Ford Motor Company (NYSE:F) showed off its latest version of the fabled GT Super muscle car and it was everything enthusiasts were expecting. The limited production vehicle will price at $400k and it has all the features a muscle car collector could imagine. The car will go on sale to the public in the second half of 2016. Only 250 units will be produced by the company and this adds to the intrigue the car is creating among aficionados. The car was revealed at the Detroit auto show and confirmed by director of Ford Performance, Dave Pericak. The car is a two-seater with a mid-engine and is priced the same as a new Lamborghini Aventador.
The car will begin production early next year and is Ford’s latest concept car. It features a carbon fiber body and it will be almost completely hand-built by assembler, Multimatic of Canada. The car is designed to be a halo vehicle and it will showcase Ford’s performance and technological dominance in the muscle car market. The last time Ford produced a GT was in 2005. That car was priced at $150k and the model has come a long way since then. Only 4,000 of that model were built and the value of those cars has almost tripled over time. Ford is planning to release 12 performance vehicles by 2020. These include the GT, Mustang Shelby GT350and GT350R, Fiesta ST, Focus ST, Focus RS and F-150 Raptor pickup.
Performance cars are automakers chance to show off their performance dominance and the biggest automakers take it very seriously. Enthusiasts are very brand-loyal and they expect these limited cars to be available. The concepts offer the latest in engine performance technology and while they are just barely street legal, they can be toned down they are more valuable as collectors’ items and keepsakes.
Ford Motor Company (NYSE:F) has been trading very strong lately and the momentum is consistent. It is above both MA’s and seems to be losing no steam.