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I bought an 02 Explorer Sport 2wd back in December of '12. The vehicle actually runs pretty well. The thing I first noticed was the rear suspension seems to slam when going over bumps of almost any size or at any speed. Like if there's a sub-level manhole or something that just the passenger rear tire goes over it makes this terrible slam and sometimes shimmies (Spell check) to the sides like im losing control. I thought I would go ahead and change the shocks, did not make one bit of difference. I have looked up diagrams on the rear sus and everything seems to be there. Any ideas? Heres a picture just to kind of show what I have going on. Thanks!
Solid axles aren't known for their smooth ride qualities. My Ranger did the shimmy when hitting bumps in a turn. The only thing I could suggest is to inspect every joint in the suspension for loose bolts and worn/cracked bushings. Push/pull on stuff and check for movement. Of course, you need to find a way to do this safely - not with your Explorer jacked up by the center of the rear axle.
By the way, Ford does not recommend jacking up your Explorer that way.