Ford EV That Took Piece of the pie From Tesla Hits Deals Droop In the midst of Chip Misfortunes

 Ford Engine (F) EV deals in April took off contrasted with a year ago on new item 

contributions, yet deals of its Colt Mach-E kept declining month to month. Passage stock fell. 

Complete EV deals bounced 262% year-over-year to 11,172. Nonetheless, Bronco Mach-E deals added up to 1,951, down from 2,637 in Spring and 3,739 in the primary entire month of deals in February.

The slowdown comes after the Mustang EV's strong launch appeared to take market share from Tesla (TSLA).

A global chip shortage has hobbled the entire auto industry, forcing the temporary shutdown of plants. Ford said when it reported earnings last month it was cutting its production outlook in half due to the shortage.

Ford's April totals were boosted by the sale of 3,365 F-150 PowerBoost Hybrid pick up trucks and 3,695 electrified Ford Escape SUVs.

Strong customer reaction to our newest products, despite tight inventory, confirms our strategy of investing in electrified vehicles, along with trucks and SUVs," Andrew Frick, Ford's vice president of sales for the U.S. and Canada, said in a statement. "In April, we not only beat pre-coronavirus sales numbers from April 2019, but we saw record electrified vehicle sales for the month."

The company added that the Mustang Mach-E is turning in just four days on dealer lots and transacting at $45,800.

Overall, Ford's April retail sales were up 57% vs. 2020 results and up 24% relative to April 2019 results. Together, retail truck and SUV sales grew 70%, providing Ford truck and SUV sales with their best April retail sales performance since 2006, the company said.


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