Ford pickup truck sales in December help narrow overall sales decline

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DETROIT — Ford Motor narrowed its U.S. gross sales loss previous year to 2.2%, as the automaker notably greater revenue of its F-Series pickups to end 2022 with a slight maximize in December.

The Detroit automaker on Thursday described sales of extra than 1.9 million cars in 2022, together with an maximize of 3.2% throughout the final month of the yr. Ford’s revenue have been off 2.7% by November, before the December increase.

Ford said it sold a lot more than 75,000 F-Sequence pickups in December, a 20.1% raise when compared with a 12 months before and the best month of the 12 months as parts and provide chain challenges disrupted creation. Income of the vans nevertheless ended the yr down 9.9% but improved than the 13% they have been down by November.

Andrew Frick, Ford vice president of gross sales, distribution & trucks, reported the enterprise is “effectively positioned heading into 2023.” On the other hand, the automaker did not launch a income forecast for the yr.

Ford’s 2022 profits outpaced the industry, which was approximated to be down by approximately 9%. But they ended up not in a position to match crosstown rival General Motors, which managed to eke out a 2.5% gain in product sales compared with 2021.

Ford claimed it was in a position to get .7 percentage factors of market place share in 2022, but that wasn’t sufficient to offset its 1.3 proportion level loss from the prior 12 months.

About all-electrical cars, Ford claimed it was equipped to preserve its status as the country’s second-ideal seller of EVs. Even with far more than doubling its EV revenue, Ford trails sector leader Tesla by a extensive margin.

The Ford brand’s gross sales were being down 2.1% very last 12 months, while the company’s luxurious Lincoln brand name was off by 4%.