The chart above displays the net revenue of Ford Motors from the Canada and Germany markets from 2013 to 2023 in millions of US dollars.
In 2023, Ford Motors generated a total annual net revenue of $13,391 million from the Canada market compared to $12,590 million in the previous year. The company experienced growth in total net sales and vehicle unit sales in 2023 compared to the previous year. The company sold 4.4 million vehicle units to its dealerships in 2023 compared to 4.2 million units in the prior year. Its total annual net revenue in 2023 climbed to $176.2 billion from $158 billion in the previous year. The company experienced growth in sales in the US market also, which is its largest market based on unit vehicle sales and total net revenue.
In 2022, Ford generated $12,590 million from the Canada market compared to $11,153 million in 2021. Ford’s net revenue from the German market was $6,471 million in 2022 compared to $6,237 million in 2021. The total net revenue of the company increased 16% in 2022 compared to 2021. Ford generated total $158.06 billion in net revenue in 2022.
The United States is the largest market of Ford Motors from where the company generated $105,481 million in net sales in 2022 compared to $87,012 million in 2021.
Revenue of Ford Motors from Canada and Germany 2013-2023
Amounts are in millions.
| Year | Canada (millions) | Germany (millions) |
|---|---|---|
| 2023 | $13,391 | |
| 2022 | $12,590 | $6,471 |
| 2021 | $11,153 | $6,237 |
| 2020 | $8,711 | $6,526 |
| 2019 | $10,855 | $8,711 |
| 2018 | $10,541 | $7,894 |
| 2017 | $ 10,580 | $7,265 |
| 2016 | $ 10,028 | $7,322 |
| 2015 | $ 8,978 | $6,950 |
| 2014 | $ 9,409 | $7,487 |
| 2013 | $9,729 | $8,600 |
2021: The net sales of Ford Motors in 2021 increased in Canada but declined in Germany. The company generated $11,153 million in net sales from the Canadian market in 2021 compared to $8,711 million in 2020. Its revenue from Germany in 2021 declined to $6,237 million compared to $6,526 million in 2020.
2020: The unit sales and net revenues of Ford Motor Company declined significantly in 2020 compared to the previous year, mainly due to the impact of the pandemic worldwide. The company’s unit sales in both Canada and Germany remained 0.2 million units in 2020 compared to 0.3 million units in 2019. Ford’s net revenues from Canada in 2020 were $7.93 billion in 2020 compared to $10.9 billion in 2019. The German market generated $6.5 billion in net revenues for Ford Motor Company in 2020 compared to $8.7 billion in 2019. Ford’s sales and revenues declined across all the geographic markets in 2020 compared to 2019.
2019: In 2019, Ford Motors experienced modest revenue growth in the Canadian market compared to the prior year. However, its revenue in the German market grew by around $900 millions. Ford generated $10,855 million from the Canadian market in 2019 compared to $10,541 million in 2018. the automobile brand also generated $8,711 million from the German market in 2019 compared to $7,894 million in 2018.
2018: In 2018, Ford experienced a modest decline in its net revenue from the Canadian market compared to the prior year. However, its revenue from the German market grew by more than $600 million in 2018 compared to the prior year. Ford’s revenue from Canada in 2018 remained $10,541 million compared to $10,580 million in 2017. Its revenue from the German market in 2018 reached $7,894 million compared to $7,265 million 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.
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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.