BMW Is The Latest Car Manufacturer To Smash Q1 Comps, Sales Rise 33.5%

Ford saw its sales rise 1% for the quarter, but sales were up 5% for trucks and 14% for SUVs. Even more notable, however, is the fact that Ford sold 6,613 Mustang Mach-E electric crossovers, up from just 3 sold in Q4. Ford said that "the fully electric Mustang Mach-E turning on dealer lots in just 7 days."

Both domestically and abroad, shoring up the supply chain has become crucial for all automakers heading into 2021. The auto industry, as a whole is rethinking its cost cutting measures in the midst of both the pandemic and the chip shortage, Reuters reported last week. Companies are stockpiling key commodities at higher inventory levels and using software to track the integrity of the supply chains that they order from. 

Richard Barnett, chief marketing officer of Supplyframe, which provides market intelligence to companies across the global electronics sectors, told Reuters: “The whole issue is exposing the brittleness, the fragility of the automotive supply chain. We’re trying to dual-source whenever possible critical components.”

1 2
View single page >> |

Disclaimer: Copyright ©2009-2021 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.