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How much did it cost Henry Ford to build the Model T automobile?

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How much did it cost Henry Ford to build the Model T automobile?

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Over 15 million Model Ts were produced/ sold between 1908 –1927. The cost to produce the Model T varied by year. The reason is Henry Ford constantly found ways to reduce production costs through the years. Most notably, he did this with the introduction of the moving/ mechanized assembly line in 1913. Once implemented, Ford honed the process with improvements. As an aside, it is Ransom Olds (the Oldsmoblie) who is credited with inventing the assembly line, not Henry Ford. IN 1908, the cost of the Model T was $908. His profit margin on each car in 1909 was $220. So, roughly, the cost to manufacture a car in the first two years of production was approximately $685 + – . Through the years, Ford’s profit margins were much less as the company relied on volume sales. Read on………… “In October 1908, the first Model T Fords were sold for $950. As Henry Ford found new ways to reduce production costs, he passed the savings on to consumers as lower prices. By 1912, the car was selling for $575. It

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