There's an article in today's Wall Street Journal that talks about the new Mustang and it's target market for the new model in 2014 1/2. Is the current version the last of the Muscle Cars? A quote from the article:
"The Mustang, the Pony car that launched affordable and compact sports cars, today strongly hews to the look of the 1964 original. But Ford is working on radical makeover of its signature youth-market car, people familiar with Ford's plans said. The next generation would retain the shark-nosed grille and round headlights, but would look more like the new Ford Fusion than the current Mustang, these people said.
The change is part of a bid to make the Mustang appeal to Generation Y, the roughly 80 million people who were born between 1980 and 1999. This demographic group is entering its peak car-buying years. Cars that their parents drive—and hark back to the days of Woodstock, 20 years before they were born—don't really interest them.
"You cannot sustain sales without looking for new buyers. True, you are going to lose sales, but you need to refresh the population of buyers," said Alexander Edwards, an analyst with Strategic Vision, a California research firm that helps auto companies understand why customers choose the vehicles they buy."
For those that have access:
http://professional.wsj.com/article/SB10001424052702303815404577335980934741136.html?mod=WSJPRO_hpp_MIDDLE_Video_Top
"The Mustang, the Pony car that launched affordable and compact sports cars, today strongly hews to the look of the 1964 original. But Ford is working on radical makeover of its signature youth-market car, people familiar with Ford's plans said. The next generation would retain the shark-nosed grille and round headlights, but would look more like the new Ford Fusion than the current Mustang, these people said.
The change is part of a bid to make the Mustang appeal to Generation Y, the roughly 80 million people who were born between 1980 and 1999. This demographic group is entering its peak car-buying years. Cars that their parents drive—and hark back to the days of Woodstock, 20 years before they were born—don't really interest them.
"You cannot sustain sales without looking for new buyers. True, you are going to lose sales, but you need to refresh the population of buyers," said Alexander Edwards, an analyst with Strategic Vision, a California research firm that helps auto companies understand why customers choose the vehicles they buy."
For those that have access:
http://professional.wsj.com/article/SB10001424052702303815404577335980934741136.html?mod=WSJPRO_hpp_MIDDLE_Video_Top
