In a 12 months when new automobile gross sales dropped to their lowest degree in a decade, Ford Motor Co. managed to achieve market share as its new fleet of electrical autos gained traction.
Ford gross sales slipped by 2.2% in 2022 because it completed in third place behind General Motors and Toyota for gross sales. Although the corporate’s gross sales slid a bit, it gained just below a degree of market share. In December, Ford gross sales elevated by 3.2 %.
The firm’s EVs continued to achieve momentum and Lincoln gross sales surged 17%, in response to Ford’s year-end gross sales report. Year over 12 months, new automobile gross sales general dropped by 8%, in response to Cox Automotive.
“Much was accomplished in 2022, with Ford increasing its share of the industry by 0.7 percentage points,” mentioned Andrew Frick, vp, Sales Ford Blue. “Delivering on our technique, share enlargement got here from broad- based mostly progress from our SUV lineup and our all-new EVs rising at twice the speed of the general EV section.
“F-Series was America’s best-selling truck for the 46th consecutive year, outselling our second-place competitor by over 140,000 trucks, and the Bronco family of vehicles increased 51.3 percent. With a strong retail order bank, Ford is well positioned heading into 2023.”
Ford EV gross sales proceed to develop
Ford’s full 12 months gross sales of electrical autos hit a brand new file at 61,575 autos, making Ford the second largest vendor of electrical autos in America behind Tesla — means behind. Tesla offered 1.31 million autos in 2022. Meanwhile Ford gross sales of EVs had been up 126% for the 12 months and up 223% for December.
The F-150 Lightning was the No. 1 electrical truck in America in December and the best-selling electrical truck within the U.S. since its launch in May with 15,617 electrical vehicles offered.
For the 12 months, Ford offered 6,500 E-Transit vans, making it America’s best-selling electrical van with 73% of the section. December gross sales of E-Transit totaled 689 models. Mustang Mach-E gross sales climbed 103% in December on gross sales of 4,775 SUVs. For the 12 months, Mustang Mach-E is up 45.4% on gross sales of 39,458 SUVs.
Stellantis, nevertheless, misplaced floor throughout 2022 as FCA U.S. LLC reported gross sales of 347,669 autos within the fourth quarter and 1,547,076 autos for 2022. Overall, whole U.S. gross sales for the fourth quarter declined 16% whereas full-year outcomes decreased 13 %.
The decline included a 12% drop in gross sales of Jeep model autos regardless of the introduction of latest fashions reminiscent of new Grand Cherokee and Wagoneer.
Plug-in hybrids vibrant spot for Stellantis
One vibrant spot for Stellantis was a rise within the gross sales of plug-in hybrids, which grew 26% 12 months over 12 months and 21% within the fourth quarter versus final 12 months.
“We saw strong demand for our PHEV offerings in the face of industry market conditions that carried across 2021 into 2022, including production constraints and a disruption of parts and materials in general, which adversely affected our overall sales,” mentioned U.S. Head of Sales Jeff Kommor.
“Sales of the Jeep Wrangler 4xe increased 46% over last year, and the all-new Jeep Grand Cherokee 4xe, introduced to the market late last year, accounted for 11% of the nameplate’s performance. As we look to 2023 and navigate the industry transformations that are occurring, we will continue to work closely with our customers to meet their demands and the needs of our dealer network,” he added.
The Jeep Wrangler 4xe, the first-ever electrified Jeep Wrangler, stays America’s best-selling plug-in hybrid automobile, with 43,176 (24%) of whole Jeep Wrangler gross sales in 2022. Sales of the Wrangler 4xe elevated 46% 12 months over 12 months, and 22% through the fourth quarter versus the identical interval final 12 months.
Mazda North American Operations reported whole December gross sales of 27,292 autos, a rise of 40.5% in comparison with December 2021. Full-year gross sales totaled 294,908 autos; a lower of 11.4% in comparison with 2021, the corporate mentioned.
Mitsubishi’s U.S. gross sales dropped by 16% for the fourth quarter and the full-year resulting from provide chain points.
Nissan noticed an uptick in gross sales within the fourth quarter as Nissan model gross sales dropped 3.6% and Infiniti Sales elevated by 24%. For the 12 months, nevertheless, Nissan gross sales dropped 25.6% and Infiniti gross sales declined 20.4% for the total 12 months.
“This December, there were fewer giant red bows than dealers would have liked,” mentioned Charles Chesbrough, senior economist at Cox Automotive. “Given the large improvement in supply levels, it seems likely that rising interest rates are now constraining demand in the retail auto market. With record-high prices and elevated loan rates, the pool of potential new-vehicle buyers is shrinking.”
Source: www.thedetroitbureau.com