Ford Motor Co (NYSE: F) has hit the pause button on new online orders for the 2022 edition of the Mustang Mach-E due to high demand, the company’s website revealed.
What happened: Ford of Dearborn, Michigan has listed four Mach-Es on its website with prices between $43,895 and $61,995 as currently “not available for order.”
Ford points to high demand and refers buyers to dealers to check inventory.
“Due to high demand, the current model year is no longer available for retail sale,” the Ford website says.
“Limited stock may be available at select dealers.”
See also: Ford sold half as many Mustang Mach-E EVs as the gas variant in 2021 – the first year of launch
Electrek reported the development first.
Mach-E sales and production: Ford sold 6,734 Mach-Es in the first quarter of 2022, up 1.8% year over year but down 18.7% from the previous quarter.
The automaker faced manufacturing challenges in February related to semiconductor shortages, forcing it to shut down eight of its plants in the US and Mexico.
Ford aims to triple its Mach-E production to 200,000 units by 2023. The company plans to use its entire factory in Cuautitlan, Mexico for the Mach-E, a spokesperson told Benzinga via email.
Ford made 18,152 Mach-Es in the first quarter, up 22.5% year over year and 45.6% from the December quarter.
See also: Ford emphasizes Tesla-like strategy, says online sales will be a ‘larger part’ of its future
Ford began selling the Mach-E, its first all-electric crossover, in December 2020. At the time, the car manufacturer sold only three copies of the model. Mach-E competes with Tesla Inc’s (NASDAQ: TSLA) Model Y.
Price action: Ford shares closed 1.23% higher Monday at $15.7 per share.
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This post Ford pauses online orders for the Mustang Mach-E for 2022
was original published at “https://www.benzinga.com/news/22/04/26680195/ford-pauses-online-orders-for-2022-mustang-mach-e-says-slammed-by-high-demand”
