(CBS DETROIT) — Ford says sales dropped more than 17% in the first quarter of the year.
Erich Merkle Ford US sales analyst told Detroit Free Press that chip shortages are still creating challenges for the company and the auto industry.
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Despite the drop, the automaker is remaining optimistic and says drivers are still eager to purchase vehicles. The company reports a record 88,000 retail orders in March.
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Meanwhile, Toyota and General Motors also reported sales dropping during the first three months of 2022.
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