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Ford experiences massive bounce in July gross sales, together with for vans and EVs

Ford F-150 Lightning on the 2022 New York Auto Present.

Scott Mlyn | CNBC

DETROIT – Ford Motor’s U.S. automobile gross sales final month confirmed notable enhancements in volumes and truck availability, because the automotive business continues to battle by means of a world scarcity of semiconductor chips and different provide chain issues.

The Detroit automaker on Wednesday stated its new automobile gross sales rose 36.6% in July from a 12 months in the past, in comparison with business gross sales that had been estimated to have declined by 10.5%. Ford’s automobile manufacturing and gross sales had been down a year ago more than others because of a fireplace at considered one of its chip suppliers in Japan that pressured manufacturing cuts throughout the first half of 2021.

Gross sales of Ford’s worthwhile F-Collection pickups hit 63,341 in July – marking the first-time models have topped 60,000 this 12 months. The gross sales had been up 21.1% in comparison with a 12 months in the past and up roughly 10% from the earlier month.

Ford additionally stated its share of electrical automobile gross sales final month hit a document 10.9%, as the corporate will increase manufacturing and availability of the F-150 Lightning pickup, Mustang Mach-E crossover and E-Transit van.

It is a creating story. Please proceed to examine again for updates.

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