Ford Shocks the Car Market With Latest Announcement!
In this 8 November 2024 video, host Brandon, a used car dealer shares the ins and outs of the used car market from his perspective. He shares updates on car prices, what’s happening at the dealer auctions and what it’s like being a dealer. His goal is to share information to help customers make the best decisions while buying a car to save money. He does not want car dealers taking advantage of their customers.
Ford has been experiencing quality issues, including a rise in recalls and spending on repairs. J.D. Power & Associates has noted a rapid decline in Ford’s quality reputation over the last two years.
Ford’s EV division has been losing money, and the broader automotive market is seeing a weakening demand for EVs.
The persistent losses in the EV division, ongoing warranty and cost issues and heightened competition create a tough environment for growth and profitability. The broader automotive market is also seeing signs of weakening demand and rising inventory levels, which pose additional challenges for Ford.
https://youtu.be/9HwDvt2eoJc
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