October 26, 2021

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Ford’s Gross sales Fell 27% in Third Quarter Due to Chip Scarcity

Ford’s Sales Fell 27% in Third Quarter Because of Chip Shortage

Ford Motor mentioned Monday that its gross sales of recent automobiles in the USA fell about 27 % within the three months that resulted in September from the identical interval a 12 months earlier. The drop was in keeping with the remainder of the auto business, which has been hampered by a world scarcity of laptop chips.

Ford was compelled to idle lots of its vegetation for components of August and September as a result of it didn’t have sufficient digital components that use laptop chips to regulate parts similar to engines, transmissions and shows. The disruptions left sellers with few vehicles and vehicles to promote.

Within the quarter, Ford offered about 400,000 mild vehicles and vehicles, down from about 550,000 a 12 months in the past. General Motors on Friday reported that its third quarter U.S. gross sales fell 33 %. Honda’s gross sales fell 11 % and Chrysler’s 19 %. Toyota reported its gross sales rose barely in the course of the quarter, however its complete for September declined 22 %.

However Ford mentioned the provision of components was bettering, as was its stock of recent vehicles and vehicles. It reported having 235,700 vehicles on the finish of September, up from 162,100 on the finish of June.

Ford’s lowered gross sales complete resulted in a uncommon setback. It ranked fourth in U.S. gross sales within the quarter, trailing Toyota, G.M., and Stellantis, the corporate fashioned by the merger of Fiat Chrysler and France’s Peugeot SA.

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