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How new car shortages may impact your buying experience

If you want further proof that the auto industry is bouncing back, look no further than the empty lots and forecourts of your local dealership. According to a story by The Wall Street Journal, continued high demand for mainstream cars is overtaxing automakers' ability to produce enough models. Several dealers interviewed for the story are reporting two-week supplies as opposed to the typical two-month allocations.
With sales expected to hit 1.4 million units when August numbers arrive shortly and incentive spending down to its lowest amount since January, these limited supplies are pushing prices even higher. For example, according to the WSJ, the average price of a Ford Fusion is up past $26,000. Unfortunately, it's difficult for manufacturers to increase production quickly. If it invests in its facilities, as many manufacturers have done, it risks wasting cash if growth suddenly slows. At the same time, the momentum gained over the past several years could be short lived if vehicle supplies continue to dwindle. "Manufacturers are in a precarious situation," notes Karl Brauer, a senior director at Kelley Blue Book.
Low interest rates and a wealth of desirable features are also allowing customers to purchase more expensive vehicles while justifying their higher overall price tags, a situation that is compounding supply shortages. Even now, during the annual end-of-summer clearance season, deals on new vehicles are remarkably difficult to come by. According to the report, the Toyota Corolla is in a self-inflicted state of shortage, as Toyota clears out inventory in anticipation of the new 2014 generation arriving in dealers. Ford's supplies should rebound as Fusion production comes on line at its Flat Rock, Michigan factory. The Chevrolet Impala, Honda Odyssey, Civic, and Accord and Subaru Forester are also facing shortages.

Chris Harris drives the 2015 Ford Mustang Over There

Ford makes some cars for America, and some cars for overseas. Sometimes those models cross over the ocean in one direction or another, but the Mustang has historically been a pony car meant for America. That all changes with the new model, though. It's not that Ford didn't design the new Mustang for American customers – it's just that it also refined it for markets overseas that aren't quite used to the live-axle brutality to which muscle car enthusiasts in the US have grown accustomed. Now that the Mustang is being offered in Europe – and in the UK with right-hand drive – it was only a matter of time before Chris Harris got his hands on one. And that's just what he's done for this latest video clip, taking a Mustang GT for a spin on both road and track in Wales. That's right, Harris is piloting the V8 model, not the EcoBoost four. So what does he think about an American expat shipped to the British isles? You'll want to watch the ten-minute clip yourself to gather his full impressions. But the long and short of it is that, while Harris doesn't think it's quite the match for something like a BMW M3, the Mustang doesn't cost anywhere near as much as the Bimmer. And that goes a long way, especially with all that rubber laid down on the track in the process.

2016 Ford Mustang GT bringing back hood turn signals

The 2016 Ford Mustang is being teased again, this time with a short video. And what you're looking at here is a nod back to Mustangs of the 1960s. Ford is bringing back a hood with turn signals in the vents. In 1967, Ford offered an optional hood on the Mustang with two heat extraction vents that faced the windscreen. Inside those vents were amber turn signals, so, you know, drivers could see their own blinkers blinking. A novelty feature, sure, but a nice historical cue that Ford is bringing back for its updated 2016 'Stang. We also know that Ford will offer a California Special pack on the 2016 Mustang GT. Beyond that, we don't expect too many more changes, seeing as how the Mustang was just completely redesigned for 2015. Stay tuned for the full details on Monday, May 11. Related Video: