The Mustang Mach-E is Ford’s first new all-electric automobile as a part of its $11 billion funding plan in electrified automobiles by 2022.
Michael Welland / CNBC
Ford Motor mentioned Thursday that its US gross sales fell simply 4.5% in Could from a yr earlier, a slim decline in comparison with latest months, because it white-washed its newest automobiles amid tight provides of latest vehicles, vehicles and SUVs. Continued to see scorching demand. ,
Ford and different automakers are grappling with supply-chain points, together with a worldwide scarcity of semiconductor chips, which have hampered new automobile manufacturing world wide for greater than a yr. Ford’s month-to-month US gross sales dropped greater than 10% in April and greater than 20% in February and March.
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A Ford spokesman mentioned the corporate estimates that general U.S. new automobile gross sales fell about 30% in Could in comparison with a yr in the past, which suggests Ford is more likely to lose market share.
Ford’s ongoing manufacturing disruptions have left its sellers wanting inventory. In response, Ford has provided incentives to clients who’re keen to put orders for his or her automobiles and look forward to them to be manufactured and delivered. About half of Ford’s retail gross sales in Could got here from buyer orders positioned at first of the yr, the corporate mentioned in a press release.
With chip provides nonetheless restricted, Ford Electrical is prioritizing manufacturing of its newest fashions, together with the Mustang Mach-E crossover, Bronco SUV, and small Maverick pickup, in addition to its extremely worthwhile mainstays, such because the F-Sequence. Pickups and enormous Ford and Lincoln SUVs.
Gross sales of Ford’s F-Sequence pickups, a key driver of the corporate’s income, have been up 6.9% in Could from a yr earlier. Deliveries of the Mustang Mach-E have been greater than double the mannequin’s whole from the yr earlier than.
From January to Could, Ford offered 763,558 automobiles within the US, down 13.3% from the identical interval in 2021.