BroncoBuckaroo

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No chips no chips no chips...i imagine everyone but TOYOTA ....which stockpiled chips just in case such a chip shortage will have crappy numbers this summer
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Aviboy97

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Jeep doesn’t seem to be having a problem making the Wrangler. 69K Wranglers sold in Q2. Amazing.
 

XCR440

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MacDonald_Photo

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If only my parents had loved me. ;) As you can tell, despite Ford's best efforts and despite the fact that my F-150 is about to spew a timing chain, I am having a good day. The timing chain is going to require significant time and frustration to replace in the Texas heat (provided I can limp it 350 miles to San Angelo to do the work), sounds like a box of rocks flailing away under the valve cover with tell-tell squealing from the phasers.

I am worried that it may die enroute, at which point the motor would be junk, but I have no other options. :( Then I'll have to put Ol' Yeller down at 234k miles.
Well damn..Then I apologize for being a smart ass.
I hate that people like you and others are in a tight spot that could have been fixed by simply releasing Broncos from Dirt Mountain.

I do really hope things work out for you 😕
 

Bronco4lyfe85

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Only a 119K to go!!
 

ReimundKrohn

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They will spin it but it was better then GM / Fiat...
You’re right, they will spin it. Not even close to the real competition they tried to benchmark though:


JEEP WRANGLER – US – MONTH


YearJanFebMarAprMayJunJulAugSepOctNovDec
20053,7435,1986,7487,8828,5438,33711,7047,0795,4634,4754,4825,363
20063,8305,6738,1806,1545,7545,6747,9356,0025,0328,6798,7358,623
20078,9549,24013,39710,77612,33210,9528,8299,4648,6059,3548,3339,007
20086,1377,0888,5898,6999,2606,6706,0936,4696,1306,2926,1407,048
20096,3629,08810,0009,3369,2944,8104,5405,6136,0025,3054,8966,798
20104,8885,9678,4108,3279,6348,92310,0437,6667,7657,9086,5528,227
20116,4447,6368,8079,05110,00811,29014,35512,94911,3889,8929,22511,415
20127,89618,63812,55712,18415,45414,46112,21613,29312,09711,31010,33711,545
20138,85410,09112,90113,44516,27216,16514,40415,82511,98411,78011,75312,028
20149,55310,64014,48115,38919,23516,43916,38817,98813,95513,66513,59214,003
201511,68312,91117,52418,84922,32419,15919,32018,16017,58315,75113,84715,591
201610,79713,23417,71019,00319,55120,06018,74115,29014,25514,46912,95715,721
201711,33413,64116,33618,84119,93118,83918,69816,80815,71413,39113,28913,700
201811,73915,93627,82929,77625,10223,11021,30820,16815,98313,31815,96319,800
201913,02415,00121,96322,42224,53020,05519,41921,75017,86617,12617,76017,126
202012,88416,68010,10310,16322,58523,71418,96016,85318,25817,24214,16319,705
202115,88715,88717,87323,30522,40923,305000000
∑ = 154,009 ∑ = 192,549 ∑ = 233,408 ∑ = 243,602 ∑ = 272,218 ∑ = 251,963 ∑ = 222,953 ∑ = 211,377 ∑ = 188,080 ∑ = 179,957 ∑ = 172,024 ∑ = 195,700
 

jbryant

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Overall August Sales Highlights
  • Overall sales down 33.1% (year-over-year from August 2020)
  • EV sales up 67.3%
  • Average transaction pricing hit a new record of approximately $50,800 per vehicle (+$9,700 over last year).
  • Ford retail sales grow 6.5% from last month due to production
    and inventory improvements
  • 41,000 new retail orders, up 4-fold
  • F-Series has best performance since semiconductor chip shortage began, up 11% from July
  • F-150 Lightning tops 130,000 reservations
Bronco Sales & Production Highlights
  • August sales of Bronco and Bronco Sport were up 69.1 percent relative to July with total sales of 9,428.
  • Ford’s overall AWD/4WD mix of SUVs in August was 73.0 percent, representing a new record.
  • With the addition of Bronco and higher-content SUVs, Ford’s SUV transaction pricing in August hit a record of $41,700 per SUV, up $6,200 over last year.
  • Bronco Sales (August): 2,730 vehicles; Bronco Sales (YTD): 6,808 vehicles
  • Bronco Production (August): 8,243 vehicles; Bronco Sales (YTD): 21,623 vehicles
August Sales Summary

