The chart above displays the net revenue of Ford Motors from two of its leading business segments including automotives and Ford Credit from 2013 to 2023 in millions of US dollars.
2023: The automotive segment is the largest business segment of Ford Motors from which the company generated $165,901 million in total annual net revenue in 2023. The company has experienced sales growth in 2023 when its vehicle sales increased to 4.4 million units compared to 4.2 million units in the prior years. Its annual net revenue from the automobile segment in 2023 grew to $165.9 billion compared to $149.08 billion in the previous year. The consolidated annual net revenue of the company in 2023 reached $176.2 billion in 2023 compared to $158 billion in the previous year. Ford Motors generated $10.3 billion from the Ford Credit segment in 2023 compared to $9 billion in the prior year.
2022: Ford’s automotive sales are the largest source of the company’s net revenue. In 2022, the company generated total $148,980 million from the sales of automobiles compared to $126,150 million in the prior year. Ford’s net revenue from the Ford Credit segment declined in 2022 compared to the prior year. The company generated total $8,978 million from the Ford Credit segment in 2022 compared to $10,073 million in the prior year.
Revenues of Ford Motors from each business segment 2009-2022
Amounts are in millions.
| Year | Automotives | Ford Credit | Mobility | Total |
|---|---|---|---|---|
| 2023 | $165,901 | $10,290 | $176.191 | |
| 2022 | $149,079 | $8,978 | $158,057 | |
| 2021 | $126,150 | $10,073 | $118 | $136,341 |
| 2020 | $115,885 | $11,203 | $56 | $127,144 |
| 2019 | $143,599 | $12,260 | $41 | $155,900 |
| 2018 | $ 148,294 | $ 12,018 | $ 26 | $ 1,60,338 |
| 2017 | $ 1,45,653 | $ 11,113 | $ 10 | $ 1,56,776 |
| 2016 | $ 1,41,546 | $ 10,253 | $ 1 | $ 1,51,800 |
| 2015 | $ 1,40,566 | $ 8,992 | $ 1,49,558 | |
| 2014 | $1,35,782 | $ 8,295 | $ 1,44,077 | |
| 2013 | $1,39,369 | $ 7,548 | $ 1,46,917 | |
| 2012 | $ 1,26,567 | $ 6,992 | $ 1,33,559 | |
| 2011 | $ 1,28,168 | $ 7,437 | $ 1,35,605 | |
| 2010 | $ 1,19,280 | $ 9,674 | $ 1,28,954 | |
| 2009 | $ 1,03,868 | $ 12,415 | $ 1,16,283 |
2021 Highlights:
In fiscal 2021, the net revenues of the company increased compared to the previous year. Ford experienced growth in net revenues from the automobiles segment mainly while revenues from Ford Credit decreased. The company generated $126,150 million in net revenues from its automotive segment in 2021 compared to $115,885 million in 2020. The net revenues from Ford credit segment declined from $11.2 billion in 2021 to $10.1 billion in 2020. Ford mobility revenue increased to $118 million in 2021 compared to $56 million in 2020.
2020 highlights:
In 2020, Ford Motors’ net revenues declined heavily compared to the previous year. Revenue from the automotive segment declined to $115.9 billion in 2020 from $143.6 billion in 2019. Its revenue from the Ford credit segment declined to $11,203 million in 2020 from $12,260 million in 2019.
2019: In fiscal 2019, Ford’s total sales declined by more than $4 billion. The total net revenue of the company remained $155,900 million in 2019 compared to $160,338 million in 2018. Ford’s net sales of automobiles remained $143,599 million compared to $148,294 million in 2018. The company also generated $12,260 million from Ford credit in 2019 compared to $12,018 million in the previous year.
Revenues of Ford Motors from the automotive segment increased to 148.3 Billion in 2018 from $145.65 Billion in 2017.
Revenues from Ford Credit (financial services) increased to $12 billion in 2018 from $11.1 Billion in 2017.
Total revenues of Ford Motors were $160.34 Billion in 2018 compared to $156.78 Billion in 2017.
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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.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.