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U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year

In the first quarter of 2022, supply chain bottlenecks and insufficient new vehicle capacity continued to hinder the recovery of the U.S. automotive industry. The U.S. automotive industry is under pressure not only from semiconductor shortages and the COVID-19 pandemic, but also by the escalation of the situation in Russia and Ukraine, fluctuating fuel prices, and shortages of components and materials such as batteries. Under the superposition of multiple unfavorable factors, the sales of full-size pickup trucks in the United States fell sharply in the first quarter of 2022, and many brands including Ford, Chevrolet, and Ram declined significantly, and only Toyota achieved growth.

U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year
U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year

In Q1 2022, Ford F-Series pickups sold only 140701 new vehicles, down 31% from the same period in 2021. In the past two years, Ford's full-size pickup truck sales have been in a state of decline, in 2021 Ford F series pickup truck sales of 726003, down 7.8% from 2020 year-on-year, Ford F series pickup truck sales decline is largely due to the epidemic, chip shortage and other issues caused by factory shutdowns affecting the overall production capacity. In order to maintain its leading position, Ford not only upgraded its F-150, Raptor, and Ranger products, but also launched a new load-bearing pickup truck Maverick and electric pickup truck F-150 Ligihtning to make up for the loss caused by the decline in sales of full-size pickup trucks.

U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year

The Ram brand was very successful in 2021, being one of the few brands in the U.S. market with year-on-year sales growth, and surpassing Chevrolet Solod to become the second largest sales volume in the U.S. pickup market. But after entering 2022, Ram failed to continue the momentum under the unfavorable external objective environment, the first quarter sales of full-size pickup truck new cars 127116, down 15% year-on-year, but fortunately, Ford F series pickup trucks fell more, so Ram further shortened the gap with Ford, perhaps one day in the future we have the opportunity to witness Ford pickup trucks from the US market to sell the crown.

U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year

General Motors (GM) Group, which owns the two major brands GMC and Chevrolet, also had a hard time, with the combined sales of full-size pickup trucks under the GMC+ Chevrolet brands falling by 6.4%. Chevrolet Solod sold only 118796 new cars in the first quarter of this year, down 4.7% from the same period in 2021, and the pure high-end full-size pickup truck GMC Sierra sold 56,617 units in the first quarter, down 10% year-on-year. If there's anything to be thankful for for GM, it's that the overall sales of GMC+ Chevrolet in the first quarter surpassed the Ford F-Series pickups, and the GMC Hummer EV has begun to be delivered.

U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year
U.S. full-size pickup truck sales plunged in the first quarter, with Ford plunging 30% year-over-year

Toyota Tantu is arguably the most successful model in the U.S. pickup market in the first quarter of 2022, with new car sales reaching 22,643 units, up 18.3% year-on-year. The release of the new Toyota 2022 did reverse the poor sales of Toyota's full-size pickup trucks in the US market, and Toyota finally had the opportunity to achieve the goal of being competitive with both full-size and medium-sized pickups in the US market. While Toyota Tantu sales rose against the trend, another Japanese full-size pickup nissan Titan was still in the mire, selling only 6415 new cars in the first quarter, down 14% year-on-year. Rumor has it that Nissan is preparing to abandon the Titan pickup and there will be no next-generation models.

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