This week Ford CEO Jim Farley cautioned traders they would not be getting any significant new automobile inventory before August as the world finds a solution for the current Global Chip Shortage. FoMoCo’s president of the Americas and International Markets Group, Kumar Galhotra, doesn’t see Ford inventory levels ever returning to their pre-pandemic highs. However, Ford dealers have managed to flip record profit in recent months, regardless of the semiconductor shortage. This is because accredited pre-owned automobile sales are also reaching all-time highs. At the same time, traders have been able to reap these benefits due to Ford’s brand new Blue Advantage program.
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