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Ford vehicles are spotted on the product sales lot at the Helfman Ford dealership on October 28, 2021 in Houston, Texas.

Brandon Bell | Getty Footage

DETROIT – Ford Motor’s product sales final 12 months declined 6.8% compared to 2020, on the other hand the automaker mentioned it made strides in opposition to the end of the 12 months in overcoming disruptions resulted in by the use of an ongoing semiconductor chip shortage.

The Detroit automaker on Wednesday mentioned it purchased 508,451 vehicles throughout the fourth quarter, a 26.8% building up over the 1/3 quarter and better than the entire industry’s decline of about 3% from the previous 3 months.

Ford ended final 12 months with 247,000 vehicles in stock, up 22,000 devices from November after the chip shortage resulted in historically low inventory levels earlier throughout the 12 months.

‘Turbulent and dynamic’ 12 months

EV product sales

GM moreover had to largely stop producing Bolt EVs on account of a recall of the auto’s batteries that may explanation why a fire. Without reference to that, Ford’s Frick mentioned it intends to outsell GM in EVs in 2022.

“This is our aspiration to turn out to be the clear No. 2 electric car maker throughout the next couple years,” he mentioned, bringing up higher production of the Mustang Mach-E and the discharge of electric diversifications of the F-150 pickup and Transit van. “That obviously merely puts us in a much better position.”

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