Business

Ford Aims at Import Crowd With Small Pickup Under $20,000

  • Maverick compact truck comes standard as gas-electric hybrid
  • Automaker hopes to revive a market for tiny trucks in the U.S.
WATCH: Ford’s Kumar Galhotra discusses the new hybrid Maverick pickup on Bloomberg TV.(Source: Bloomberg)

Ford Motor Co. is betting that by going small it can score big with the import crowd, pricing its new Maverick compact pickup truck at less than $20,000 and powering it with a standard gas-electric hybrid propulsion system.

With the average price of a new car now topping $40,000, Ford Chief Executive Officer Jim Farley has long said he wanted vehicles that appeal to younger, entry-level buyers who have been priced out of the market. As part of that effort, this fall Ford will start selling the small, four-door truck.

The Maverick seats five, has an eight-inch touch screen in the dash and gets 40-miles to the gallon in city driving. It will be one of the tiniest trucks in the U.S. At just under 200-inches long -- about 16.6-feet -- the Maverick is only six-inches longer than a Toyota Camry and more than four-feet shorter than Ford’s F-250 Super Duty truck.