12 C
New York

Ford reports smaller sales decline in April while chip shortage weighs on supply

Published:

Ford F-150 Lightning pickup trucks sit on the production line on the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Bill Pugliano | Getty Images

DETROIT – Ford Motor on Wednesday reported a ten.5% decline in April sales in comparison with a 12 months ago, notably narrowing its losses in comparison with recent months.

Ford and the broader auto industry proceed to battle through supply chain problems corresponding to a semiconductor chip shortage that has been affecting production for greater than a 12 months now. Ford’s monthly U.S. sales in February and March were down by greater than 20% because of the issue.

“While industry semiconductor chip shortages persist, improved inventory flow in April delivered a big share gain of 1 percentage point over a 12 months ago with Ford outperforming the industry,” Andrew Frick, Ford vice chairman of sales, distribution and trucks, said in an announcement.

Ford has been attempting to prioritize chip supplies for in-demand products corresponding to the electrical Mustang Mach-E crossover, which nearly doubled in sales in comparison with April 2021. Sales of newer vehicles corresponding to the Maverick small pickup and Bronco SUV also improved in comparison with March.

Sales of Ford’s crucial F-Series full-size pickup trucks, including the F-150, proceed to struggle because of supply problems. Sales were down 22% last month, pushing sales for the 12 months to be down by nearly 30%. F-Series sales did increase by 15% in comparison with March, signaling improved production and supplies.

Ford sold 609,097 vehicles through April, a 15% decline in comparison with a 12 months earlier. Ford’s sales from March to April increased by 11%.

sportinbits@gmail.com
sportinbits@gmail.comhttps://sportinbits.com
Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles

spot_img

Recent articles

spot_img