Sales of Ford Motor Co. vehicles fell by 25.6% year-over-year in March, capping a 17.1% decrease for the first quarter of 2022 and joining other automakers whose sales were hit by low inventory from a global semiconductor shortage.
But the Dearborn automaker on Monday indicated there may be signs of some relief with improvement in deliveries to dealers. Meanwhile, it says demand for its cash-cow pickup trucks is strong even as inflation, high gas prices and increasing interest rates raise questions around new-vehicle affordability.
Ford sold 412,984 vehicles in the first three months of the year, including 159,328 in March. General Motors Co. reported 512,846 vehicles in the first quarter this year, down 20% from last year and coming behind Toyota Motor Corp. Jeep and Ram maker Stellantis NV sold 405,221 vehicles in the first three months of the year, a 14% decrease.
