Mustang Marketing Mistake?
#1
I’m going to put forward a proposition that’s likely to be unpopular on this forum, namely that Ford may have blown it with the design of the 2005 Mustang. (This is NOT based on opinion – I own one and love it. Rather, it’s based on sales history.)
The sales success of the Mustang has always depended on the sales of the base models, not the performance models, the fastbacks or the convertibles. Traditionally, over 1/2 of the purchasers are female. Over 2/3 choose the V6. Performance models certainly don’t determine the Mustang’s success. Even in the late 1990s, as the Mustang was driving the Camaro from the marketplace, the Z28 still handily outsold the GT. What killed the Camaro was that few people wanted to buy the V6 version.
Here's some data:
1966
Coupe 499,751
Fastback 35,698
Convertible 72,119
1968
Coupe 249,447
Fastback 42,581
Convertible 25,376
1972
Coupe 76,754
Fastback 46,260
Convertible 11,853
1974
Coupe 267,148
Fastback 118,845
During the era of the Mustang II the fastback started closing the gap, but this wasn’t just a fastback, it was a hatchback, and that adds a great deal of utility. So much so that during the Fox years the hatchback outsold the coupe, but there hasn’t been a hatchback since 1993. The current 2+2 design may well lack both the broad-based appeal of a traditional coupe and the utility of a hatchback.
So, are there any outward signs of this yet? Here in Birmingham, AL, V6s were being sold for invoice almost as soon as they appeared and they’re already piling up on dealers’ lots. Sure, the GT is still a hot ticket, but that’s a relatively easily saturated niche market. I think Ford made a big marketing mistake when they didn’t offer a third body style – the notchback coupe.
The sales success of the Mustang has always depended on the sales of the base models, not the performance models, the fastbacks or the convertibles. Traditionally, over 1/2 of the purchasers are female. Over 2/3 choose the V6. Performance models certainly don’t determine the Mustang’s success. Even in the late 1990s, as the Mustang was driving the Camaro from the marketplace, the Z28 still handily outsold the GT. What killed the Camaro was that few people wanted to buy the V6 version.
Here's some data:
1966
Coupe 499,751
Fastback 35,698
Convertible 72,119
1968
Coupe 249,447
Fastback 42,581
Convertible 25,376
1972
Coupe 76,754
Fastback 46,260
Convertible 11,853
1974
Coupe 267,148
Fastback 118,845
During the era of the Mustang II the fastback started closing the gap, but this wasn’t just a fastback, it was a hatchback, and that adds a great deal of utility. So much so that during the Fox years the hatchback outsold the coupe, but there hasn’t been a hatchback since 1993. The current 2+2 design may well lack both the broad-based appeal of a traditional coupe and the utility of a hatchback.
So, are there any outward signs of this yet? Here in Birmingham, AL, V6s were being sold for invoice almost as soon as they appeared and they’re already piling up on dealers’ lots. Sure, the GT is still a hot ticket, but that’s a relatively easily saturated niche market. I think Ford made a big marketing mistake when they didn’t offer a third body style – the notchback coupe.
#3
After all these years,
My C/T still sucks!
My C/T still sucks!
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I would sooner kill myself than drive a notchback 05.......I love mine, I love its style, I am female and I have a v6.There I did my part.
#4
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Mustang sales have done just fine without a coupe for the last 11 years--well enough to drive all others out of the market. Looking at some of our digital artists' work, I don't think Ford would sell more than half a dozen true coupes.
If you're in Birmingham, you need to check out Magic City Mustangs.
If you're in Birmingham, you need to check out Magic City Mustangs.
#6
Brad is exactly right. Even though they have been called coupes, every nonconvertible mustang since 1994 has essentially been a 2+2 fastback, and they have sold great. i doubt this year will be any different.
#7
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The one thing I think Ford Marketing should change, however, is the V6 to GT ratio. There are at least a dozen V6s on the local dealer lots, and only one or two GTs, if any at all. Clearly the V8s are selling well; they should be making more of them than they are right now.
#9
Legacy TMS Member
Originally posted by TheMustangSource@February 17, 2005, 6:19 PM
The one thing I think Ford Marketing should change, however, is the V6 to GT ratio. There are at least a dozen V6s on the local dealer lots, and only one or two GTs, if any at all. Clearly the V8s are selling well; they should be making more of them than they are right now.
The one thing I think Ford Marketing should change, however, is the V6 to GT ratio. There are at least a dozen V6s on the local dealer lots, and only one or two GTs, if any at all. Clearly the V8s are selling well; they should be making more of them than they are right now.
#10
Originally posted by TheMustangSource@February 17, 2005, 6:19 PM
The one thing I think Ford Marketing should change, however, is the V6 to GT ratio. There are at least a dozen V6s on the local dealer lots, and only one or two GTs, if any at all. Clearly the V8s are selling well; they should be making more of them than they are right now.
The one thing I think Ford Marketing should change, however, is the V6 to GT ratio. There are at least a dozen V6s on the local dealer lots, and only one or two GTs, if any at all. Clearly the V8s are selling well; they should be making more of them than they are right now.
