Ford’s 2021 Sales Fell 6.8% Despite Robust Fourth Quarter

Ford’s auto sales slumped 6.8% last year, as ongoing global semiconductor shortages continued to weigh down on the auto industry.

Ford reported that it sold a total of 1.9 million cars throughout 2021, which is 6.8% fewer than the previous year’s figures. The automaker finished the year off with 247,000 units in stock, which is up from 22,000 cars noted in November, after the global chip shortage substantially depleted inventory levels last year.

However, despite the annual slump in sales, the automaker said it sold 508,451 units in the fourth quarter of 2021, marking a 26.8% gain from the previous three months. But, sales figures for the month of December were not as strong, as total US sales were down 17.1% year-over-year, with truck sales 15.5% lower and SUV sales down 11.1%. On the other hand, EV sales were sent soaring last month, rising 121.1% year-over-year to 12,284 units.

Information for this briefing was found via Ford. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Ford to Pay $1.7 Billion in Damages For Fatal 2014 Rollover Accident

Ford Motor Co (NYSE: F) will have to pay $1.7 billion in punitive damages after...

Wednesday, August 24, 2022, 01:28:00 PM

U.S. House Democrats Propose Generally Positive Changes to Electric Vehicle Purchase Incentives

On September 10, Democratic members of the U.S. House Ways and Means Committee proposed updated...

Monday, September 13, 2021, 01:30:00 PM

Ford Pulls 2025 Outlook as Auto Tariffs Expected to Slash Profits

Ford Motor Company (NYSE: F) has suspended its full-year financial guidance for 2025, projecting that...

Tuesday, May 6, 2025, 12:57:00 PM

Ford Invests $660 Million In Argentina To Build Its New Vehicle

Making the announcement from Ford (NYSE: F) plant in General Pacheco, Buenos Aires, Argentina’s Minister...

Wednesday, June 14, 2023, 12:10:00 PM

Ford Wants Its Cars to Be Able to Repossess Themselves

Imagine watching your car drive away from you when you miss a payment.  That scenario...

Friday, March 3, 2023, 02:23:00 PM