Despite Tight Inventories, Ford's U.S. Sales Surged 65% in April
Ford Motor Company (NYSE: F) said that it sold almost 198,000 vehicles in the U.S. in April, a 64.8% increase from a year ago -- and up 18.5% from its pre-pandemic result in April of 2019.
As with most automakers, Ford's sales were down sharply in April of 2020, as the initial outbreak of COVID-19 led to shutdowns in many parts of the world. But as the comparison with April of 2019 more clearly illustrates, demand for new Fords was very strong in the United States last month.
Andrew Frick, Ford's U.S. and Canada sales chief, said that high demand for the company's latest products -- including the new F-150 pickup, the Bronco Sport SUV, the electric Mustang Mach-E, and new hybrid versions of the F-150 and some SUVs -- allowed the company to deliver good results despite tight inventories.
Source Fool.com
