Autos

Ford’s November sales down 21% due to F-150 pickup supply, production

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Tight inventory levels of Ford Motor’s F-150 pickup due to pandemic-related plant shutdowns earlier this year and production starting for a redesigned model led to a 20.9% decrease in the automaker’s sales in November, the company said Wednesday.

The Detroit automaker reported sales of the popular full-size pickup were nearly cut in half – down 45.9% – compared with November 2019. Its truck sales overall last month fell 20.9%. That includes a 27.2% decrease in sales of its F-Series pickups, including the F-150 and other larger variants of the vehicle.

Ford shares fell less than 1% in trading Wednesday. The stock, which has a market value of nearly $36 billion, is down about 1% since…



Source cnbc.com

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