Ford Motor said Monday that its sales of new vehicles in the United States fell about 27 percent in the three months that ended in September from the same period a year earlier. The drop was in line with the rest of the auto industry, which has been hampered by a global shortage of computer chips.
Ford was forced to idle many of its plants for parts of August and September because it did not have enough electronic parts that use computer chips to control components such as engines, transmissions and displays. The disruptions left dealers with few cars and trucks to sell.
In the quarter, Ford sold about 400,000 light trucks and cars, down from about 550,000 a year ago. General Motors on Friday reported that its third quarter U.S. sales fell 33 percent. Honda’s sales fell 11 percent and Chrysler’s 19 percent. Toyota reported its sales rose slightly during the quarter, but its total for September declined 22 percent.
But Ford said the supply of parts was improving, as was its inventory of new cars and trucks. It reported having 235,700 cars at the end of September, up from 162,100 at the end of June.
Ford’s lowered sales total resulted in a rare setback. It ranked fourth in U.S. sales in the quarter, trailing Toyota, G.M., and Stellantis, the company formed by the merger of Fiat Chrysler and France’s Peugeot SA.
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October 05, 2021 at 01:32AM
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Ford’s Sales Fell 27% in Third Quarter Because of Chip Shortage - The New York Times
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