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Ford wants more customers to customize vehicles to boost profits as it eyes 'Nike shoe drop' moments - CNBC
Ford is expanding its accessory and parts business in an effort to boost profits and better tap into the $53 billion U.S. automotive aftermarket industry.
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Ford is expanding its accessory and parts business to boost profits and better capture the $53 billion U.S. automotive aftermarket, offering products ranging from exterior detailing and vehicle wraps to performance parts.
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The automaker aims to create exclusive, limited-run vehicle releases it likens to a "Nike shoe drop," according to Matt Simpson, executive director of Ford Customization, who said the company is significantly increasing investment in the group.
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Ford Custom Garage, launched last year as a one-stop shop for customizations, held its first "vehicle drop" on Monday: a desert sunrise-inspired Bronco SUV priced at $57,350.
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The limited-edition Bronco features the Desert Rising package, which adds $13,695 to the price, and Ford plans to produce 1,000 units as part of the new Bronco Horizon Series.
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Other Ford Custom Garage packages start at several thousand dollars and can reach $16,000 to $18,000 for some Mustang performance packages and nearly $27,000 for a special performance version of the F-150 pickup.
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While automakers have long relied on special-edition and souped-up models to raise prices, Ford says it is methodically working to expand customization options across all price levels, viewing the effort as a growth lever it believes can become significantly bigger.