Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000

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Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000
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Ford just unveiled its new “family” of Bronco SUVs — take a look:

is taking a run at the nation's No. 1 off-road seller, the Jeep Wrangler, with its highly anticipated relaunch Monday night of the Bronco SUV — a boxy utility vehicle that developed a cult following after it was discontinued in 1996.

Top-end models with additional features and equipment can top $60,000. A limited "First Edition" Bronco model starts at $60,800, according to Ford's website. "It's a long time coming. The market is waiting and ready," said Jeff Schuster, president of the Americas and global vehicle forecasts for research firm LMC Automotive. The Bronco is the Jeep Wrangler's first direct competitor since

"With Bronco, Ford is making a clear push into the off-road segment of the [North American] SUV market," Credit Suisse analyst Dan Levy wrote in a note to investors Monday. "While we expect Wrangler to remain the leader in the off-road segment, we nevertheless see attractive opportunity for Bronco given its heritage."

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