Are Ford's Chip Supplies Finally Improving?
Ford Motor Company (NYSE: F) said that it sold more vehicles in the U.S. than anyone else in September, despite a nearly 18% decline from a year ago, as the global semiconductor shortage continued to wreak havoc with automakers' production plans around the world.
While Ford's September sales compared well with rivals, the company's third-quarter sales decline was worse than most. Its U.S. sales in the third quarter were down 27.6% from a year ago, and down 31.5% from the third quarter of 2019, before the pandemic.
But with more than 156,000 vehicles sold in September, Ford was able to surpass runner-up Toyota's (NYSE: TM) total of just under 153,000, suggesting that Ford's supply chain difficulties may finally be easing.
Source Fool.com
