Ford Motor Co.'s sales were down 14.1% year-over-year in February, an already-slow sales month that likely was dragged down further by winter storms, a major parts shortage and the still-raging pandemic.
From the Detroit News: The Blue Oval on Wednesday reported total U.S. sales of 163,520 new vehicles last month, down from 190,225 in February 2020 — the last normal sales month before the novel coronavirus pandemic widely hit the U.S. Ford's retail sales, however, were down only 1.8% year-over-year.
Industry analysts had expected a relatively strong sales month for autos in February, but Cox Automotive reported Wednesday that the estimated monthly sales pace of 15.7 million came in below its forecast, which it attributed largely to the winter weather that hampered sales in many parts of the country. Last February, the seasonally-adjusted annual rate of sales was 16.8 million.
From Dearborn: Maybe recalls and failed launches have an impact on our business and customers who spend $40, $50, $60,000 have moved away from our troubled brand.