Ford's U.S. Sales Rose 4.1% in May Despite Chip-Related Shortages of Key Models
Ford Motor Company (NYSE: F) said today that its U.S. sales rose 4.1% in May from a year ago, despite exceptionally tight inventories caused by a global shortage of crucial computer chips.
The global chip shortage, a result of a surge in demand for computers and consumer electronics during the pandemic, has limited Ford's ability to fill surging orders for key products including its huge-selling F-Series pickups.
But with supplies of new vehicles tight across the industry, Ford has been able to sell its most-profitable products at strong prices, without significant incentives.
Source Fool.com
