Ford Motor Company's new vehicle sales in the United States saw a modest 0.5% decline in November. This comes as the carmaker was in the process of restarting some of its key plants following a lengthy labor strike that significantly affected vehicle production.
The strike, which lasted more than a month, ended in late October after Ford reached an agreement with the United Auto Workers (UAW) union. However, the company estimates that the strike would cost about $1.7 billion.
Despite the overall decline in sales, Ford's electric vehicle sales saw a significant increase, rising 43.2% year-on-year to 8,958 units. This increase in electric vehicle sales highlights the growing demand for electric vehicles and Ford's commitment to expanding its electric vehicle lineup.
On the other hand, truck sales experienced a decline of 2.8%, with 78,971 units sold during the same period. Ford's total sales in November reached 145,559 vehicles, compared to 146,364 units sold a year earlier.
By October, Ford's sales had already fallen 5.3%, but analysts attributed that drop to the Detroit Three automakers building inventory in anticipation of the strike.
The company's chief financial officer, John Lawler, had previously said restarting the plants after the strike would be a complex process. However, Ford announced in November that all of its affected plants had resumed operations.
The UAW strike and subsequent challenges to restart production have certainly affected Ford's sales performance in recent months. However, the automaker's strong focus on electric vehicles and its commitment to overcoming production hurdles offer hope for a possible recovery in the coming months.
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