Ford reported decrease US automobile gross sales within the fourth quarter, citing a lingering blow from a producing shutdown within the spring brought on by the coronavirus.
Ford reported a drop in US automobile gross sales within the fourth quarter on Wednesday, citing the prolonged results of a COVID-19 manufacturing shutdown that affected the availability of its hottest car within the US market.
F-150 pickup truck inventories have suffered from the “lingering results of the coronavirus manufacturing halt within the second quarter,” Ford mentioned, noting the roughly two-month manufacturing halt on the top of the shutdowns. of spring.
The F-150 maintained its title as America’s best-selling car for the 44th consecutive yr, however car gross sales fell 15.2 p.c within the fourth quarter to 198,388 and 12.2 p.c for the yr to 787,422.
Ford is within the technique of transitioning to the revamped 2021 model of the F-150.
The corporate’s whole auto gross sales in the US fell 9.eight p.c within the fourth quarter to 542,749. Gross sales for all of 2020 had been down 15.6 p.c to 2.zero million.
Ford’s report comes a day after Common Motors, Fiat Chrysler and different main automakers reported full-year gross sales.
U.S. auto gross sales for 2020 are projected to fall 15.three p.c to 14.four million, making it the worst yr since at the least 2012, in accordance with a December forecast from Cox Automotive.
Regardless of decrease gross sales, analysts have been inspired by the restoration in automobile gross sales within the second half of 2020 after the US auto market froze nearly fully throughout the spring closings whereas The nation confronted a spiral of coronavirus disaster.
Whereas the pandemic has led to excessive unemployment and lengthy strains at meals pantries, different shoppers have additional cash for automobiles and different costly objects resulting from much less spending on journey and different discretionary items, and plenty of have benefited from funding from federal stimulus.
Robust 2020 ends on a notice of enchancment for US automakers.
© 2021 AFP
Quotation: Ford Says Fourth Quarter Gross sales Fall Because of Lingering Influence of COVID-19 (2021, Jan 6) Retrieved Jan 7, 2021 from https://techxplore.com/information/2021-01-ford-q4 -sales-fall-lingering.html
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