Australian dealers charging $31,000 more for Ford Falcons after car giant ends production

Dealerships are charging excessive prices for the last ever Ford Falcon V8 sedan to come off the production line. Photo / Supplied
Dealerships are charging excessive prices for the last ever Ford Falcon V8 sedan to come off the production line. Photo / Supplied

Buyers are ignoring the adage that a car depreciates in value as soon as it leaves the showroom, paying as much as AU$30,000 (NZ$31,700) more than the retail price for one of the last ever Ford Falcon V8 sedans, 100 of which were distributed in New Zealand.

The final batch of the famous sedans to come off the production line were believed to have all sold, however a number of dealers reportedly had some hidden away.

These dealers have sent prices skyrocketing, charging up to AU$90,000 (NZ$95,300) for the Ford Falcon XR8 Sprint, a car normally worth AU$60,000 (NZ$63,500), the Daily Telegraph reports.

While the mark up in price should seemingly deter buyers, it seems many have their hearts set on owning what they hope is a future classic.

Despite backlash from many Ford lovers, the company's Australian body says they are powerless to control what price dealers charge, the Daily Mail reports.

"We set a wholesale price and recommended retail price ... but at the end of the day the dealer and the customer decide what the vehicle is going to be sold and bought for," Ford Australia boss Graeme Whickman has said previously.

"We love the fact that (our cars) are in hot demand but we don't get involved in those pricing decisions between dealers and customers."

Despite complaints from customers, Ford Australia has said they are powerless to regulate the prices charged by dealers. Photo / 123rf
Despite complaints from customers, Ford Australia has said they are powerless to regulate the prices charged by dealers. Photo / 123rf

Online car sales sites show dozens of the vehicles available for purchase at inflated prices.

While most are charging closer to AU$10,000 (NZ$10,590) above the retail price, others have blown it completely out of the water.

Much of the reason for the increased demand and hype surrounding surrounding the vehicle comes because it is a Falcon GT in all but name.

The car comes with the same powerful engine and race performance brakes used in the GT.

Ford built just 850 of the vehicles, with 750 distributed throughout Australia and 100 to New Zealand.

- Daily Mail

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