#13
Originally posted by jsheehan@February 17, 2005, 6:14 PM
Brad is exactly right. Even though they have been called coupes, every nonconvertible mustang since 1994 has essentially been a 2+2 fastback, and they have sold great. i doubt this year will be any different.
Brad is exactly right. Even though they have been called coupes, every nonconvertible mustang since 1994 has essentially been a 2+2 fastback, and they have sold great. i doubt this year will be any different.
1965 - 559,451
1974 - 385,993 (but outsold by GM F-bodies)
1984 - 141,480 (but outsold by GM F-bodies)
1994 - 123,198 (but outsold by GM F-bodies)
2004 - 180,000 (but they were the only car in that niche)
I'm not proposing that the readership of this forum would PREFER a notchback. I'm suggesting that if in 2008 sales drop below 100,000 because there is no notchback, then there may not be a next generation Mustang.
#14
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Personally I'm having trouble seeing where a Notchback would do much more than dilute the existing sales of V-6's and GT's. Have dealers been inundated with requests for notchback's? My feelings are that the addition of alternatives like a notchback only makes sense if there is suppressed demand for it.
#15
Originally posted by iiibdsiil@February 17, 2005, 6:32 PM
One of the dealers near me has at least 12 V-6's on the lot, and not a GT to be seen. I do see a lot more V-6's on the road, but that is probably because you can't get a GT.
One of the dealers near me has at least 12 V-6's on the lot, and not a GT to be seen. I do see a lot more V-6's on the road, but that is probably because you can't get a GT.
#16
There is one thing not mentioned.
I don't think that 90% of the general public even knows this car exists yet.
Once it catches on with Joe 6 pack, the base models will be soaring off the showroom floor. IMO
I don't think that 90% of the general public even knows this car exists yet.
Once it catches on with Joe 6 pack, the base models will be soaring off the showroom floor. IMO
#17
Originally posted by 74Mach1+February 17, 2005, 6:34 PM--><div class='quotetop'>QUOTE(74Mach1 @ February 17, 2005, 6:34 PM)</div><div class='quotemain'><!--QuoteBegin-jsheehan@February 17, 2005, 6:14 PM
Brad is exactly right. Even though they have been called coupes, every nonconvertible mustang since 1994 has essentially been a 2+2 fastback, and they have sold great. i doubt this year will be any different.
Brad is exactly right. Even though they have been called coupes, every nonconvertible mustang since 1994 has essentially been a 2+2 fastback, and they have sold great. i doubt this year will be any different.
1965 - 559,451
1974 - 385,993 (but outsold by GM F-bodies)
1984 - 141,480 (but outsold by GM F-bodies)
1994 - 123,198 (but outsold by GM F-bodies)
2004 - 180,000 (but they were the only car in that niche)
I'm not proposing that the readership of this forum would PREFER a notchback. I'm suggesting that if in 2008 sales drop below 100,000 because there is no notchback, then there may not be a next generation Mustang.
[/b][/quote]
The mustang is no longer the car that it started out as. So the sales nombers will never be what they once were. The mustang price has gone up conciderably since the 60's and 70's. Those prices were closer to what the civic and focus are now.
As for being out sold. they were never out sold. You can't count two seperate models from two different subsidiaries as outselling. The camaro and the firebird each had their benefits which is why GM offered both and sold some of each. Mustangs have always outsold camaros, and always outsold firebirds. The notchback wasn't the reason. The 05, or any recent model for that matter would look sinfully ugly in notchback form.
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Originally posted by 74Mach1+February 17, 2005, 5:45 PM--><div class='quotetop'>QUOTE(74Mach1 @ February 17, 2005, 5:45 PM)</div><div class='quotemain'><!--QuoteBegin-iiibdsiil@February 17, 2005, 6:32 PM
One of the dealers near me has at least 12 V-6's on the lot, and not a GT to be seen. I do see a lot more V-6's on the road, but that is probably because you can't get a GT.
One of the dealers near me has at least 12 V-6's on the lot, and not a GT to be seen. I do see a lot more V-6's on the road, but that is probably because you can't get a GT.
[/b][/quote]
From what I've seen Ford has not done a whole lot to market the 05 'stangs yet. They did the ad during the Superbowl for the vert but you don't see Mustang ad's all over the airwaves. If they were concerned that the cars weren't selling you can bet they'd be advertising like heck! As for discounts we haven't seen too many discounts out west. And with snow still being on the ground in much of the country I don't anticipate that sales will state to soar until spring.
#19
Originally posted by ponyboy66@February 17, 2005, 6:45 PM
There is one thing not mentioned.
I don't think that 90% of the general public even knows this car exists yet.
Once it catches on with Joe 6 pack, the base models will be soaring off the showroom floor. IMO
There is one thing not mentioned.
I don't think that 90% of the general public even knows this car exists yet.
Once it catches on with Joe 6 pack, the base models will be soaring off the showroom floor. IMO
#20
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Does anyone know the current production numbers - how many V6s and GTs have been built since September?
It will be interesting to see what impact the convertible has once spring is here...
It will be interesting to see what impact the convertible has once spring is here...