Ford will halt production of the Mustang this week on the back of falling demand for the model and a rising inventory.
The Detroit News reports that Ford’s Mustang inventory stood at 89 days at the end of September, much higher than the 60 days supply which analysts believes is a healthy target.
This comes as sales of the sixth-generation Mustang continue to fall and are down by 32 per cent last month alone. Year-to-date sales are also down 9.3 per cent to 87,258 compared to the same time period last year.
In an email, Ford spokeswoman Kelli Felker said “We continue to match production with demand. Mustang remains the top seller in its segment in total and retail sales.”
While that’s true for year-to-date sales, last month, the Camaro became the best selling vehicle in the muscle car segment after incentives for the car were nearly tripled.
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