Ford’s United States sales decrease narrows in May amidst tight materials

Ford Motor stated Thursday that its U.S. sales fell simply 4.5% in May from a year earlier, a narrower decrease than in current months, as it continued to see white-hot need for its most current automobiles amidst tight materials of brand-new cars and trucks, trucks and SUVs.

Ford and other car manufacturers are continuing to hammer out supply-chain problems, consisting of an international scarcity of semiconductor chips, that has actually hindered brand-new automobile production all over the world for over a year. Ford’s month-to-month U.S. sales were down by over 10% in April and by more than 20% in February and March.

A Ford representative stated the business approximates that total U.S. brand-new automobile sales were down about 30% from a year ago in May, significance that Ford most likely gotten market share.

Ongoing disturbances to Ford’s production have actually caused tight stocks at its dealerships. In reaction, Ford has actually used rewards to clients who want to location orders for their automobiles and wait on them to be constructed and provided. Almost half of Ford’s retail sales in May originated from consumer orders put previously in the year, the business stated in a declaration.

With chip materials still restricted, Ford has actually been focusing on production of its latest designs, consisting of the electrical Mustang Mach- E crossover, the Bronco SUV, and the little Maverick pickup, along with its extremely successful essentials, such as the F-Series pickups and the big Ford and Lincoln SUVs.

Sales of Ford’s F-Series pickups, an essential chauffeur of the business’s revenues, were up 6.9% in May from a year earlier. Deliveries of the Mustang Mach- E were more than double the design’s year-ago overall.

From January through May, Ford has actually offered 763,558 automobiles in the U.S., down 13.3% from the very same duration in 2021.