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Ford’s first quarter gross sales fall 17% as automaker battles chip scarcity


An worker works at the 40 millionth Ford Motor Co. F-Sequence truck at the meeting line on the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan.

Jeff Kowalsky | AFP | Getty Photographs

DETROIT – Ford Motor’s U.S. gross sales of recent automobiles declined 17% throughout the primary quarter, together with a 26% slide final month, because the automaker continues to fight an international scarcity of semiconductor chips.

The automaker on Monday reported first quarter gross sales of 432,132 automobiles, together with 159,328 devices in March.

Andrew Frick, Ford vice chairman of gross sales, distribution and vans, stated the corporate skilled some certain indicators for gross sales heading into the spring promoting season.

“Whilst the worldwide semiconductor chip scarcity continues to create demanding situations, we noticed growth in March gross sales, as in-transit stock progressed 74% over February. F-Sequence had a file 50,000 new retail orders in March, whilst a file 41% of our general retail gross sales got here from in the past positioned retail orders,” he stated in a observation.

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