Ford F-150 Lightning pickup vehicles sit on the manufacturing line on the Ford Rouge Electrical Car Middle on April 26, 2022 in Dearborn, Michigan.
Invoice Pugliano | Getty Photographs
DETROIT – Ford Motor on Wednesday reported a ten.5% decline in April gross sales in comparison with a yr in the past, notably narrowing its losses in comparison with latest months.
Ford and the broader auto business proceed to battle by means of provide chain issues resembling a semiconductor chip scarcity that has been affecting manufacturing for greater than a yr now. Ford’s month-to-month gross sales in February and March have been down by greater than 20% as a result of drawback.
“Whereas business semiconductor chip shortages persist, improved stock movement in April delivered a major share acquire of 1 proportion level over a yr in the past with Ford outperforming the business,” Andrew Frick, Ford vp of gross sales, distribution and vehicles, stated in an announcement.
Ford has been making an attempt to prioritize chip provides for in-demand merchandise resembling the electrical Mustang Mach-E crossover, which practically doubled in gross sales in comparison with April 2021.
Gross sales of Ford’s essential full-size pickup vehicles, together with the F-150, proceed to battle as a result of provide issues. Gross sales have been down 22% final month, pushing gross sales for the yr to be down by practically 30%.
