Ford Motor (F) Reports Flat January Sales

Ford Motor Company (NYSE: F) today reported its January 2022 U.S. sales results. Click here or visit media.ford.com to view the news release.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220202005586/en/

 Ford hit an all-time record for both new retail vehicle orders and for filling retail orders in January. Ford took in over 90,000 new vehicle orders in January – up 71,000 from a year ago and up 20,000 from December. Vehicles are moving off dealer lots at a record pace, as 37 percent of Ford’s retail sales in January came from previously placed customer orders.

 On the strength of new must-have products, Ford brand sales were up 1.4 percent. The overall industry declined 9.0 percent. Overall, Ford and Lincoln total share in January was 13.9 percent – up 1.3 percentage points from a year ago.

 Electrified vehicle sales had their best start ever, with record January sales. Ford electrified vehicle sales in January grew almost 4 times faster than the overall electrified segment. With a total of 13,169 vehicles sold, Ford electrified vehicles were up 167.2 percent, with share up 5.0 points to 10.9 percent of segment.

 Sparking additional momentum this year, more than 300 small, medium and large business customers place orders for 10,000 allelectric E-Transit vans; Walmart to take delivery of 1,100 E-Transits.

 Ford pickups, including F-Series, Ranger and Maverick, totaled 62,293 sales, outselling GM’s entire pickup truck line in January. FSeries sales in January totaled 50,543. Overall F-Series share increased 0.5 percentage points over last year and begins the year as America’s best-selling pickup.

 Ford brand SUV sales totaled 60,382 in January – giving Ford a record SUV start to the 2022 calendar year. New SUV products, including Bronco, Bronco Sport and Mustang Mach-E, added 16,692 vehicles to the SUV sales portfolio, while Escape sales posted a strong gain of 17.2 percent over a year ago.

 With continued industry segmentation out of cars and Ford’s focus on trucks and SUVs, Ford saw higher market share and transaction pricing up $4,900 over a year ago.  In 2021, Ford saw continued growth in membership of Ford Pass and Lincoln Way apps. U.S. members totaled nearly 8 million.

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