Ford August 2021 Sales Summary.jpg


August 2021 Sales

Ford August 2021 Sales.jpg


August 2021 Inventory

Ford August 2021 Gross Stocks.jpg


August 2021 Production

Ford August 2021 Production.jpg
There is no way Ford is going to ever fill the reservations at this pace....
 

mpeugeot

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Well damn..Then I apologize for being a smart ass.
I hate that people like you and others are in a tight spot that could have been fixed by simply releasing Broncos from Dirt Mountain.

I do really hope things work out for you 😕
Thanks, no apology needed, you didn't know that I was in that situation. Worse yet I really couldn't have been predicted or easily prevented it (there was little warning that the timing chain needed replacement until just a few weeks ago).

On the other hand, it's a lesson to be prepared if you are a Bronco owner with the 2.7 EB motor. No one is going to want to touch it... I have gone to multiple shops (including our local Ford dealer) and NO ONE wants to touch it. They want nothing to do with it. In that respect I am lucky in that I have the tools and equipment to do the job (mostly).

I still need to figure out how I will support the cab once I lift it from the frame, but otherwise, I think I can do this job successfully (as much as I hate timing belts and chains). I would rather do just about anything else.
 

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Razorbak86

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Barrons: Ford Sales Were Dreadful in August. Better Days Are Ahead.
By Dow Jones & Company, Inc.
— 10:38 AM ET 09/03/2021
Al Root

U.S. car sales look like the country is in a recession, not a recovery, and the global automotive semiconductor shortage is the reason. Ford Motor is the poster child for the industry's current issues.

Ford's August sales dropped 33% compared with a year earlier. Sales at retail locations -- excluding fleet customers -- dropped almost 40%. Ford actually hailed the results as a triumph in its news release: "Retail sales grew 6.5% from last month due to production and inventory improvements."

The company has a point. Total vehicle sales came in at 124,176 in August, compared with 120,053 cars in July. But Ford sold 185,665 vehicles in August 2020.

Investors don't seem all that worried about the year-over-year numbers. Ford stock has barely budged since August sales numbers for the industry started coming out.

One reason investors are brushing off weak sales is that pricing is sky high. Average industrywide transaction prices climbed about 17% in August from a year ago, according to Deutsche Bank analyst Emmanuel Rosner.

Others on Wall Street see better days ahead. Credit Suisse analyst Dan Levy blamed inventory for the August sales drop, but added in a Thursday report that "significant pent-up demand is building."

The inventory situation at Ford is a little better than it was in July and better than the situation at General Motors.

"A silver lining to August results was Ford's inventory rebuild," added Levy. Ford, and the rest of the industry, like to operate with about 50 days to 60 days of car inventory at dealerships. Industrywide inventory is at about 23 days now. Ford's inventory situation, however, improved in August to about 210,000 units -- or 45 days of supply at current selling rates, Levy writes. That should give the auto maker a little breathing space for September and the third quarter overall.

GM dealer inventories are at about 114,000 units, according to Levy. But rebuilding its vehicle stock will be difficult as the chip shortage lingers. GM is taking additional downtime at plants in the U.S., Mexico, and Canada due to the lack of semiconductors.

That chip situation isn't exclusive to GM. All auto makers haven't been able to produce as many cars as they would like. Estimates for lost global production in 2021 run to about 5 million vehicles, or roughly 5% to 7% of total vehicle demand.

Hopefully, for the industry, that demand isn't lost, and has just shifted into 2022 and beyond.

Write to Al Root at [email protected]

(END) Dow Jones Newswires
09-03-21 1038ET
Copyright (c) 2021 Dow Jones & Company, Inc.
 
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Razorbak86

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Car Buyers Face Bleak Prospects This Labor Day Weekend
By Dow Jones & Company, Inc.
— 5:30 AM ET 09/03/2021

The U.S. auto industry is heading into one of its biggest selling weekends of the year with dealership lots stripped bare of inventory and some buyers having to drive great distances to secure a new ride.

For a second year in a row, car shoppers are facing bleak prospects in trying to buy a car this Labor Day weekend. The period has historically been a time of blowout deals and big sales events for car companies and dealerships trying to clear out old vehicle stock to make way for the new model year.

Some dealers are so short on vehicles that they are cutting their advertising budgets for the month and closing Friday and Saturday.

Around this time last year, the U.S. car business was still trying to recover from the pandemic-related factory shutdowns in the spring, disruptions that at the time led to slim pickings on dealership lots over the holiday weekend.

Since then, the availability of vehicles -- new and used -- has deteriorated, dented by a global computer-chip shortage that slammed the auto industry earlier this year and has hampered U.S. auto production through the spring and summer.

"Customers are walking in and saying, 'Hey, I really want this vehicle.' Well, yeah, so do we," said Scott Smith, president of Smith Automotive Group, which operates dealerships in the Atlanta area. "It's been tough to meet all of the demand."

This week, both General Motors Co. and Ford Motor Co. said they are extending production cuts at several North American factories -- including highly profitable pickup truck plants -- into September because of a lack of semiconductors, used in everything from air bags and engines to media displays.

Earlier in the year, executives were hopeful that the chip-related challenges would abate in the second half, but a surge in Covid-19 infections -- particularly in Southeast Asia where many semiconductors are produced -- is prolonging the manufacturing disruptions.

Vehicle stock levels plunged to a record low in August, after sliding through much of the summer. At the end of the month, there were only roughly one million vehicles on dealer lots or in transit, which translates into less than a month's supply of available inventory, according to research firm Wards Intelligence. That number is down 58% from the prior-year August, when supplies were also depressed.

Meanwhile, car companies are pulling back on discounts, and dealers are increasing prices, resulting in buyers often having to pay top dollar to drive a new ride off the lot. Some shoppers are shelling out several thousands of dollars above the listing sticker price for certain high-demand models.

Throughout the summer, the average transaction price on a new vehicle has continued to hit new highs and jumped nearly $6,000 in August from the prior-year month to reach a record $41,378 per vehicle, according to research firm J.D. Power.

"We don't have to rely on heavy discounts to move aged or bloated inventory," said Mike Koval Jr., head of the Ram pickup-truck brand, a division of global car company Stellantis NV.

The chip shortage has led Ram to reconfigure certain models to be built with fewer chips, a workaround intended to keep assembly lines running, Mr. Koval said. For some models, that means dropping certain features, such as technology that warns drivers if they are drifting out of the lane, dealers say.

The inventory constraints are weighing heavily on U.S. auto sales, which have steadily declined from a blistering pace this spring when buyers, encouraged by low interest rates and a strengthening economy, snatched up vehicles in droves.

In August, the industry's adjusted annualized selling rate -- a measure of the car market's strength that strips out seasonal factors -- hit 13.1 million, according to Wards Intelligence. Besides a few tough months during the pandemic in 2020, August marked the lowest sales pace in a decade, the firm's data shows.

Morgan Stanley auto analyst Adam Jonas described the current selling pace as "more reminiscent of a recession than a bull market."

This Labor Day weekend, dealers say that with few cars to sell, they are treating the three-day holiday much like any other time, forgoing the tent events and clearance deals that are normally a staple in the sales calendar.

"I'm asking myself, 'Why am I spending so much money?'" said Adam Lee, chairman of Lee Auto Malls, a dealership chain in Maine. This September, Mr. Lee said he cut his advertising budget by 25% because attracting customers to his store is the least of his worries right now.

"The demand is there. It's just the supply is not," he added. "There is really no other way to say it, it's really grim."

