Ford’s Sales Fell 27% in Third Quarter Because of Chip Shortage

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Ford Motor mentioned Monday that its profits of new autos in the United States fell about 27 % in the three months that finished in September from the exact same time period a calendar year earlier. The fall was in line with the relaxation of the auto field, which has been hampered by a world lack of computer chips.

Ford was pressured to idle lots of of its plants for pieces of August and September for the reason that it did not have enough digital elements that use computer system chips to management elements this kind of as engines, transmissions and displays. The disruptions left sellers with couple automobiles and vehicles to sell.

In the quarter, Ford sold about 400,000 light-weight vans and vehicles, down from about 550,000 a calendar year ago. Typical Motors on Friday documented that its 3rd quarter U.S. gross sales fell 33 %. Honda’s product sales fell 11 p.c and Chrysler’s 19 per cent. Toyota documented its sales rose a little bit all through the quarter, but its whole for September declined 22 per cent.

But Ford claimed the provide of elements was increasing, as was its inventory of new cars and trucks. It described obtaining 235,700 cars at the conclusion of September, up from 162,100 at the stop of June.

Ford’s decreased sales full resulted in a unusual setback. It rated fourth in U.S. revenue in the quarter, trailing Toyota, G.M., and Stellantis, the organization shaped by the merger of Fiat Chrysler and France’s Peugeot SA.