Ford (F) Puts Up a Solid Q4 Sales Show in the U.S. With Milestones | The Salesmark

Ford (F) Puts Up a Solid Q4 Sales Show in the U.S. With Milestones

Ford (F) Puts Up a Solid Q4 Sales Show in the U.S. With Milestones

Ford F emerged as the best-selling automaker in the fourth quarter of 2021, achieving the half-a-million sales mark. F sold a whopping 508,451 vehicles in the quarter, marking a 26.8% sequential increase.

This sales growth also came against the overall industry decline of roughly 3%. Moreover, Ford grabbed the second spot in electric-vehicle sales for 2021, behind only Tesla TSLA. With several premium products, F looks at a rosy year ahead.

With sales totaling 27,140 in 2021, Ford’s breakthrough Mustang Mach-E spearheaded its position as the country’s second bestselling full-electric SUV right behind Tesla’s Model Y. This most sought-after product promises to be a big hit with customers and dealers alike.

Combined sales from Mustang Mach-E and Mustang totaled 79,554 vehicles in 2021, climbing 30.2% year over year. Ford electrified vehicles segment had its cape flying, with sales achieving new records for December. A total of 12,284 electrified vehicles were sold in December, up 121% yearly.

F began 2022 with 247,000 vehicles in stock, up 22,000 from its November 2021 inventory. December saw Ford raking in 70,000 new vehicle retail orders, up 58,000 vehicles from the year-ago level. As much as 33% of its retail sales were generated from completed customer orders for the month.

Apart from the coveted Mustang Mach-E, Ford has several impressive products up its sleeve that steered its performance at a breakneck speed and are poised to carry the momentum ahead.

Ford’s strategy to focus on SUVs and trucks proved to be beneficial.

Ford SUVs finished the year strong with fourth-quarter shares rising 3 percentage points and sales were up 41.4% from the third-quarter reading.

Combined sales from Ford’s new Bronco and Bronco Sport totaled 15,446 SUVs for December. In-transit inventory of Bronco and Bronco Sport is up 14.4% and 124%, respectively. Lincoln’s new Nautilus expanded its retail sales for the year by 11%. Lincoln’s best-selling SUV, the Corsair, moved higher in December with sales jumping 28.4% from the November tally, while Navigator was up 26.3%.

Maverick sales from the all-new Maverick truck came in at 6,030 in December, up 134% compared to November figures. Combined Ford pickups totaled 75,518 in December, with 225,974 sold in the fourth quarter.

The F- Series is named the best-selling truck for the 45th straight year and the best-selling vehicle in America for the 40th year in a row. For December, F-Series sales totaled 62,496 trucks, up 3.4% monthly.

Ford noted that 2021 was a year for securing its foundation in the electrified vehicle segment and it looks to expand aggressively in 2022 by adding the F-150 Lightning and E-Transit to its electric vehicle lineup. It welcomed the new year with a strong customer delivery lineup, which will further enhance its EV share.

Ford’s shares have soared 161.1% over the past year compared with the industry’s 11.9% rise. F’s estimated earnings growth rate for the current year is pegged at 359%.

Zacks Rank & Key Picks

Currently, Ford carries a Zacks Rank #3 (Hold).

Better-ranked peers in the same space include Goodyear GT, flaunting a Zacks Rank #1 (Strong Buy), and Fox Factory Holdings FOXF, carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Goodyear has an expected earnings growth rate of 197% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised 77% upward over the past 60 days.

Goodyear’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters. GT pulled off a trailing four-quarter earnings surprise of 228.5%, on average. Its shares have also gained 95.5% over a year.

Fox Factory has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has been revised around 2% upward over the past 60 days.

Fox Factory’s bottom line beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF delivered a trailing four-quarter earnings surprise of roughly 16%, on average. The stock has rallied 38.3% over a year.

Zacks Top 10 Stocks for 2022

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From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.

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