Ford S New Vehicle Sales Slowed In August In Line With Expectations

Passage DETROIT – Ford Motor Co. on Friday said its U.S. sales last month rose by double digits from a year earlier but were down about 4 percent from the previous month as the company and the automaker continue to manage significant supply chain issues. The Detroit automaker reported August U.S. sales of 158,088 new vehicles, up 27 percent from August 2021, when the company’s production and sales were hit hard by a shortage of semiconductor chips. Last month’s sales were down 3.6% compared to July, including an 8% drop in F-Series trucks. However, these sales were in line with analysts’ expectations. The company said its Ford brand was the best-selling brand in America for the second straight month. Sales of Ford’s profitable F-Series pickups rose 1.7 percent in the month through August 2021, but fell 10.7 percent for the first eight months of the year compared to the same period last year. The company has sold 6,842 models of the all-electric F-150 Lightning pickup as of Aug. 31, including 2,373 vehicles last month. “The F-Series was America’s best-selling truck, hybrid and electric truck with the F-150 Lightning in August. Ford’s overall electric vehicle portfolio grew fourfold in July while capturing competitors at a rate of more than 60 percent,” Andrew Frick, Ford’s vice president of sales, distribution and trucks, said in a release. Ford’s 2022 electric vehicle sales totaled more than 36,500 units by August. That included sales of about 5,900 vehicles in August, which were 23 percent lower than the previous month but up more than 300 percent from a year ago. Year-to-date sales of all Ford vehicles, including the luxury Lincoln brand, totaled more than 1.2 million units through August, down 0.2 percent from a year ago. At the end of last month, the automaker’s inventory of vehicles in the U.S., including dealer inventory and transportation vehicles, was about 259,000 units, up from 245,000 in July. JD Power and LMC Automotive estimate total new vehicle sales in the U.S. last month topped 980,000 units, which would have been 2.6% lower than in August 2021 – the first month the automaker’s vehicle inventories were affected significantly from the ongoing shortage of semiconductor chips. RBC Capital Markets said the seasonally adjusted annual rate, or SAAR, for new vehicles was 13.4 million, slightly higher than its forecast of 13.2 million and in line with July’s 13.5 million. SAAR is a metric closely watched by analysts and investors.

title: “Ford S New Vehicle Sales Slowed In August In Line With Expectations Klmat” ShowToc: true date: “2022-12-06” author: “Larry Gaither”

Passage DETROIT – Ford Motor Co. on Friday said its U.S. sales last month rose by double digits from a year earlier but were down about 4 percent from the previous month as the company and the automaker continue to manage significant supply chain issues. The Detroit automaker reported August U.S. sales of 158,088 new vehicles, up 27 percent from August 2021, when the company’s production and sales were hit hard by a shortage of semiconductor chips. Last month’s sales were down 3.6% compared to July, including an 8% drop in F-Series trucks. However, these sales were in line with analysts’ expectations. The company said its Ford brand was the best-selling brand in America for the second straight month. Sales of Ford’s profitable F-Series pickups rose 1.7 percent in the month through August 2021, but fell 10.7 percent for the first eight months of the year compared to the same period last year. The company has sold 6,842 models of the all-electric F-150 Lightning pickup as of Aug. 31, including 2,373 vehicles last month. “The F-Series was America’s best-selling truck, hybrid and electric truck with the F-150 Lightning in August. Ford’s overall electric vehicle portfolio grew fourfold in July while capturing competitors at a rate of more than 60 percent,” Andrew Frick, Ford’s vice president of sales, distribution and trucks, said in a release. Ford’s 2022 electric vehicle sales totaled more than 36,500 units by August. That included sales of about 5,900 vehicles in August, which were 23 percent lower than the previous month but up more than 300 percent from a year ago. Year-to-date sales of all Ford vehicles, including the luxury Lincoln brand, totaled more than 1.2 million units through August, down 0.2 percent from a year ago. At the end of last month, the automaker’s inventory of vehicles in the U.S., including dealer inventory and transportation vehicles, was about 259,000 units, up from 245,000 in July. JD Power and LMC Automotive estimate total new vehicle sales in the U.S. last month topped 980,000 units, which would have been 2.6% lower than in August 2021 – the first month the automaker’s vehicle inventories were affected significantly from the ongoing shortage of semiconductor chips. RBC Capital Markets said the seasonally adjusted annual rate, or SAAR, for new vehicles was 13.4 million, slightly higher than its forecast of 13.2 million and in line with July’s 13.5 million. SAAR is a metric closely watched by analysts and investors.

