{"id":122341,"date":"2021-10-04T17:08:45","date_gmt":"2021-10-04T17:08:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=122341"},"modified":"2021-10-04T17:08:45","modified_gmt":"2021-10-04T17:08:45","slug":"fords-sales-improving-but-still-down-by-27-4-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/fords-sales-improving-but-still-down-by-27-4-in-the-third-quarter\/","title":{"rendered":"Ford&#x27;s sales improving but still down by 27.4% in the third quarter"},"content":{"rendered":"<ul>\n<li>Ford&#x27;s U.S. vehicle sales during the third quarter fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production and cut dealer inventories.<\/li>\n<li>The drastic fall was narrower than auto forecasters expected, but wider than the overall industry that was anticipated to be down between 13% and 14% from the same time last year.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>F<\/span><button class=\"AddToWatchlistButton-watchlistButton\"><span><\/span><\/button><\/li>\n<\/ul>\n<p>DETROIT \u2013 Ford Motor&#x27;s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production.<\/p>\n<p>The drastic decline was narrower than auto forecasters expected, but wider than the overall industry that was estimated to be down between 13% and 14% from the same time last year. Cox Automotive expected Ford&#x27;s sales to be down by 37.3% during the third quarter, while Edmunds forecast a 29.3% decline.<\/p>\n<p>A silver lining is Ford&#x27;s sales improved during the quarter from losses of more than 30% in July and August to 17.7% in September, signaling better supply of semiconductor chips. Its vehicle inventory also improved to 236,000 cars and trucks, up 21,000 units compared with the start of September.<\/p>\n<p>Shares of Ford were up by more than 4% in trading Monday morning.<\/p>\n<p>Ford sold 400,843 vehicles in the third quarter, including more than 156,600 in September. Its sales heading into October were nearly 1.4 million, down by 7% compared with the first three quarters of 2020.<\/p>\n<p>Ford said reservations for its upcoming F-150 Lightning electric pickup have topped more than 150,000. That compares with 100,000 reservations at the end of the second quarter, according to the company.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/10\/04\/fords-sales-improving-but-still-down-by-27point4percent-in-the-third-quarter.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford&#x27;s U.S. vehicle sales during the third quarter fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production and [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":122340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ford&#x27;s sales improving but still down by 27.4% in the third quarter - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/fords-sales-improving-but-still-down-by-27-4-in-the-third-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford&#x27;s sales improving but still down by 27.4% in the third quarter - 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