Car buyers sue Ford over limited edition vehicle

[Amigo2k]

http://news.yahoo.com/s/nm/20080804/od_uk_nm/oukoe_uk_ford_collectors

on Aug 4, 7:00 PM ET

NEW YORK (Reuters) – Car buyers sued Ford on Monday complaining that a limited edition of a modified Ford Mustang was not so limited after all.

The class action lawsuit on behalf of a New York man and other buyers of the 2007 Roush Stage 3 BlackJack vehicles claimed they paid a premium price of nearly $59,000 (30,000 pounds) last year because Ford advertised that only 100 would be made.

The lawsuit, filed in U.S. District Court in Manhattan, accused Ford and Roush Performance Products Inc of manufacturing at least 100 more of the vehicles in 2008.

Representatives of Ford were not immediately available to comment, a company spokeswoman said.

“The vehicles purchased by the plaintiff and the other class members were not as unique or rare as the defendants had stated them to be,” the complaint said. “Their value from scarcity and as collectors’ items were and are dramatically less than the buyers had been led to believe their value would be.”

Ford manufactured a limited run of a modified version of the Ford Mustang, made especially for conversion by Roush into the Stage 3 BlackJack, the complaint said.

Drew Conner of Bardonia, N.Y., and at least 100 other people are members of the class seeking a jury trial and more than $12 million in damages.

Topic

[Garibaldi]

Interesting indeed. If you’re going to pay premium for a limited edition (and thinking its an investment because of the rarity), I can see why it would upset you to find its only half as rare now

[Anonymous]

caveat emptor (Let The Buyer Beware)

w00t.gif

[jonmandude]

If I understand this correctly they may not have a case.
If Ford promised a run of 100 2007 cars and only produced 100 2007 cars they did nothing wrong. They simply followed the success with another run of 100 2008 cars.
I am not a fan of people who buy cars for the collection value. Cars are made to be driven.

[Author]

Replies