Ford Motor’s Sales Tumbled Through 2021 in Comparison to Previous Year
Jan 5, 2022 By MarketDepth
Ford Motor’s (NYSE: F) sales tumbled 6.8% during 2021, in comparison to 2020 numbers, despite positive end of the year accomplishments. Not only did the automaker make progress in regards to the ongoing semiconductor chip shortage but during the last three months of 2021 it managed to sell more vehicles than Toyota, General Motors and Stellantis.
“We could sell more vehicles if we had them, no question. We sell whatever we can produce.”Erich Merkle, U.S. sales analyst for Ford
According to Ford, it sold 508,451 vehicles within the fourth quarter, a 26.8% increase when compared to the third quarter. Furthermore, those metrics beat the industry odds of an overall 3% decline from the prior 3 months.
Selling Vehicles Quick
The company is selling vehicles as fast as they can have them manufactured amid high demand, specifically their Ford Bronco, all-electric Mustang Mach-E and Maverick pickup.
Electric Cars Flying Off the Shelf
“At this point, electrified vehicles have really broken through the gravitational pull,” Merkle said, speaking about both battery electric and plug-in hybrid electric vehicles.
“We’re growing at a rate faster than the competition. I mean, the Maverick hybrid comes standard. We can’t keep it on the lots,” Merkle said. “The F-150 Hybrid is selling really well. This year will be all about production.”