Ford Motor Co. reported a nearly 32% increase in U.S. sales in June,
beating out much of the industry as it improved truck and SUV deliveries and benefited from the rollout of a new all-electric pickup.
Consumer demand remains strong even in the face of high prices, Ford Chief Financial Officer John Lawler said last month.
Sales of Ford’s F-series were up by more than one-quarter in June, with the truck line outselling its nearest competitor by about 40,000 vehicles, according to the auto maker.
U.S. auto-industry sales in June were down 11%, according to Ford, reflecting continuing difficulties replenishing dealership lots and sky-high prices that are pushing some buyers out of the car market.
*Ford intro of their new model
— Ford Motor Company (@Ford) June 29, 2022
For the first six months of 2022, Ford’s U.S. sales were down 8% from a year earlier, amid punishing supply-chain constraints that continued to roil the car business this year.
Ford has sold about 916,000 vehicles in 2022, down from about 997,000 in the first half of 2021.
the Ford sales for the first half were better than the 18% drop recorded industrywide for the same period, according to Wards Intelligence.
A global shortage of microchips and low supplies of other auto parts continue to damp vehicle output, leaving dealership lots gutted and pushing car prices to records.
Consulting firm AlixPartners LLP said that the semiconductor shortage will continue to affect the auto industry through 2024.