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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.

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