An staff member deals with the 40 millionth Ford MotorCo F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan.
Jeff Kowalsky|AFP|Getty Images
DETROIT– Ford Motor’s U.S. sales of brand-new lorries decreased 17% throughout the very first quarter, consisting of a 26% slide last month, as the car manufacturer continues to fight an international lack of semiconductor chips.
The car manufacturer on Monday reported very first quarter sales of 432,132 lorries, consisting of 159,328 systems inMarch Those sales were in-line with expert expectations.
Shares of Ford were down less than 2% in earlyMonday The stock opened at $1666 a share.
Andrew Frick, Ford vice president of sales, circulation and trucks, stated the business experienced some favorable indications for sales heading into the spring selling season.
“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74% over February. F-Series had a record 50,000 new retail orders in March, while a record 41% of our overall retail sales came from previously placed retail orders,” he stated in a declaration.
Sales of Ford’s trucks, including its popular F-150 pickup, were off 23% throughout the very first quarter. Car sales were down 49%, while SUV sales were off simply 5.1%. On enhanced stock, Ford stated its SUVs sales increased 39% compared to February.
Automakers such as Ford have actually been handling an international lack of semiconductor chips for more than a year. The parts lack has actually triggered erratic shutdowns of plants and diminished brand-new lorry stocks.
Ford is amongst the last of the significant car manufacturers to report its March and very first quarter sales. U.S. new-vehicle sales total for January through March likely was available in listed below 3.3 million, down 14% from the very first quarter of 2021, market experts state.
