Ford US sales decline slows in May amid high demand
• The automaker is facing challenges due to supply chain constraints and global chip shortage
Ford Motor Co (NYSE: F) said on Thursday its US sales fell only 4.5% in May year-over-year, compared to higher declines in recent months due to supply chain issues.
US sales were down by 10% in April and declined over 20% in February and March, the automaker had said.
Slowdown in May comes amid high demand of its latest vehicles including new cars, trucks and SUVs.
Similar to other automakers, Ford has also been facing hurdles in production due to supply chain constraints and global chip shortage.
With Ford facing production issues, the company is offering incentives to customers who are ready to place their order and wait for their car to get ready and delivered to them.
According to the automaker, half of the US sales in May came from customers who had pre-ordered their cars.
Picture Credits: CNBC
ALSO READ:
