2023 Ford F-150 Raptor R
Ford
DETROIT – Ford Motor on Friday stated its U.S. gross sales final month elevated double-digits from a 12 months earlier however have been off about 4% from the prior month, as the corporate and auto business proceed to handle important provide chain points.
The Detroit automaker reported August gross sales of 158,088 new automobiles within the U.S., a 27% enhance from August 2021, when the corporate’s manufacturing and gross sales have been considerably impacted by a scarcity of semiconductor chips. Last month’s gross sales have been down 3.6% in comparison with July, together with an 8% decline in its F-Series pickup vans.
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Those gross sales have been according to analyst expectations, although. The firm stated its Ford model was America’s best-selling model for a second consecutive month.
Sales of Ford’s worthwhile F-Series pickups have been up 1.7% for the month from August 2021 however off 10.7% for the primary eight months of the 12 months in contrast with the identical interval final 12 months. The firm has bought 6,842 fashions of its all-electric F-150 Lightning pickup as of Aug. 31, together with 2,373 automobiles final 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 from competitors at a rate over 60%,” Andrew Frick, Ford vp of gross sales, distribution and vans, stated in a launch.
Ford’s 2022 electrical car gross sales totaled greater than 36,500 models by means of August. That included gross sales of about 5,900 automobiles in August, which was 23% decrease than the prior month however up greater than 300% from a 12 months in the past.
Year-to-date gross sales of all Ford’s automobiles, together with its luxurious Lincoln model, totaled greater than 1.2 million models by means of August, a 0.2% lower from a 12 months in the past. At the tip of final month, the automaker’s U.S. car stock, together with seller inventory and in-transit car, was about 259,000 models, up from 254,000 in July.
J.D. Power and LMC Automotive estimate complete U.S. new car gross sales final month topped 980,000 models, which might be 2.6% decrease than August 2021 – the primary month the auto business’s car inventories have been considerably impacted by an ongoing scarcity of semiconductor chips.
RBC Capital Markets stated the seasonally adjusted annualized fee, or SAAR, for brand new automobiles was 13.4 million, barely increased than its 13.2 million forecast and according to July’s 13.5 million. The SAAR is a carefully watched metric by analysts and buyers.
Source: www.cnbc.com”