Ford Motors experienced a significant decline in net revenues in 2020 compared to 2019. Its net revenue for 2020 declined to $127.14 billion compared to $155.9 billion in 2019.
Revenue of Ford Motors 2009-2020
Amounts are in millions.
Ford Motors is a leading manufacturer and seller of motor vehicles. Its total revenues grew to $160.34 Billion in 2018 from $156.78 Billion. Ford motors company generates most of its revenue in the automotive segment from the sales of vehicles, parts, and accessories. The United States is the largest market of Ford Motors that accounted for around 60% of its total revenues in 2018. The United Kingdom, Canada, and Germany are also among the leading markets of Ford Motors.
About the Ford Motor Company:
Ford Motor Company is a leading automobile brand based in Dearborn, Michigan, United States. The company was incorporated in 1919 in Delaware. It sells a vast range of Ford trucks, SUVs, and cars globally. Ford also sells Lincoln luxury vehicles. The company has expanded its range of electrified vehicles.
Ford’s net sales and revenue declined in 2020 compared to the previous year due to the pandemic. The company sold 4.5 million vehicle units in 2020 compared to 5.5 million in 2019. The company’s net revenue was $127.14 billion in 2020 compared to $155.9 billion in 2019.
Ford has maintained a strong global presence and is among the leading automobile brands globally.