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Ford studies smaller gross sales decline in April whereas chip scarcity weighs on provide

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Ford F-150 Lightning pickup vehicles sit on the manufacturing line on the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Bill Pugliano | Getty Images

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 trade proceed to battle via provide chain issues corresponding to a semiconductor chip scarcity that has been affecting manufacturing for greater than a yr now. Ford’s month-to-month U.S. gross sales in February and March had been down by greater than 20% because of the downside.

“While industry semiconductor chip shortages persist, improved inventory flow in April delivered a significant share gain of 1 percentage point over a year ago with Ford outperforming the industry,” Andrew Frick, Ford vice chairman of gross sales, distribution and vehicles, mentioned in an announcement.

Ford has been making an attempt to prioritize chip provides for in-demand merchandise corresponding to the electrical Mustang Mach-E crossover, which almost doubled in gross sales in comparison with April 2021. Sales of newer automobiles such because the Maverick small pickup and Bronco SUV additionally improved in comparison with March.

Sales of Ford’s essential F-Series full-size pickup vehicles, together with the F-150, proceed to battle on account of provide issues. Sales had been down 22% final month, pushing gross sales for the yr to be down by almost 30%. F-Series gross sales did enhance by 15% in comparison with March, signaling improved manufacturing and provides.

Ford offered 609,097 automobiles via April, a 15% decline in comparison with a yr earlier. Ford’s gross sales from March to April elevated by 11%.

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