Ford is ploughing billions into its EV future but can’t shift the ones it already makes car auto cars
get so much media coverage that it can sometimes feel like every driver on the planet is falling over themselves to get into an EV, when the truth is quite different. Ford, for instance, is making more Mustang Mach-Es than it can sell, and the unsold inventory is piling up, according to new figures.inventory in 30 days during the second quarter of 2022, reports. But that percentage figure, which the auto industry refers to as the ‘turn rate’, fell to 27.7 percent in the same period in 2023.
The F-150 Lightning electric truck also seems to have lost a little of its lustre. Although deliveries have increased this year versus last and’s data suggests the rate of sales is slowing down. Figures show that Ford moved 70 percent of its Lightning inventory within 30 days during the April-Jun stretch of 2022, but that figure had almost halved to 39.3 percent for the corresponding period this year.
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