My suggestion: Plan to buy a Ford truck in Q1 2023, because they're probably going to be dirt cheap by then.
If you thought parts shortages couldn't get any worse for the auto industry than they did last year, then it's time to hit reset. We've seen multiple car companies, including international giants like Honda and Toyota, struggle to deliver vehicles simply because they can't source the components they need. The same is true with Ford, which announced this week that up to 45,000 vehicles will be held in its inventory this quarter until they receive essential parts — mainly chips.
The Blue Oval has made use of Kentucky Speedway's many lots to store its many trucks until they can be sent to dealers. ...[W]hile Ford eventually worked its way through that stockpile, more started flooding in toward the end of August. Nearly a month later, the situation has gotten visibly worse.
The folks at The Drive constructed a handy side-by-side low-Earth-orbit comparison of what the Speedway looked like about a month ago vs. what it looks like now:
Cosmonauts watching from the space station as those trucks pile up like:
What's worse, this isn't the only facility where this is happening:
Pat Brindley Roeder, a Kentucky local who also witnessed the influx in parked trucks last year, says this is just one of the locations Ford is using for storage. She tells me that many more are being held at a former ammunition plant in Charlestown, Indiana...
Just another day of healthy, thriving commerce in Joe Biden's America!
P.S. Now check out our latest video: "Highlights from Biden's speech last night" 👇