to see substantial savings and attractive financing options aimed at clearing out the remaining 2023 inventory before the end of the year. These incentives can be a great way to save on your next truck purchase.
Here are some of the current deals:
- 2024 F-150 Lightning: 1.9% APR financing for 72 months
- 2024 F-150 XLT Hybrid: 3.9% APR financing for 60 months
- 2024 F-150 XLT Hybrid Lease: $427/month for 36 months with $6,506 due at signing
- 2024 Ford F-250 Super Duty: 3.9% APR financing for 60 months
- Bonus Cash: $3,000 cash offer on most Ford trucks
Negotiating the Best Deal
With December’s year-end sales approaching, anticipate even bigger savings. The current inventory situation at Ford means buyers can negotiate significant discounts. Stay tuned for the latest updates to help you get the best deals and save money on your next truck.
