Ford sales drop 27% in June amid prolonged chip shortage

Amid a prolonged shortage of semiconductor chips that has resulted in widespread production shutdowns and dwindling inventories of new vehicles, Ford Motor Co. the hard-hit fell behind in the competitive truck segment and overall US sales in the second quarter.

Automaker Dearborn on Friday reported that its June new vehicle sales in the US, which totaled 115,789, were down 26.9% from a year ago, as sales just started to return amid the coronavirus pandemic.

For the second quarter, Ford’s sales of 475,327 vehicles were up about 9.5% from a year ago when the pandemic shut down many businesses, including dealers, but down nearly 27% from 2019. Throughout the first half of the year, Blue Oval sales were up 4.9%. .

The automaker said it expected to bear the brunt of the chip shortage in the second quarter, and experts said they expect the crisis to ease throughout the second half of the year.

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