Ford’s 2021 sales down 6.8% but finishes year with strong fourth quarter

Ford's 2021 sales down 6.8% but finishes year with strong fourth quarter

Ford autos are seen on the gross sales lot on the Helfman Ford dealership on October 28, 2021 in Houston, Texas.

Brandon Bell | Getty Pictures

DETROIT – Ford Motor’s gross sales final yr declined 6.8% in comparison with 2020, however the automaker stated it made strides towards the tip of the yr in overcoming disruptions attributable to an ongoing semiconductor chip scarcity.

The Detroit automaker on Wednesday stated it offered 508,451 autos within the fourth quarter, a 26.8% improve over the third quarter and higher than the general business’s decline of about 3% from the earlier three months.

Ford ended the yr with 247,000 autos in inventory, up 22,000 items from November after the chip scarcity precipitated traditionally low stock ranges earlier within the yr.

Total, the U.S. automotive business offered 15.1 million autos in 2021 regardless of main provide chain disruptions and lingering impacts of the coronavirus pandemic, in line with business knowledge firm Autodata. It was the slowest gross sales yr since 2012.

Ford offered 1.9 million autos in 2021, down 6.8% in contrast with the prior yr. That maintained its third-place U.S. gross sales place behind Common Motors and Toyota Motor, which dethroned GM in U.S. gross sales after a 90-year run because the No. 1 American automaker.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *