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Andrew Willis: Lest Ford’s ( F ) recent stellar sales numbers be discounted, it’s worth remembering that those numbers compare to a lackluster 2021, when the company was hit harder than most by the microchip shortage. persists today.
We expect a full recovery from the chip shortage already next year, but the supply will improve in the coming months. Sector strategist David Whiston sees some headwinds with restructuring and higher commodity prices also potentially keeping investors away.
Ford’s transition to EVs will indeed take years to bear fruit, but by 2026 it could look like 2 million EVs per year. We also like the focus on best-selling light truck models. Finally, for those concerned, 75% of Ford Lightning bookings in June came from rival brand owners.
For Morningstar, I’m Andrew Willis.
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