Kelsey Mays, senior editor of car-shopping website Cars.com, said buyers should be prepared to travel to get exactly what they want. According to a recent survey of the website's shoppers, one out of three are already traveling more than 100 miles to find their preferred make and model.

"If you find the car you want, you should act fast," he added.

Mike Colias contributed to this article.
Write to Nora Naughton at [email protected]

(END) Dow Jones Newswires
09-03-21 0530ET
Copyright (c) 2021 Dow Jones & Company, Inc.
 

Smuck

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Automotive stocks are a short term nightmare IMO... I'd get out now, buy back in a quarter or two. I think long term the rebound is inevitable.
It’s so weird that Ford stock is better then it was pre pandemic with all this Chinese issues. As Covid first hit it went down to the 4’s I watched it but was in a different commodity.
 

Compta38

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Hopefully a lesson is learned about outsourcing everything. I doubt it though!
 

mpeugeot

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It's only a few hundred... not 3000.

There's only a few hundred produced and delivered Broncos with MIC, not 3000, according to premierdrum.

Does that change the computations at all?
Ok, you were right, it wasn't 3,000, it was 4,000.

"Ford recalled more than 4,000 Broncos already delivered to customers to replace the roofs at no charge to customers, according to the Detroit Free Press. "


I hate being wrong.
 
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Razorbak86

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Barrons: Ford Is Managing the Chip Shortage Better. Its Stock Should Gain.

DOW JONES & COMPANY, INC. 9:42 AM ET 9/8/2021

The semiconductor shortage constraining global car production has pestered auto makers -- and auto investors -- all year. Production is stagnant while post-pandemic car demand is soaring. It's fueling volatility in the sector and holding back shares. Things for one auto maker, however, are looking up even as the shortage continues.

Benchmark analyst Mike Ward argues that Ford Motor(F) has turned a corner in its own battle with chip shortages. "While the chip shortage will likely remain an issue into 2022, the worst could be over for Ford," he wrote in a Wednesday research report.

Ford has been hit harder than many other auto makers, missing an estimated 200,000 units of production so far in 2021, according to Ward. That's about 14% of Ford's potential 2021 production. The entire industry has missed out on roughly 7% of planned production because of a lack of microchips.

Ford shares were up fractionally in recent trading, at $12.96.

"Several unfortunate events hit Ford at the same time," Ward tells Barron's. "Covid hit when the company was launching the Mach E / Bronco and about to launch the new F-150." What's more, Ford was overexposed to Renesas Electronics(RNECF) -- the chip supplier that suffered a fire earlier in 2021.

Things look as if they are improving. In August, Ford's dealer inventories rose by 50,000 units, hitting about 191,000 vehicles. That's still below normal. Low dealer inventories have been a problem for auto makers -- because of the chip shortage -- all year. Still, August vehicle production hit about 93% of planned production, reaching its highest monthly production total since July 2020.

Ford's recovery is doubly good for Ford stock in two ways. Higher production helps is great. But Ford will make more trucks, which are its most-profitable product. Ward estimates that trucks account for 85% of Ford's pretax profit in North America. "If the impact from the chip shortage can be contained, [Ford] North American operations should report record financial results," he wrote.

Ward is a Ford bull, rating shares Buy. His price target is $18 a share. Ward projects the company will earn about 58 cents a share in the third and fourth quarters of 2021 and about $1.80 a share in 2022. That's roughly in line with the rest of the Street, but if things keep improving, he sees up to 40 cents a share in additional 2022 earnings.

Since GM reported second-quarter numbers and gave financial guidance on Aug. 4, its shares are down about 16%. Ford stock is off 8% since then, and shares in auto parts giant Magna International(MGA) are down 5%. The S&P 500 is up about 2% over the same span.

The GM disappointment has eaten into year-to-date gains for the sector. GM stock is still up about 17% this year, though Ford stock has done better, gaining about 47% so far in 2021.

Write to Al Root at [email protected]

(END) Dow Jones Newswires
09-08-211042ET
Copyright (c) 2021 Dow Jones & Company, Inc.
 
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