In 2012, the base price for Ford’s Focus Electric was US$39,995. Now, Ford’s website features a list price of US$37,995 for “cash-only” sales and a hefty US$10,750 discount on “Red Carpet leases” for delivery by April 1.
Moreover, the monthly payment for a 36-month lease with 10,500 miles per year has dropped from US$350 to US$285 and US$930 up front, and if the car is purchased through Ford Motor Credit, it offers a 1.9 percent financing rate.
That’s because, according to a report from The Detroit News, last year sales of Ford’s all-electric compact hatchback have been abysmal. In 2012, Ford produced 1,627 units but managed to shift just 685 of them.
“We certainly are not in a situation where we have to completely discount but we do have to respond to competitive pressures”, commented Ford spokesman Wes Sherwood, adding that, “we’re not anywhere close to where Nissan has gone with the Leaf”.
Any way you slice it, the asking price is simply exorbitant for a compact hatchback by a mass-manufacturer, electric powertrain or not. The price may be dictated by the expensive technology incorporated in the Focus Electric, but buyers usually vote with their wallets - and those in the market for a 40k car, if anything, are spoiled for choice...
By Andrew Tsaousis
5 Comments:
Tempting, but not tempting enough.
I certainly wouldn't mind having this as a 2nd car. It has enough range to make it useful as a grocery getter and I already have a 220v outlet in my garage.
I think the main reason I wouldn't get one is the price and the fact that I telecommute every day. I now have an F-150 and a Chevy Equinox with a 4 banger but I only use about a tank of gas each month for the truck and even less for the Chevy.
$10,750 discount!? That's shocking...
Good to see the laws of Economics at work.
When the price is too high, sales are too low…!
Or as they say in the US, “Go figure!”
Good. I'm glad that people aren't willing to pay more for a vehicle that provides reduced performance and limited range. I was beginning to think that people were eating stupid pills. But clearly, the outright failure of the Nissan Leaf, and the lowered expectations of the electric Focus suggests that people are not that dumb when handing over their money.
I don't think i've seen a SINGLE ad for the electric Ford Focus yet. Many commercials for the Volt and many for the Leaf. Ford needs to run something during the superbowl.
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