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Ford’s US sales decline narrows in May amid tight supplies


The Mustang Mach-E is Ford’s first new all-electric automobile below an $11 billion funding plan in electrified automobiles via 2022.

Michael Wayland / CNBC

Ford Motor mentioned Thursday that its U.S. gross sales fell simply 4.5% in Could from a 12 months in the past, a narrower decline than in current months, because it continued to see white-hot demand for its newest automobiles amid tight provides of recent automobiles, vans and SUVs.

Ford and different automakers are persevering with to combat via supply-chain issues, together with a worldwide scarcity of semiconductor chips, that has hampered new automobile manufacturing world wide for over a 12 months. Ford’s month-to-month U.S. gross sales have been down by over 10% in April and by greater than 20% in February and March.

A Ford spokesperson mentioned the corporate estimates that total U.S. new automobile gross sales have been down about 30% from a 12 months in the past in Could, which means that Ford possible gained market share.

Ongoing disruptions to Ford’s manufacturing have led to tight inventories at its sellers. In response, Ford has provided incentives to clients who’re prepared to put orders for his or her automobiles and watch for them to be constructed and delivered. Virtually half of Ford’s retail gross sales in Could got here from buyer orders positioned earlier within the 12 months, the corporate mentioned in an announcement.

With chip provides nonetheless restricted, Ford has been prioritizing manufacturing of its latest fashions, together with the electrical Mustang Mach-E crossover, the Bronco SUV, and the small Maverick pickup, in addition to its extremely worthwhile mainstays, such because the F-Sequence pickups and the massive Ford and Lincoln SUVs.

Gross sales of Ford’s F-Sequence pickups, an essential driver of the corporate’s earnings, have been up 6.9% in Could from a 12 months in the past. Deliveries of the Mustang Mach-E have been greater than double the mannequin’s year-ago complete.

From January via Could, Ford has bought 763,558 automobiles within the U.S., down 13.3% from the identical interval in 2021.