(CBS DETROIT) — Ford says sales dropped more than 17% in the first quarter of the year.
Erich Merkle Ford U.S. sales analyst told Detroit Free Press that chip shortages are still creating challenges for the company and the auto indsutry.READ MORE: Ferndale Schools District Reinstating Face Masks Starting This Week
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.READ MORE: Ford, GM, Stellantis Reinstate Masks At Facilities In Areas With 'High' COVID Risk
Meanwhile, Toyota and General Motors also reported sales dropping during the first three months of 2022.MORE NEWS: Bank Of America Report Shows A Competitive Homebuying Season
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