Ford 2022 U.S. sales drop 2.2 percent-Xinhua

Ford 2022 U.S. sales drop 2.2 percent

Source: Xinhua

Editor: huaxia

2023-01-06 07:40:30

CHICAGO, Jan. 5 (Xinhua) -- Ford Motor Co. announced on Thursday that it sold 1,864,464 vehicles in the United States in 2022, down 2.2 percent from 1,905,955 sold in 2021.

The automaker sold 179,279 vehicles in December, up 3.2 percent year on year.

Ford's market share for 2022 inched up 0.7 percentage points, thanks to growing electric-vehicle (EV) sales. Ford sold 61,575 electric vehicles in the United States in 2022, up 126 percent from the previous year. This makes the U.S. automaker the second largest automaker of EV sales in America, only after Tesla Inc.

Ford aims to boost its annual EV production capacity to 600,000 units globally by the end of 2023.

Ford's F-Series sales in the United States in 2022 totaled 653,957 units, making it America's best-selling truck for 46 straight years and best-selling vehicle for 41 years straight.

For other automakers, Kia Corp., Hyundai Motor Co., Honda Motor Co., Nissan Motor Co. Ltd. and Subaru of America Inc. all reported sales declines in the United States in 2022.

Industrywide, vehicle sales in 2022 were down to the lowest level in a decade amid supply constraints and signs that demand is beginning to soften on rising interest rates, the Detroit News reported Thursday.