Ford March US Sales Decline 25%

• Ford Motor Co (NYSE:F) reported a 25.6% slump in sales in the U.S. for the month of March.
• The company sold 159,328 units in March versus 214,236 units last year.
• Retail sales declined 30.1% year-over-year.
• The F-series retail orders jumped to 50,000 in March versus 12,000 last year.
• Electric vehicles sales grew 16.9% Y/Y to 13,772 units.
• "While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74 percent over February," said Andrew Frick, VP, Sales, Distribution & Trucks.
• Price Action: F shares are trading lower by 0.41% at $16.59 on the last check Monday.