Ford EV Inventory Hub System Scrapped After Dealer Pushback

[TaxmanHog]

Last spring, Ford began utilizing a pilot program that involved stocking and distributing its electric vehicles at what it calls Retail Replenishment Centers (RRC) – which are regional inventory hubs – rather than dealer lots. The idea here was to eliminate floorplan expenses for dealers and help reduce distribution costs for the automaker itself as it works to compete with the direct sales model utilized by companies like Tesla and Rivian. However, Ford has now decided to scrap that program, not too long after it ditched its Model e Certified EV sales program as well.

The rest of the story: Ford EV Inventory Hub System Scrapped After Dealer Pushback

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[RickLightning]

Another strike on the Farley list. The amount of backtracking in the past 3 years is astounding. If I was a shareholder, I'd be outraged.

Broke $25 in January 2022, now below $10.

 

[TaxmanHog]

Broke $25 in January 2022, now below $10.

A buying opportunity, Ford will recover, it's just going to take time and stable economic conditions.

 

[RickLightning]

A buying opportunity, Ford will recover, it's just going to take time and stable economic conditions.

I don't buy individual stocks, on index mutual funds (own 1 stock since 1983, but none otherwise).

If I did, and you said to me in 2022 that Ford was going to be great over the next few years, I would have agreed. Now, not so much. Looking at the history of Ford, you can see multiple times where the stock started to climb, and then faltered again, and again.

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