DETROIT -- Ford Motor Co. has raised cash rebates on 2004 model year F-150 pickup trucks and extended discounts on many of its 2005 model year cars and SUVs through year end, the automaker said on Tuesday.
Ford hiked cash rebates on the 2004 model year pickup trucks by $500 to a total of $3,000, Ford spokesman David Reuter said.
Last week, Ford raised cash rebates on some of its 2005 model year vehicles by between $500 and $1,000 for a total of up to $2,000. But the new incentives were only scheduled to run through Monday.
Those rebates now run through Jan. 3, Reuter said.
Incentives from the automaker, which saw a 7 percent decline in sales in September, cover some of its 2005 model year SUVs, including the Explorer and the Expedition, and its Taurus mid-sized car.
Both Ford and General Motors have high inventories of unsold vehicles. GM is offering cash rebates of up to $6,000 on most of its 2004 SUVs and up to $2,500 on many of its 2005 pickups.