Electric Ford F-150 Lightning
Andrew Evers / CNBC
Detroit – Ford motor On Tuesday, it reported a slight increase in new car sales in the second quarter, which car analysts missed.
According to the company, new car sales in the second quarter increased 1.8% year-on-year to 483,688 units, but in June business performance improved and increased. 31.5% of the month. Analysts predicted that Detroit carmakers’ sales would increase between 3.3% and 5.1%.
Ford’s performance is overall sales 19% and 21% from the same period of the previous year. Automakers are struggling to rebuild inventories at dealers, which have been hit hard by production cuts, amid a global shortage of semiconductor chips and other major auto parts.
Ford shares hit a 52-week low of $ 10.61 on Tuesday. In the afternoon trading, stock prices fell about 3% to about $ 11. The share of automakers decreased by 47% in 2022.
Ford was heavily affected by a chip shortage a year ago, mainly Japanese supplier It was forced to reduce production in the first half of 2021.
“In the industry-wide supply constraints, Ford outperformed the industry by selling the powerful F-Series, Explorer, new Expedition and Navigator SUV,” said Andrew, Ford’s Vice President of Sales, Distribution and Trucking.・ Flick is mentioned in the release.
According to the company, demand remains strong, with 50% of retail sales coming from customer orders in June rather than from dealer inventory. Automakers have urged customers to order cars. This helps companies better measure demand and plan accordingly. According to Ford, retail sales last month increased 30.3% year-on-year.
In particular, sales of Ford F-series pickups improved to 57,673 units in June. This is the highest monthly total for 2022. The sale includes the F-150, including the all-electric version, and a larger version of the pickup.
Company electricity sales F-150 Lightning Continue to ramp up. Ford said it has sold 2,296 trucks, including 1,837 in June, since it was launched in late May.
Ford said June sales of electric vehicles (F-150 Lightning, Mustang Mach-E, E-Transit) increased 76.6% from a year ago to 4,353 units. EV sales in the first half were 22,979 units, an increase of 77% from the same period in 2021.
