Ford’s Retail Sales Surge 23% Amid Booming Demand for Trucks and the Mustang Mach-E

1 min read

Ford Motor Company (NYSE: F) said today that its U.S. retail sales jumped 23% in the first quarter from a year ago, as it scrambled to fill surging demand for its trucks, SUVs, and the new electric Mustang Mach-E amid a global shortage of semiconductors. 

With its production still constrained by the chip shortage, Ford has been prioritizing higher-profit retail sales over deliveries to its fleet customers. Overall U.S. sales were up just 1% from a year ago, reflecting the production issues. 

Ford’s electric Mustang Mach-E is selling very quickly as the company continues to ramp up production, it said on Monday. Image source: Ford Motor Company.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Why Shares of Triumph Bancorp Are Rising Today

Next Story

SoFi to Begin Offering Auto-Loan Refinancing

Latest from Blog