Editing Ford Model T (section)

===Price and production===
[[File: Phoenix-Phoenix Police Museum-1919 Ford Model TPolice Cruiser.jpg|thumb|1919 Ford Model{{nbsp}}T Phoenix Police cruiser]]
{{external media
| image1=[https://hbr.org/resources/images/article_assets/hbr/7409/74501_A.gif Ford Model T price/volume curve, 1909–1923]
}}

The moving assembly line system, which started on October 7, 1913, allowed Ford to reduce the price of his cars.<ref>{{Cite news |url=http://www.nydailynews.com/autos/ford-assembly-line-turns-100-changed-society-article-1.1478331 |title=Ford's Assembly Line Turns 100: How It Changed Manufacturing and Society |work=[[New York Daily News|Daily News]] |date=2013-10-07 |access-date=2017-08-27 |archive-url= https://web.archive.org/web/20131130021237/http://www.nydailynews.com/autos/ford-assembly-line-turns-100-changed-society-article-1.1478331 |archive-date=2013-11-30}}</ref> As he continued to fine-tune the system, Ford was able to keep reducing costs significantly.<ref name=imf>{{cite web|url= https://www.imf.org/en/Publications/WP/Issues/2017/05/22/Riding-the-Energy-Transition-Oil-Beyond-2040-44932 |title=Riding the Energy Transition : Oil Beyond 2040 |first1=Reda |last1=Cherif |first2=Fuad |last2=Hasanov |first3=Aditya |last3=Pande |publisher= [[International Monetary Fund]] |date=2017-05-22 |access-date=2017-10-07 |page=13 |quote=Vehicle adoption is strongly associated with the ability to offer an affordable price. The large fall in prices in the early 1900s, thanks to the economies of scale and process innovations made by Ford, is closely matched by a rise in motor vehicle registrations.<!-- by [[nominal GDP]] -->}}</ref> As volume increased, he was able to also lower the prices due to some of the fixed costs being spread over a larger number of vehicles<ref name=Abernathy/> as large supply chain investments increased assets per vehicle. Other factors reduced the price such as material costs and design changes.<ref name=Abernathy/> As Ford had market dominance in North America during the 1910s, other competitors reduced their prices to stay competitive, while offering features that were not available on the Model{{nbsp}}T such as a wide choice of colors, body styles and interior appearance and choices, and competitors also benefited from the reduced costs of raw materials and infrastructure benefits to supply chain and ancillary manufacturing businesses.

In 1909, the cost of the Runabout started at {{US$|825|long=no|year=1909|round=-1}}. By 1925 it had been lowered to {{US$|260|long=no|year=1925|round=-1}}.

The figures below are US production numbers compiled by R. E. Houston, Ford Production Department, August 3, 1927. The figures between 1909 and 1920 are for Ford's fiscal year. From 1909 to 1913, the fiscal year was from October 1 to September 30 the following calendar year with the year number being the year in which it ended. For the 1914 fiscal year, the year was October 1, 1913, through July 31, 1914. Starting in August 1914, and through the end of the Model{{nbsp}}T era, the fiscal year was August 1 through July 31. Beginning with January 1920, the figures are for the calendar year.

{| class="sortable wikitable"
|-
! Year !! Production !! Price for<br />Runabout !! Current<br/>equivalent<br/>cost!!Notes
|-
| 1909 || style="text-align:right;"|10,666 || style="text-align:right;"|$825 || style="text-align:right;"|${{Inflation|US|825|1909|fmt=c}}  ||Touring car was $850.
|-
| 1910 || style="text-align:right;"|19,050 || style="text-align:right;"|$900 || style="text-align:right;"|${{Inflation|US|900|1910|fmt=c}}||
|-
| 1911 || style="text-align:right;"|34,858 || style="text-align:right;"|$680 || style="text-align:right;"|${{Inflation|US|680|1911|fmt=c}} ||
|-
| 1912 || style="text-align:right;"|68,733 || style="text-align:right;"|$590 || style="text-align:right;"|${{Inflation|US|590|1912|fmt=c}} ||
|-
| 1913 || style="text-align:right;"|170,211 || style="text-align:right;"|$525 || style="text-align:right;"|${{Inflation|US|525|1913|fmt=c}} ||
|-
| 1914 || style="text-align:right;"|202,667 || style="text-align:right;"|$440 || style="text-align:right;"|${{Inflation|US|440|1914|fmt=c}}||  Fiscal year was only 10 months long due to change in end date from September 30 to July 31.
|-
| 1915 || style="text-align:right;"|308,162 || style="text-align:right;"|$390 || style="text-align:right;"|${{Inflation|US|390|1915|fmt=c}}||
|-
| 1916 || style="text-align:right;"|501,462 || style="text-align:right;"|$345 || style="text-align:right;"|${{Inflation|US|345|1916|fmt=c}}||<ref>{{Harvnb|Lewis|1976|pp=41–59}}.</ref>
|-
| 1917 || style="text-align:right;"|735,020 || style="text-align:right;"|$500 || style="text-align:right;"|${{Inflation|US|500|1917|fmt=c}}||
|-
| 1918 || style="text-align:right;"|664,076 || style="text-align:right;"|$500 || style="text-align:right;"|${{Inflation|US|500|1918|fmt=c}}||
|-
| 1919 || style="text-align:right;"|498,342 || style="text-align:right;"|$500 || style="text-align:right;"|${{Inflation|US|500|1919|fmt=c}}||
|-
| 1920 || style="text-align:right;"|941,042 || style="text-align:right;"|$395 || style="text-align:right;"|${{Inflation|US|395|1920|fmt=c}}|| Production for fiscal year 1920, (August 1, 1919 through July 31, 1920). Price was $550 in March but dropped by September.
|-
| 1920 || style="text-align:right;"|463,451 || style="text-align:right;"|$395 || style="text-align:right;"|${{Inflation|US|395|1920|fmt=c}}|| Production for balance of calendar year, August 1 through December 31. Total '1920' production (17 months) = 1,404,493
|-
| 1921 || style="text-align:right;"|971,610 || style="text-align:right;"|$325 || style="text-align:right;"|${{Inflation|US|325|1921|fmt=c}}|| Price was $370 in June but dropped by September.
|-
| 1922 || style="text-align:right;"|1,301,067 || style="text-align:right;"|$319 || style="text-align:right;"|${{Inflation|US|319|1922|fmt=c}}||
|-
| 1923 || style="text-align:right;"|2,011,125 || style="text-align:right;"|$364 || style="text-align:right;"|${{Inflation|US|364|1923|fmt=c}}||
|-
| 1924 || style="text-align:right;"|1,922,048 || style="text-align:right;"|$265 || style="text-align:right;"|${{Inflation|US|265|1924|fmt=c}}||
|-
| 1925 || style="text-align:right;"|1,911,705 || style="text-align:right;"|$260 || style="text-align:right;"|${{Inflation|US|260|1925|fmt=c}}|| Touring car was $290.
|-
| 1926 || style="text-align:right;"|1,554,465 || style="text-align:right;"|$360 || style="text-align:right;"|${{Inflation|US|360|1926|fmt=c}}||
|-
| 1927 || style="text-align:right;"|399,725 || style="text-align:right;"|$360 || style="text-align:right;"|${{Inflation|US|360|1927|fmt=c}}||  Production ended before mid-year to allow retooling for the [[Ford Model A (1927–31)|Model A]].
|}

The above tally includes a total of 14,689,525 vehicles. Ford said the last Model{{nbsp}}T was the 15 millionth vehicle produced.<ref name=15million/>