Ford Motor Company [NYSE:F] has confirmed at least two more years of production for its new GT, bringing the production commitment of the carbon fiber supercar to a total of four years.
The news isn’t a huge surprise given the significant interest generated for the first two years of production and the fact Ford has already committed to racing the GT through the 2019 seasons of the WeatherTech SportsCar Championship and World Endurance Championship.
The first two years of production will see the cars churned out at a rate of 250 per year. Assuming the same is true for the additional two years, there will be another 500 up for grabs. That will still mean most owners of the previous-generation GT miss out, as close to 4,000 units of that model were built.
The good news for loyal fans is that most of the additional 500 cars will likely end up with previous GT owners. According to Ford, around 7 out of 10 examples of the first 500 cars are earmarked for previous GT owners. And around 9 out of 10 are headed to previous Ford owners.
New Ford GTEnlarge Photo
“While we can’t build enough Ford GTs for everyone who has applied, we are going to produce additional vehicles in an effort to satisfy more of our most loyal Ford ambassadors,” Ford Performance boss Dave Pericak said in a statement. “We want to keep Ford GT exclusive, but at the same time we know how vital this customer is to our brand.”
There will be another application round for the additional two years of production starting in early 2018. Ford says year three of production will mostly support first round applicants who were placed on a waiting list. Everyone else will be supported by year four. Hopefully this time around social media status won’t be a key a deciding factor.
Deliveries of the new GT will commence later this year. The cars will arrive as 2017 models and have a starting price in the mid-$400k region. That’s not a bad deal considering their value will likely skyrocket.
The cars feature full carbon fiber construction and draw their power from a twin-turbocharged 3.5-liter V-6. Drive is to the rear wheels via a 7-speed dual-clutch transmission. Ford is yet to confirm performance numbers but we’re expecting an output of about 630 horsepower and 539 pound-feet of torque.