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

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

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:

Make	Model	Total New	Total Market Day Supply	Total Sold (45 Days)	Avg. Selling Price	2023 Inventory	2024 Inventory	2025 Inventory
Ford	F-150	127,983	131	43,982	$59,504	2,867	123,754	869
Ford	F-250 Super Duty	46,323	134	15,569	$70,397	1,194	44,929	34
Ford	F-350 Super Duty	25,895	131	8,870	$77,640	641	25,158	15
Ford	F-150 Lightning	4,780	97	2,210	$69,126	361	4,375	10

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Ford’s Oversupply Brings Big Black Friday Incentives

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.