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Ford’s 2021 sales fall 6.8%, but company ends with strong fourth quarter

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Ford vehicles are seen on the sales lot at the Helfman Ford dealership on October 28, 2021 in Houston, Texas.

Brandon Bell | Getty Images

DETROIT – Ford Motor’s sales last year declined 6.8% compared to 2020, but the automaker said it made strides toward the end of the year in overcoming disruptions caused by an ongoing semiconductor chip shortage.

The Detroit automaker on Wednesday said it sold 508,451 vehicles in the fourth quarter, a 27% increase over the previous quarter — far better than the industry’s decline of about 3% during that period.

Inventory jumped in December to 247,000 vehicles, up 22,000 from November, a turnaround from earlier in the year caused by the chip shortage.



Source cnbc.com

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