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Ford Has A Problem: Oversupply Of 2023 Trucks Lingers As 2025 Approaches

Key Takeaways

  • More than 5,000 new 2023 Ford trucks remain on sale in November 2024.
  • With 2025 less than two months away, Ford is running out of time to clear last year’s inventory.
  • Take advantage of Ford’s oversupply of trucks as negotiation leverage.

As we enter November 2024, Ford is facing a serious inventory issue. Of the nearly 205,000 new full-size Ford trucks on dealer lots today, thousands are leftover 2023 models. In fact, there are far more new 2023s on sale than 2025 models, a problem unique to Ford in today’s truck market. Here’s a look at Ford’s oversupply of trucks as year-end buying season gets underway.

2023 Models Outnumber 2025s… Still

Ford F-150 truck market oversupply

As of November 2024, there are 5,063 new 2023 Ford trucks still up for grabs nationwide. These 2023s account for 2.5% of all new Ford trucks—a significant number this late in the year. Even more shocking is that 2025s are nowhere to be found. Of the more than 200,000 new Ford trucks on sale in America, fewer than 1,000 are 2025 models. 

To put Ford’s inventory challenges in perspective, other automakers seem to have cleared out their older stock more effectively. Chevrolet, for example, has transitioned over half of its current truck inventory to 2025 models, leaving very few 2023s on lots. Ram isn’t doing too hot, but has fared better with only 2% of its inventory being 2023 models, totaling around 2,100 trucks.

Here’s a snapshot of Ford’s full-size truck inventory as of November 2024:

MakeModelTotal NewTotal Market Day SupplyTotal Sold (45 Days)Avg. Selling Price2023 Inventory2024 Inventory2025 Inventory
FordF-150127,98313143,982$59,5042,867123,754869
FordF-250 Super Duty46,32313415,569$70,3971,19444,92934
FordF-350 Super Duty25,8951318,870$77,64064125,15815
FordF-150 Lightning4,780972,210$69,1263614,37510

👉 See local truck inventory and price data with CarEdge Insights

Ford’s Oversupply Brings Big Black Friday Incentives

black friday truck deals

With a large supply of 2023 trucks still on hand, Ford is rolling out aggressive manufacturer incentives to clear its inventory. As Black Friday deals begin to roll out, here are the top Ford truck deals available in November:

2024 F-150 Lightning: 1.9% APR financing for 72 months

2024 F-150 XLT Hybrid: 3.9% APR financing for 60 months

2024 F-150 XLT Hybrid Lease: $427/month for 36 months with $6,506 due at signing

2024 Ford F-250 Super Duty: 3.9% APR financing for 60 months 

Bonus Cash: $3,000 cash offer on most Ford trucks

Year-End Truck Deals Are Arriving Early


As December’s year-end truck sales approach, expect even bigger savings on remaining Ford inventory. Ford’s inventory challenges mean there’s a great opportunity for buyers to negotiate significant discounts. Stay tuned to CarEdge News for the latest updates on the truck market—we’re here to help you find the best deals and save big on your next truck purchase.

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Last updated Nov 8, 2024

2 Comments

  1. Mark

    I’m thinking that Ford is going to have to get drastic with incentives or price reductions in order to clear these 2023 models out. I would love to buy a new truck, but the offerings fall short in my opinion. Plastic engine parts, and overall cheapening of manufacturing makes it unappealing to me. My F150 is 13 years old and I still like it very much.

    Reply
  2. JT Grand

    Ford needs to stop being so greedy on leasing. 7.99% is ridiculous and does not reflect current paring of prime rate, now below 4%. Serves them right. I hope they have to eat this oversupply.

    If/when they come back to earth, I will visit their showroom again.

    Reply

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