Connect with us

Hi, what are you looking for?

Business

Ford’s US car sales rise despite semiconductor crunch

Ford's quarterly sales included its first deliveries of the F-150 Lightning electric pickup trucks
Ford's quarterly sales included its first deliveries of the F-150 Lightning electric pickup trucks - Copyright TT News Agency/AFP/File Johan NILSSON
Ford's quarterly sales included its first deliveries of the F-150 Lightning electric pickup trucks - Copyright TT News Agency/AFP/File Johan NILSSON

Ford reported higher US auto sales Tuesday, bucking an industry-wide trend of declines in the latest quarter amid crimped supply of semiconductor and other key parts.

The Michigan giant delivered 483,688 vehicles, up two percent from the year-ago level.

While citing a continuation of supply constraints that have dogged the industry over the last year, Ford described vehicle demand as “strong.” 

Ford’s sales were dominated by larger vehicles, including pickup trucks and sport utility vehicles. The burden of limited inventories has been cushioned by strong pricing.

“Amid industry-wide supply constraints, Ford outperformed the industry driven by strong F-Series, Explorer and new Expedition and Navigator SUV sales,” said Andrew Frick, a vice president in sales and distribution at Ford Blue’s, the company’s division focused on internal combustion vehicles.

The results included the first deliveries of the new F-150 Lightning electric pickup truck, which added 2,296 units to the total.

Ford’s sales figures came as rivals General Motors, Toyota and FCA (Stellantis) all reported quarterly sales drops of at least 15 percent amid supply chain problems.

AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

You may also like:

Business

Tokyo stocks closed lower Monday with investors disheartened by global selloffs linked to growing fears over an economic slowdown.

Tech & Science

Scientists and engineers behind NASA's DART mission will be watching Monday evening - hoping to witness a spacecraft crash into an asteroid.

Business

Construction crews are back at Dearborn, remaking Ford's century-old industrial complex once again.

Tech & Science

Organizations should adopt security automation to assist with the detection and response of cyber-threats.