Ford Raises Sticker Prices by $125
This marks the third time Ford has raised prices this year, with the latest increse adding an average of $124 or 0.4% to the sticker price.
Ford claims rapidly rising commodity costs has forced it to raise prices.
Jumps in commodity and structural costs of $2 billion in 2011 will be passed onto consumers.
But expect few grumbles, as Ford has been giving consumers what they want: better quality cars.
How much of a price increase can Ford get away with, especially with GM and surging Chrysler nipping at its heels?
Probably not much, as Ford's recent successes have hinged on small, fuel-efficient cars with hotly competitive base prices.
If you're in the market to buy a Ford, you can take advantage by purchasing a car manufactured before the price increase.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid