Ford says F-Series pickup continued its decadeslong dominance in 2022

DETROIT – The Ford F-Series is set to continue its decades-long US sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday.

ford motor Reported sales of its F-Series, which includes the F-150 pickup and its bigger siblings, surpassed 640,000 trucks last year—making it America’s best-selling truck for 46 consecutive years and 41 years behind the wheel. Best selling vehicle for.

Related Investment News

Ford said 2022 sales averaged at least one F-Series truck every 49 seconds last year.

Despite topping the sales charts, sales of the F-Series are expected to be lower than in recent years. Truck sales were down about 13% in November compared with a year ago, although Ford said last month’s sales are projected to be the best in 2022 for the F-Series.

Ford sold 726,004 F-Series trucks in 2021, a 7.8% decline from more than 787,400 vehicles in 2020. coronavirus pandemicThe company was selling about 900,000 trucks annually.

Ford has attempted to prioritize production of the F-Series, including its new electric F-150 Lightning, during rolling shutdowns of plants in recent years due to parts shortages. The company is also partially building vehicles in order to complete them at a later date to continue production.

There are fears on Wall Street that the most profitable days for automakers like Ford may be behind them amid higher interest rates, declining used vehicle prices and a normalization of the sales mix away from fully loaded models.

Wells Fargo analyst Colin Langan highlighted such challenges — and the renewed emphasis on Ford’s monthly sales report — in a note to investors Tuesday, citing negative catalysts for the automaker.

Ford is set to report its total year-end sales on Thursday, a day after other major automakers are expected to release results.

While the F-Series nameplate has led the sales charts for decades, Ford hasn’t been the best-selling automaker of full-size pickup trucks in recent years. got this title General MotorsJoe sells two full-size pickups.

GM sells the higher priced GMC Sierra alongside the Chevy Silverado. Combined sales of both pickups outpaced Ford and other rivals in the third quarter.

GM spokesman Jim Cain downplayed the F-Series ranking, saying the company is well positioned to capture the full-size truck sales leadership for the third year in a row.

“We count trucks the old fashioned way, one at a time, and by that measure we are the clear leader and have been for a while,” he said.