Try our corporate solution for free!

Ford - Statistics & Facts

Much like 2020, 2021 has been a challenging year for the automotive industry. The global automotive semiconductor shortage has impacted automakers’ production and 2022 forecast, with brands halting or cutting their outputs to tackle the shortage. The number of worldwide car sales in 2021 was projected to be about three million more than the 2020 sales volume, an increase that still comes in far below pre-pandemic levels. As one of the global leaders in car manufacturing, Ford reported a financial performance in line with the international market: The Ford Motor Company's revenue came to over 136 billion U.S. dollars in 2021. This was up from 127 billion U.S. dollars in 2020 but still 12 percent under pre-pandemic financial recordings.

The bulk of Ford’s 2021 revenue was generated from the sales of their two main automobile brands, Lincoln and Ford. The manufacturer’s subsidiaries also include Ford Motor Credit Company, which provide financing, leasing, and insurance to and through its dealers. Ford Credit helped facilitate the purchase of new and used vehicles by retail customers, rental companies, and government entities, along with making it possible for dealerships to improve their facilities.

Ford is the automaker's most popular brand and claims the spot as the second most valuable American automotive brand worldwide as of 2021.

A mixed performance in a changing market

Early in 2022, the Ford Motor Company announced it would reduce the vehicle production of a few key products, including the F-150 pickup and Mustang Mach-E electric crossover. The F-Serie vehicles are among the leading cars and light trucks worldwide as of 2020 while the Mustang Mach-E was the third best-selling plug-in electric car in the United States in 2021. The United States is Ford’s main regional market, so the impact of production cuts on the company’s vehicle inventory and annual output is expected to be observable.

Ford sold most of its vehicles at wholesale in the United States in 2021, yet the company’s market share has been slowly dropping since 2017, down to under 13 percent in 2021. This drop in popularity is paired with the rise of its main competitor Toyota—which topped the U.S. sales market in 2021—as well as with the increasing demand for electric vehicles (EVs), where Ford is competing with Volkswagen, General Motors, and the EV giant Tesla.

On October 26, 2021, the Ford Motor Company recorded a market capitalization of just under 64 billion U.S. dollars, ranking below fellow American brands Tesla and General Motors. However, the company’s profitability improved in 2021, swiftly recovering from the net loss sustained from the COVID-19 pandemic.

Tapping into the electric vehicle market

To increase performance, Ford expanded its engineering, research, and development expenditures in 2021 to 7.6 billion U.S. dollars. Most of this was expected to go toward a new fleet of electric vehicles which would promote the company’s goal of having 50 percent of its global vehicle volume be fully electric by 2030.

In June 2020, it was announced that Ford would gain access to Volkswagen's modular electric drive (MEB) architecture to assemble EVs which put a halt to a planned partnership between Ford's Lincoln brand and EV automaker Rivian . In September 2021, the manufacturer further announced plans to open campuses in Tennessee and Kentucky to build the next generation of electric F-series trucks and batteries.

This increasing focus on electric vehicles and new technology could give Ford a boost in its global performance. The manufacturer is yet to rank among the main plug-in electric vehicle producers worldwide, despite the popularity of the Mustang Mach-E in its home market. The global market for electric vehicles is projected to be worth over one trillion U.S. dollars by 2026.

Interesting statistics

In the following 4 chapters, you will quickly find the 28 most important statistics relating to "Ford ".

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Vayola Jocelyn
Vayola Jocelyn
Client Support Specialist– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Associate Director - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)