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