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If you’re looking to buy a car from Ford, you’ll soon have only one choice: a Mustang.

Faced with plunging demand and declining profits from its passenger car lineup, Ford will shift its resources to the booming side of the market: pickups, SUVs and crossover-utility vehicles, said CEO Jim Hackett late on Wednesday.

By 2022, Ford will eliminate such familiar nameplates as the full-size Taurus, midsize Fusion and subcompact Fiesta. It will continue producing the Mustang, the most popular vehicle in the sports coupe segment that has retained a sort of cult status.

“We’re going to feed the healthy parts of our business and deal decisively with the areas that destroy value,” Hackett said during a conference call. “We’re starting to understand what we need to do and making clear decisions there.”

America wants utility vehicles

The Ford Focus will only be offered in the U.S. market as a crossover — but will be built in China. That frees up the Wayne, Michigan, assembly plant to start rolling out two new light truck models: the Ranger pickup and the Bronco SUV — both reviving nameplates that Ford had dropped in years past. All told, the automaker plans to add five new SUVs over the next two years, as well as the midsize Ranger pickup.

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The rebirth of the Ranger underscores the surge in light truck sales. The compact pickup segment seemed destined to vanish earlier in the decade but has come roaring back with all-new or updated offerings from not only Ford but General Motors, Honda and Toyota. Even Hyundai is working on a new model, the Santa Cruz.

But the real surge is on the utility vehicle side where traditional, truck-based sport utility vehicles and newer crossover-utility vehicles like the popular Ford Escape now account for half of the overall American new vehicle market. Add pickups, vans and other light trucks and that jumps to 65 percent, with sedans and coupes continuing to lose momentum.

“This might be the boldest move Ford has made in many years,” analyst Dave Sullivan, of AutoPacific, Inc., told NBC News. “This is not a surprise given the direction that consumer preferences have moved.”

But it’s no slam dunk, Sullivan cautioned, considering Ford is by no means the only automaker trimming back on its passenger car spending. “The crossover market will be even more crowded” in the coming years.