Ford’s hot-in-demand 2022 Maverick pickup truck appears to be sold out, with The Wall Street Journal reporting that the automaker has taken the unusual step of suspending reservations.
Ford reached out to its dealers to tell them it was suspending customer orders, the Journal reports. The company will resume taking orders for the hybrid truck this summer. A Ford executive confirmed the unusual move in an interview with the paper as well, stating:
“We didn’t want to take more orders than we could build,” said Dean Stoneley, general manager of Ford trucks, in an interview. “We’re getting customers who would have perhaps bought a used car and are now buying the Maverick because it is so affordable,” he said.
“There’s been overwhelming demand for Maverick – both hybrid and EcoBoost,” a Ford spokesperson said in a statement. “We’re making the decision to stop taking new retail orders on the 2022 Ford Maverick starting after January 27 to focus on existing orders. Customers may still be able to purchase a Maverick on the lot at their local Ford dealer. We’ll kick off ordering for the 2023 Maverick starting in the summer.”
The Maverick’s affordability — the base model starts at $20,000 — as well as its gas-electric hybrid powertrain have made the truck highly desirable for American car buyers who are hungry for cheaper, more environmentally friendly vehicles.
Car prices for both new and used models are at an all-time high amid soaring demand and tight inventory. The ongoing microchip shortage is also helping to fuel shortages on dealership lots, further constraining buyer options.
The average transaction price for a new car is now higher than the manufacturer’s suggested retail price: $45,872 versus $45,209, according to the most recent data from Edmunds.
Big trucks and SUVs, which are the biggest sellers in the US, are helping to drive that average price up. Automakers have responded by also slashing many entry-level vehicles from their lineup, including low-cost sedans and smaller SUVs and crossovers. The Maverick was an outlier: a highly affordable compact truck marketed to younger buyers and urban dwellers.