Ford Motor Company's U.S. vehicle sales improved slightly in the third quarter, but were still down 27.4 % from last year due to a continuing shortfall of semiconductor chips.

The Truck of the Future Is Here: All-Electric Ford F-150 Lightning | Ford  Media Center

The sharp drop was narrower than auto analysts had predicted, but it was larger than the whole industry, which was expected to be down between 13% and 14% from the same period last year. Ford's sales were expected to drop 37.3% in the third quarter, according to Cox Automotive, while Edmunds predicted a 29.3% drop.

The silver lining is that Ford's sales improved over the quarter, going from losses of more than 30% in July and August to 17.7% in September, indicating increased semiconductor chip supply. It also increased its vehicle inventory to 236,000 cars and trucks, up 21,000 units from the beginning of September.

The value of Ford stock was up in early morning trading on Monday.

In the third quarter, Ford sold 400,843 automobiles, including over 156,600 in September. Its sales in the first three quarters of 2020 were roughly 1.4 million, down 7% from the first three quarters of 2019.

More than 150,000 people have signed up for Ford's future F-150 Lightning electric pickup. According to the corporation, 100,000 reservations were made at the conclusion of the second quarter.