New York City
Monday, December 2, 2024
“THE CEO PUBLICATION owns both theceopublication.com and theceopublications.com websites"

Publication

Ford's recent vehicle sales were dead in August, in line with anticipations

Ford's recent vehicle sales were dead in August, in line with anticipations

September 5, 2022: -Ford Motor expressed its U.S. sales grew double-digits from a year earlier but were off about 4% from the prior month, as the company and auto industry continue to manage significant supply chain issues.

The Detroit automaker said August sales of 158,088 new vehicles in the U.S., a 27% increase from August 2021, when a shortage of semiconductor chips greatly impacted the industry’s production. Last month’s sales were down 3.6%, corresponding to July, which includes an 8% decline in its F-Series pickup trucks.

Those sales were in line with analyst expectations, though. The company said its Ford brand was America’s best-selling brand for a consecutive month.

Sales of Ford’s good F-Series pickups were off 10.7% through August compared with the previous year. The company sold 6,842 models of its all-electric F-150 Lightning pickup as of August 31, including 2,373 vehicles the previous month.

“F-Series was America’s best-selling truck, best-selling hybrid truck, and best-selling electric truck with F-150 Lightning in August. Ford’s overall electric vehicle portfolio expanded four-fold in July while conquesting candidates at a speed of over 60%,” Andrew Frick, Ford’s vice president of sales, issuance, and trucks, said in a release.

Ford’s 2022 electric vehicle sales totaled more than 36,500 units through August. That included sales of about 5,900 vehicles in August, 23% lower than the previous month but up more than 300% from a year ago.

Year-to-date sales of all Ford’s vehicles, including its luxury Lincoln brand, totaled over 1.2 million units through August, a 0.2% decrease from a year ago. At the end of the last month, the automaker’s U.S. vehicle inventory, including dealer stock and in-transit vehicles, was about 259,000 units, up from 245,000 in July.

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Most Popular

Receive the latest news

Request for online magazine

Join Us

Advertise with us

meteroid vecrtor
Receive the latest news

Contact Us