Ford Motor stated on Monday that its new-vehicle gross sales in the US fell 17 p.c within the first three months of the 12 months, according to different automakers which are struggling to maintain their factories working amid a world scarcity of pc chips.
Ford stated it had bought 429,174 automobiles and lightweight vans within the first quarter, in comparison with 517,711 in the identical interval a 12 months in the past. Its gross sales included 6,734 Mustang Mach-E electrical sport utility automobiles, solely 120 greater than a 12 months in the past, a mirrored image of the influence of the chip scarcity.
Stellantis, the maker of Jeeps and Ram pickups, stated its U.S. gross sales fell 14 p.c to 405,221 automobiles and lightweight vans. Jeep model gross sales solely fell 2 p.c, thank to 2 new S.U.V.s, the Wagoneer and Grand Wagoneer. The corporate’s Chrysler and Dodge manufacturers noticed declines of 27 p.c and 36 p.c.
Established automakers have been scuffling with the chip scarcity for months, some for greater than a 12 months. In contrast, Tesla, the largest vendor of electrical automobiles, stated on Saturday that its new automobile gross sales had been up practically 70 p.c within the first quarter.
Ford stated its sellers had 268,000 automobiles in stock on the finish of March, down from 370,000 a 12 months in the past. G.M. had shares of 273,760 automobiles, down from 334,628 a 12 months in the past. Years in the past, the 2 automakers sometimes held inventories of 800,000 automobiles or extra.
Ford, Common Motors and different firms have stated that they anticipated manufacturing and gross sales to return to extra regular ranges within the second half of the 12 months.
Ford is seeing robust demand for its pickup vans and sport-utility automobiles, Andrew Frick, Ford’s vice chairman of gross sales, distribution and vans, stated in an announcement. The automaker took in 50,000 orders from retail clients for F-series vans in March, which Mr. Frick stated was a report.
Toyota Motor, which initially weathered the chip scarcity higher than its American rivals, outsold each Ford and G.M. within the first quarter, promoting 514,592 automobiles, simply forward of G.M’s 512,846. Toyota additionally outsold Ford and G.M. in 2021, turning into the primary producer primarily based exterior the US to attain that feat within the business’s practically 120-year historical past.