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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16662932" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3736743-ford-motor-us-retail-sales-fell-396-in-august-ev-sales-gain-673" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3736743-ford-motor-us-retail-sales-fell-396-in-august-ev-sales-gain-673" target="_blank">Ford Motor U.S. retail sales fell 39.6% in August, EV sales gain 67.3%</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Ford Motor (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a> -0.5%) <a href="https://s23.q4cdn.com/799033206/files/doc_news/2021/09/Ford-US-August-2021-Sales-Release.pdf" target="_blank">reports</a> U.S. sales down 33.1% Y/Y to 124,176 vehicles in August.</li> <li data-xf-list-type="ul">Truck sales fell 29.4% Y/Y to 73,610 units, Car sales squeezed 86% Y/Y to 2,369 units, and SUVs -25.3% Y/Y to 48,197 units.</li> <li data-xf-list-type="ul">Total retail sales -39.6%: Truck -35.7%, Cars -84.6% and SUV -30.4%.</li> <li data-xf-list-type="ul">Ford’s production output expanded 79.8% relative to July, while inventory was up 34.4%.</li> <li data-xf-list-type="ul">Ford’s electrified vehicle sales were up 67.3% on sales of 8,756 vehicles.</li> <li data-xf-list-type="ul">F-150 Lightning reservations exceeded 130,000 mark.</li> <li data-xf-list-type="ul">"Retail sales increased 6.5 percent in August relative to July, as production and dealer inventories showed monthly gains. Nearly a third of our retail sales came from presold orders last month, while adding an additional 41,000 new orders for the month. With improved availability, F-Series retail sales expanded 11 percent relative to July giving Ford its best F-Series sales month since the chip shortage began, and F-150 Lightning has now surpassed 130,000 reservations", says Andrew Frick, vice president, Ford Sales U.S. and Canada.</li> <li data-xf-list-type="ul">Last week, the company announced that it would be extending downtime for F-150 pickup, and scaling back production of some of its largest, most-profitable models because of the <a href="https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage" target="_blank">ongoing semiconductor shortage</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16662932, member: 137766"] [URL='https://seekingalpha.com/news/3736743-ford-motor-us-retail-sales-fell-396-in-august-ev-sales-gain-673'] Ford Motor U.S. retail sales fell 39.6% in August, EV sales gain 67.3%[/URL] [LIST] [*]Ford Motor ([URL='https://seekingalpha.com/symbol/F']F[/URL] -0.5%) [URL='https://s23.q4cdn.com/799033206/files/doc_news/2021/09/Ford-US-August-2021-Sales-Release.pdf']reports[/URL] U.S. sales down 33.1% Y/Y to 124,176 vehicles in August. [*]Truck sales fell 29.4% Y/Y to 73,610 units, Car sales squeezed 86% Y/Y to 2,369 units, and SUVs -25.3% Y/Y to 48,197 units. [*]Total retail sales -39.6%: Truck -35.7%, Cars -84.6% and SUV -30.4%. [*]Ford’s production output expanded 79.8% relative to July, while inventory was up 34.4%. [*]Ford’s electrified vehicle sales were up 67.3% on sales of 8,756 vehicles. [*]F-150 Lightning reservations exceeded 130,000 mark. [*]"Retail sales increased 6.5 percent in August relative to July, as production and dealer inventories showed monthly gains. Nearly a third of our retail sales came from presold orders last month, while adding an additional 41,000 new orders for the month. With improved availability, F-Series retail sales expanded 11 percent relative to July giving Ford its best F-Series sales month since the chip shortage began, and F-150 Lightning has now surpassed 130,000 reservations", says Andrew Frick, vice president, Ford Sales U.S. and Canada. [*]Last week, the company announced that it would be extending downtime for F-150 pickup, and scaling back production of some of its largest, most-profitable models because of the [URL='https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage']ongoing semiconductor shortage[/URL]. [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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