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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Ford, LGES Abandon Plans for Massive Battery Plant Citing ‘Current Pace of EV Adoption’

Turkey’s Koc Holding has withdrawn from a non-binding agreement with Ford (NYSE: F) and LG...

Tuesday, November 14, 2023, 04:26:00 PM

Ford Investing $1 Billion In Europe To Go Fully Electric By 2030

Ford has become the latest major automaker to make a significant transition towards EV production,...

Thursday, February 18, 2021, 11:07:00 AM

Ford Beats Earnings Expectations, Forecasts Higher Profits Despite Challenges

US automaker Ford (NYSE: F) has surpassed earnings expectations for the fourth quarter of 2023...

Wednesday, February 7, 2024, 07:43:31 AM

Ford Bumps Up F-150 Lightning Price Once More, Base Now Up By $16,000

The price of electric vehicles seems to be heading in the wrong direction. The price...

Friday, December 16, 2022, 02:20:00 PM

Is Ford Splitting Up EV and ICE?

Ford Motor Co. (NYSE: F) is set to announce that its electric vehicle (EV) and...

Wednesday, March 2, 2022, 06:32:17 AM