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6.0 Buyback numbers

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Old Aug 28, 2003 | 07:51 PM
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Exclamation 6.0 Buyback numbers

According to an article this week in Automtive News, Ford has bought back "about 475 vehicles" (less than 1%) as a result of problems with the 6.0 psd. There have been "about 95,000" 6.0 psd equipped vehicles that have been sold so far. The sales are up 15% through July over the 7.3 psd. The initial recall of pre-May production vehicles was 66,720 vehicles. The article goes on to quote a Ford excecutive (Mr. Ray) saying: "If the vehicle can't be fixed, we buy it back. Their vehicle is a tool for them. When it doesn't work, they don't work." I'm sure this article or excerpts will appear in the mainstream media sooner or later. Sounds like Ford will step up to the plate so you guys with problems keep on pressing.
 
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Old Aug 29, 2003 | 12:34 PM
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6.0 Buyback numbers

here is the article:
http://www.freep.com/money/autonews/...0_20030820.htm
 
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Old Aug 29, 2003 | 02:24 PM
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6.0 Buyback numbers

No, I dont think that is the article the OP is mentioning, would be nice if he could post a link to the one he is refering to though.
 
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Old Aug 29, 2003 | 02:26 PM
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6.0 Buyback numbers

If you conservatively estimate the average price per truck at$35,000.00 that represents over $16 Million in buy backs! Wow!
 
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Old Aug 29, 2003 | 02:45 PM
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6.0 Buyback numbers

If you conservatively estimate the average price per truck at$35,000.00 that represents over $16 Million in buy backs! Wow!
16 Mil out of 3.3 billion aint bad though! ($35000 X 95000)
And thats just 6.0 equiped Super Duties!
 
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Old Aug 29, 2003 | 02:47 PM
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6.0 Buyback numbers

I tried adding a link but it wouldn't work as it is a subscription based site. Here is the text (hope I don't get sued):

<font color=red>ADMIN NOTE: Per the registration guidelines:

3.4 Do not post articles, pictures or other content that you do not have permission to post from the copyright holder.

8.1 One violation of the guidelines will usually warrant a notice to kindly stop/correct the behavior.
</font>
 
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Old Aug 29, 2003 | 02:48 PM
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6.0 Buyback numbers

That's just the buybacks. That doesn't include unhappty customers and service.
 
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Old Aug 29, 2003 | 03:01 PM
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6.0 Buyback numbers

I tried adding a link but it wouldn't work as it is a subscription based site. Here is the text (hope I don't get sued):
You wont, but I bet the moderators will pull it so they dont.
Im glad I was able to read it though, thanks!
 
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Old Aug 29, 2003 | 03:28 PM
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6.0 Buyback numbers

sorry for violating the rules. Won't happen again. If any one would like to know more details, I can give you a "translation" to stay out of trouble.
 
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Old Aug 29, 2003 | 03:49 PM
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6.0 Buyback numbers

And your $35K avg per vehicle is just for the trucks...
The 4x4 6.0L Ex's list price runs closer to $52K....

I know thee are probably some of those as well
 
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Old Aug 30, 2003 | 09:11 AM
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6.0 Buyback numbers

The actual monetary cost to Ford will be much less. Maybe as low as 20% of the re-purchase prices paid. Heres why: these vehicles don't go away, most get repaired by the dealer with Ford's help and resold by the same dealer (don't forget that Ford and the dealer also made a profit on the truck in the first place). Some will go back to Ford and eventually find their way into company car service, engineering long term test or sold at auction. In nearly all states, when these vehicles are re-sold to a private individual, there must be a signed disclosure indicating the vehicle was repurchased with Ford asistance, with or without lemon law filing. This is why Ford would be smart to just step up and take care of all the problems quickly - the real COST is the bad public opinion that can and will affect SALES! Not to minimize the problems that the original buyer had but, many cases of re-sold buy-backs result in happy customers that got a "deal" on a low mileage truck . This is not just with Ford, all manufacturers pretty much operate the same way now.
 
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