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HomeAutosFord's new automobile gross sales slowed in August in step with expectations

Ford’s new automobile gross sales slowed in August in step with expectations

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2023 Ford F-150 Raptor R

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detroit – Ford Motor It mentioned on Friday that its U.S. gross sales final month rose by double digits from a yr in the past however have been down about 4% from the earlier month, as the corporate and the auto business proceed to handle vital provide chain points.

The Detroit automaker reported August gross sales of 158,088 new autos within the U.S., up 27% from August 2021, when the corporate produced Was quite impressed Because of lack of semiconductor chips. Final month’s gross sales have been down 3.6% compared to July, That features an 8% decline in its F-series pickup vehicles.

These gross sales have been in step with analyst expectations, nonetheless. The corporate mentioned its Ford model was America’s best-selling model for the second month in a row.

Gross sales of Ford’s worthwhile F-series pickups have been down 10.7% by way of August from a yr earlier. The corporate has bought 6,842 fashions Its all-electric F-150 Lightning Pickups by way of August 31, together with 2,373 autos final month.

“The F-Collection was America’s best-selling truck, the best-selling hybrid truck and the best-selling electrical truck in August with the F-150 Lightning. Ford’s total electrical automobile portfolio grew fourfold in July, whereas beating rivals at a charge of over 60%,” Andrew Frick, Ford’s vp of gross sales, distribution and vehicles, mentioned in a launch.

Ford’s 2022 electrical automobile gross sales totaled greater than 36,500 items as of August. That features gross sales of about 5,900 autos in August, down 23% from the earlier month however up 300% from a yr earlier.

Yr-to-date gross sales of all Ford autos, together with its luxurious Lincoln model, totaled greater than 1.2 million items by way of August, down 0.2% from a yr earlier. On the finish of final month, the automaker’s US automobile stock, together with seller inventory and autos in-transit, was about 259,000 items, up from 245,000 in July.

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