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The COVID-19 pandemic has caused many Ford production delays. Now some Ford 2020 models won’t hit the showrooms on time. These include the F-150, Mustang Mach-E and the most anticipated model, the Ford Bronco. Most of these models will arrive later in the year, about 2 months late. However, the Bronco will not be available for sales until 2021. 

How Long Will Ford Production Delays Last?

Ford begins production on May 18. This is an essential date for three of the biggest car manufacturers. United Auto Workers has cleared Ford, General Motors and Fiat Chrysler to resume production today. These dealers are going to be working hard to make up for lost time and money. Ford lost $5 billion just this quarter and other automakers aren’t doing much better. 

During these delays, Ford has been doing all they can by making masks, respirators and other PPE (personal protective equipment). They have put forth an impressive effort, while GM has been doing the same to fight this virus. No one can fault the automakers for their efforts during this pandemic, but now it’s time to get back to business.

Ford has already opened production in Europe and China, where the coronavirus is starting to wind down. The Ford Bronco, next-gen F-150 and the Mach-E model are all huge moneymakers for them. These three models are necessary for the company’s future, as they will likely have the most demand. Hopefully, we won’t have to wait too long for them. 

Will You Wait for a New Ford?

The hype over these vehicles has been strong, so we know many consumers are anxious. How about you? Are you waiting for one of the new Ford models? If you have the money to buy a vehicle will you wait or will you purchase a model that’s available now? Let us know in the comments below.

Companies like Allstate and Geico are offering coronavirus car insurance discounts during
this rough time. Many have struggled through the COVID-19 pandemic. However, auto insurance companies have not, because of the shelter-in-place orders causing fewer people to drive. 

What Coronavirus Car Insurance Discounts are Available?

Because of the decreased number of drivers, there have been fewer accidents occurring. This means less claims filed and more money for the auto insurance companies during the coronavirus pandemic. Autoblog claims that driving is down 30%-50% in most states.

To help drivers, Allstate is giving $600 million to their 18 million customers, plus a 15% credit on their monthly premiums during April and May. If you are a Geico customer, you’ll receive a 15% credit the next time your insurance is renewed. This discount from Geico has an approximate value of $2.5 billion.

If you have Allstate’s mobile app, you’ll get your money first. Geico’s customers will wait until their six-month renewal, so anytime between April 8-October 7, 2020. However, you won’t need to perform any actions to receive this discount. 

Other insurance companies who are offering savings include American Family Insurance is giving $50 per vehicle you have insured, Next Insurance is offering a 25% discount on your premium and Liberty Mutual is giving 15% back on two months of payments. Other large insurance companies like State Farm and Progressive are looking into a discount for their customers. 

Will You Be Getting a Discount?

Are you a customer of one of the companies listed here or are you with a different insurance company? If so, we want to hear what discounts there are offering in the comments below. Stay tuned to our site for more information on how the COVID-19 pandemic is affecting the auto industry.

Additionally, if you drive an EV, you might be interested in comparing electric car insurance rates.

While you are waiting for the pandemic to pass, consider implementing some of our top car care tips.

Have you heard the latest coronavirus news? It’s true! We just witnessed gas prices fall under $2 per gallon due to the pandemic, and we don’t see it coming up any time soon.  There has been a massive drop in price for oil, which has made gas prices plummet to rock bottom. In regular times, this would be great news. Unfortunately, this summer might not be a busy travel season, so people won’t be able to take advantage of it. This usually is when we see higher gas prices.

Why Did Gas Prices Fall?

The COVID-19 epidemic is affecting the economy in many ways, and this is just one of the things changing because of the outbreak. The gas price went below $2 on Tuesday, even though this hasn’t happened in four years. Plus, the national average of $1.99 is now 11 cents lower than a week ago, and 69 cents cheaper than a year ago.

Most experts didn’t expect it to fall below $1. However, it did. According to GasBuddy, a fuel price tracking app, some states are only charging $1 or less per gallon of fuel. Wisconsin has stations charging 95 cents. 

The cost of oil has dropped into the $20 range, because of the global economic shutdown. According to the Oil Price Information Service, the amount of oil is at an 18 year low. Approximately 100,000 gas stations are only charging $2 or less for every gallon and 29 out of 50 states have an average of less than $2.

What Will Happen to Fuel Prices?

Sadly, for most people, it’s impossible to take advantage of this great bargain because the majority of Americans have a stay at home order. This order only allows residents to drive for essential items. With the lack of driving occurring, the fuel only continues to be stockpiled, leading to further issues. 

This isn’t the only disruption to the economy. Did you hear that the 2020 Detroit Auto Show was canceled due to COVID-19?

The production of Lamborghini has been suspended from March 13-25 and might be longer, depending on how the world handles the COVID-19 outbreak. On top of that, Ferrari is also at a full shutdown with two factories located in Italy, at least for the month of March.

Part suppliers can’t support manufacturing, which is just one of the reasons for the suspension. Automakers said they may continue with other operations, but only time will tell.

Brief History of Lamborghini

Lamborghini is an Italian brand that produces luxury SUVs and sports cars. The automaker is based out of Sant’Agata Bolognese. Volkswagen currently owns this company through Audi. The carmaker produces a V10-powered Huracan, a V8 Urus SUV and a V12 Aventador. Plus, the company makes V12 engines for powerboats.

Brief History of Ferrari

Ferrari is a company founded by Enzo Ferrari in 1939. The company produces luxury sports cars and is based out of Maranello. This automaker has the oldest and one of the most successful racing teams. They also have the highest number of racers. Its cars continue to be a symbol of wealth, speed and luxury.

Does Production of Lamborghini & Ferrari Affect You?

There’s no way to know exactly how coronavirus and auto sales will affect one another, but we’ve seen some tell-tale signs of slowdowns. Not only are the automakers shutting down or slowing production, but even the New York Auto Show was canceled.

Will this also slow down your dreams of owning one of these luxury models? Let us know in the comments below if you are postponing owning one of these models because of the lack of production. Also, are you having trouble getting parts for your luxury car? What ways is the coronavirus affecting your automotive needs?

Also, do you think that they will push the Electric Ferrari farther than 2025 because of this hiccup?

In this article, we will look at the connection between coronavirus and auto sales. Experts believe that this virus could make car sales drop dramatically. At first, the coronavirus was not expected to make much of an impact on sales, but new studies show differently. 

Should We Worry about Coronavirus and Auto Sales

Initial estimates stated that the industry would decline by .09%. However, new studies from Moody’s show the sales could fall by 2.5%. The demand for vehicles continues to weaken and carmakers are having trouble getting supplies because they want to contain the coronavirus.

China is the world’s largest car market and also the start of the outbreak. So, they are seeing less production and a profound change in shopping patterns. Many automakers operate near Ground Zero, including Kia, Nissan, Honda and Peugeot. With production halted, automakers are suffering.

Plus, people are avoiding crowded places. Some people are staying indoors because the government quarantined them, while others have a genuine concern about their own health. Either way, foot traffic is down in public places, such as car lots. 

In addition, there are new carbon emissions that negatively affect automakers, especially those trying to fund electric vehicle production. They have trouble financing these projects and innovations because of the conventional car sales drop.

In 2019, global car sales declined by 4.6%. It shall be interesting to see what the rest of 2020 will bring.

Tell Us Your Thoughts

How do you think the coronavirus will affect auto sales? Is there anything else the virus affects that you are concerned about? We know this is a stressful time for many people and we want to hear your thoughts in the comments below.

If you are still planning to purchase a new vehicle, read about how to negotiate car price. We want to make sure you get the lowest price possible on your new ride.