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Ford Sales Slump In 2021 But Ends The Year Strong

Ford sales fall 6.8% in 2021 despite strong sales in the fourth quarter

Ford Motor Co.’s sales shrank 6.8% last year compared to 2020, but the automaker says it has come a long way toward the end of the year in overcoming the disruption caused by the semiconductor chip shortage.

The Detroit-based automaker revealed that it sold 508,451 vehicles during the fourth quarter, representing growth of 27% quarter-on-quarter and outpacing the performance of the entire sector, which suffered a 3% decline during the same period, and the company’s inventory jumped in December to 247,000 vehicles, up by about 22,000 vehicles from what it was in November.

Which is considered an important turning point for what the company suffered at the beginning of the year due to the shortage of segments, despite the spread of expectations that the crisis would continue. Read more [Computer Chip Sales May Boom in 2022 As The Crisis Continues].

Ford sold about 1.9 million vehicles, representing a decrease of 6.8% from 2020 levels, thus maintaining its position as the third best-selling car company in the United States after General Motors and Toyota, which toppled General Motors from the throne of American sales after 90 years as the number one car company in the country. Read more [Toyota Exceeds GM as The Best-Selling Car Company In The US].

Ford also surpassed General Motors to become the second-best-selling all-electric vehicle company after Tesla, with 27,140 Mustang Mach-E electric vehicles sold, outpacing total sales of 24,828 Chevrolet Bolt and one EV Hummers from General Motors.

However, the results for both companies are very small compared to Tesla, which does not disclose US sales, but it reported a record number of electric vehicle deliveries last year of 936,172 vehicles. Read More [Tesla Announces 2021 Record Shipments During The 4Q].

General Motors was forced to halt a huge level of production of Bolt electric vehicles due to its withdrawal from the market due to its burning batteries, knowing that the company was planning to pump more money into developing electric vehicles, read more [LG Accepts To Pay General Motors $1.9 billion Fines] and [General Motors boosts spending on electric vehicles by 30%].

On the other hand, Ford has confirmed that it is determined to outperform General Motors in sales of electric vehicles in 2022 as well.

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