How Ford Outsold All Rivals in the U.S. Last Month
Ford Motor Company (NYSE: F) said on Nov. 3 that it sold more vehicles in the U.S. than anyone else for the second-straight month in October, as the company continued to rebuild its inventories amid an ongoing global shortage of automotive semiconductors. Although Ford's October U.S. sales were down about 4% from a year ago, its decline was much smaller than most rivals, allowing it to gain share in its most important and most profitable market.
Despite severe chip-related production constraints, Ford has delivered almost 22,000 electric Mustang Mach-Es to U.S. customers this year -- and well over 50,000 globally. Image source: Ford Motor Company.
Not all automakers report U.S. sales monthly -- General Motors and some others only report quarterly results -- but of those that do, Ford was the clear sales leader. Only corporate cousins Hyundai and Kia, which operate through a joint U.S. distribution network, reported a smaller year-over-year sales decline than Ford.
Source Fool.com