title: “Ford S New Vehicle Sales Slowed In August In Line With Expectations Klmat” ShowToc: true date: “2022-12-14” author: “Marc Ackerman”

Passage DETROIT – Ford Motor Co. on Friday said its U.S. sales last month rose by double digits from a year earlier but were down about 4 percent from the previous month as the company and the automaker continue to manage significant supply chain issues. The Detroit automaker reported August U.S. sales of 158,088 new vehicles, up 27 percent from August 2021, when the company’s production and sales were hit hard by a shortage of semiconductor chips. Last month’s sales were down 3.6% compared to July, including an 8% drop in F-Series trucks. However, these sales were in line with analysts’ expectations. The company said its Ford brand was the best-selling brand in America for the second straight month. Sales of Ford’s profitable F-Series pickups rose 1.7 percent in the month through August 2021, but fell 10.7 percent for the first eight months of the year compared to the same period last year. The company has sold 6,842 models of the all-electric F-150 Lightning pickup as of Aug. 31, including 2,373 vehicles last month. “The F-Series was America’s best-selling truck, hybrid and electric truck with the F-150 Lightning in August. Ford’s overall electric vehicle portfolio grew fourfold in July while capturing competitors at a rate of more than 60 percent,” Andrew Frick, Ford’s vice president of sales, distribution and trucks, said in a release. Ford’s 2022 electric vehicle sales totaled more than 36,500 units by August. That included sales of about 5,900 vehicles in August, which were 23 percent lower than the previous month but up more than 300 percent from a year ago. Year-to-date sales of all Ford vehicles, including the luxury Lincoln brand, totaled more than 1.2 million units through August, down 0.2 percent from a year ago. At the end of last month, the automaker’s inventory of vehicles in the U.S., including dealer inventory and transportation vehicles, was about 259,000 units, up from 245,000 in July. JD Power and LMC Automotive estimate total new vehicle sales in the U.S. last month topped 980,000 units, which would have been 2.6% lower than in August 2021 – the first month the automaker’s vehicle inventories were affected significantly from the ongoing shortage of semiconductor chips. RBC Capital Markets said the seasonally adjusted annual rate, or SAAR, for new vehicles was 13.4 million, slightly higher than its forecast of 13.2 million and in line with July’s 13.5 million. SAAR is a metric closely watched by analysts and investors.

title: “Ford S New Vehicle Sales Slowed In August In Line With Expectations Klmat” ShowToc: true date: “2022-10-31” author: “Jennifer Hale”

Passage DETROIT – Ford Motor Co. on Friday said its U.S. sales last month rose by double digits from a year earlier but were down about 4 percent from the previous month as the company and the automaker continue to manage significant supply chain issues. The Detroit automaker reported August U.S. sales of 158,088 new vehicles, up 27 percent from August 2021, when the company’s production and sales were hit hard by a shortage of semiconductor chips. Last month’s sales were down 3.6% compared to July, including an 8% drop in F-Series trucks. However, these sales were in line with analysts’ expectations. The company said its Ford brand was the best-selling brand in America for the second straight month. Sales of Ford’s profitable F-Series pickups rose 1.7 percent in the month through August 2021, but fell 10.7 percent for the first eight months of the year compared to the same period last year. The company has sold 6,842 models of the all-electric F-150 Lightning pickup as of Aug. 31, including 2,373 vehicles last month. “The F-Series was America’s best-selling truck, hybrid and electric truck with the F-150 Lightning in August. Ford’s overall electric vehicle portfolio grew fourfold in July while capturing competitors at a rate of more than 60 percent,” Andrew Frick, Ford’s vice president of sales, distribution and trucks, said in a release. Ford’s 2022 electric vehicle sales totaled more than 36,500 units by August. That included sales of about 5,900 vehicles in August, which were 23 percent lower than the previous month but up more than 300 percent from a year ago. Year-to-date sales of all Ford vehicles, including the luxury Lincoln brand, totaled more than 1.2 million units through August, down 0.2 percent from a year ago. At the end of last month, the automaker’s inventory of vehicles in the U.S., including dealer inventory and transportation vehicles, was about 259,000 units, up from 245,000 in July. JD Power and LMC Automotive estimate total new vehicle sales in the U.S. last month topped 980,000 units, which would have been 2.6% lower than in August 2021 – the first month the automaker’s vehicle inventories were affected significantly from the ongoing shortage of semiconductor chips. RBC Capital Markets said the seasonally adjusted annual rate, or SAAR, for new vehicles was 13.4 million, slightly higher than its forecast of 13.2 million and in line with July’s 13.5 million. SAAR is a metric closely watched by analysts and investors.