January Production and Sales Numbers look Promising

They do, but you can see the Ice Mountain and shipping delays in the sales number. But if they keep building them and nothing else crazy happens (a big ask over the last couple years), they may be on track to have the order backlog managed by the end of the calendar year. Im still probably getting a '23, but maybe I will see it in December, instead of Fall '23

Either way, a difference of 8,000 sales and 13,000 units produced means the backlog was reduced 5,000 units in one month. Also, we really don't know the story of the ones in the holding yard, Ice Mountain, whatever you want to call it. That could improve or subtract from the numbers. I know from a corporate perspective I don't think they could count those units as produced, but a work in progress, due to accounting principles outline in The Sarbanes–Oxley Act of 2002, which is a US Federal law that mandates certain practices in financial record keeping and reporting for corporations.

22OBX

Either way, a difference of 8,000 sales and 13,000 units produced means the backlog was reduced 5,000 units in one month. Also, we really don't know the story of the ones in the holding yard, Ice Mountain, whatever you want to call it. That could improve or subtract from the numbers. I know from a corporate perspective I don't think they could count those units as produced, but a work in progress, due to accounting principles outline in The Sarbanes–Oxley Act of 2002, which is a US Federal law that mandates certain practices in financial record keeping and reporting for corporations.

Agreed. The production numbers are definitely moving in the right direction. I guess it depends on how finished is finished for counting purposes, but Id be will to bet the ones in the lot are probably counted in that total. If not, when that catches up we should see that in the Feb numbers (#optimist) as they should be well above MAP's build capacity. If we are knocking on the 15K produced number in Feb, that probably what happened.

22OBX

Total Production up to almost 13,000 units for January 2022 with sales of

View attachment 27720

This would have cut almost 5,000 units out of the backlog.

Ford Production Figures.
View attachment 27719

I'm not buying it.
https://thebronconation.com/forums/threads/production-dates-vs-delivery-dates-snafu.9685/

Ditchrunner

I'm not buying it.
https://thebronconation.com/forums/threads/production-dates-vs-delivery-dates-snafu.9685/

Not buying what. Numbers and data published to the stock market?

5,000 out of the backlog of what - 200,000? do they have blind, one-armed people building these things or what?

Yeah, what is meant by 5,000 of the backlog? That's not much of an improvement. If they build 5,000/month of the backlog that's ~two years worth of manufacturing just to catch up? Geez...that's a lot of 2023/2024 vehicles that people will have ordered in 2021.

Or, did you mean something else?

Both NOV and DEC were over 10K units produced, the first months over 10K and really, of volume production.

My dealer had 4 broncos for sale; and that's with the low monthly production numbers before Oct. Now that we are 10K and moving even above that, we're gonna start to see a LOT of orders fulfilled and a lot of them on the dealership lots within just a couple of months.

The Broncos are gonna be rolling very soon!!!

Not to mention the housing crash, car price glut/crash, stock crashes that the youtubers are all predicting for 2022 that could seriously affect your ability to get a deal (real soon now) :D

Looks like they've only partially produced/manufactured vehicles, if they are sitting on a lot waiting for a part prior to shipping. So, the 10k+ vehicles are almost manufactured while they wait for final assembly. Way to fudge numbers for stock holders.

AcesandEights

Looks like they've only partially produced/manufactured vehicles, if they are sitting on a lot waiting for a part prior to shipping. So, the 10k+ vehicles are almost manufactured while they wait for final assembly. Way to fudge numbers for stock holders.

You are exactly right. If my vehicle is sitting on a lot getting abused by the elements then FoMoCo better do something to keep my interest.

AcesandEights

Looks like they've only partially produced/manufactured vehicles, if they are sitting on a lot waiting for a part prior to shipping. So, the 10k+ vehicles are almost manufactured while they wait for final assembly. Way to fudge numbers for stock holders.

Those would not be counted towards product produced. There are corporate laws around accounting and inventory with substantial government fines. Those "held" would be counted as work in process just like any vehicle that was going down the line. They will not count them until they are complete and ready to ship. Those are basic accounting rules for any corporation.

These are "built" units that cannot be delivered. Many, maybe all, of the posts I see are people that have a "built" Bronco with a scheduled delivery that has changed, meaning they are counted as built units, unless of course Ford comes out with revised number next month showing a (negative) number of units against built/sold units.

AcesandEights

These are "built" units that cannot be delivered. Many, maybe all, of the posts I see are people that have a "built" Bronco with a scheduled delivery that has changed, meaning they are counted as built units, unless of course Ford comes out with revised number next month showing a (negative) number of units against built/sold units.

They would not be counted as part of accounting GAAP. They cannot ship or be invoiced because they are not complete.

Lol at people arguing over the "ice mountain" units as built units. As 22OBX stated, there are checks and balances that prevent companies from fluffing inventory numbers to inflate stock prices. If you have seen the video of thousands of units sitting in a lot, so have shareholders. Those units cannot count toward production units that are considered "built".

So, all of the ones not shipped are not counted in the manufacturing figures that came out today? That's BS.

So, when were all of the vehicles manufactured with hard tops accounted for? We know they weren't delivered until much later, because of dirt mountain. But, the monthly production numbers included them.

None of this next part matters, but Michigan is not a GAAP-compliant state, and the production documents may or may not be GAAP-compliant, because they are not stated as such, nor are they the doucuments that would be part of an annual audit. Yes, I realize Ford is publicly-traded.

So, Ford included production numbers for thousands of vehicles held for hard-top issues. We know that. They are now holding back vehicles for another reason, have already published production numbers, and we're supposed to think they are handling it different now because of accounting standards? Why was it stated differently last year? So you think Ford built, what, 15k units and is reporting 13k, nope.

AcesandEights

So, all of the ones not shipped are not counted in the manufacturing figures that came out today? That's BS.

So, when were all of the vehicles manufactured with hard tops accounted for? We know they weren't delivered until much later, because of dirt mountain. But, the monthly production numbers included them.

None of this next part matters, but Michigan is not a GAAP-compliant state, and the production documents may or may not be GAAP-compliant, because they are not stated as such, nor are they the doucuments that would be part of an annual audit. Yes, I realize Ford is publicly-traded.

So, Ford included production numbers for thousands of vehicles held for hard-top issues. We know that. They are now holding back vehicles for another reason, have already published production numbers, and we're supposed to think they are handling it different now because of accounting standards? Why was it stated differently last year?

What are your sources to confirm any production numbers? Do you have hard evidence to support your claims, or are they as anecdotal as they seem?

The fact is, the checks and balances in place are there for this very reason. Produced = delivered to dealer or delivered to customer, not sitting on a lot. If they are sitting on a lot, they are awaiting transport, and that may be considered produced, but it seems that isn't the case as some are claiming those ice mountain vehicles have been there for months.

Same docs I'm sure OBX is using. Ford publishes both production and sales docs monthly, typically within the first couple days of the month, although you could call them anecdotal because I didn't actually count them. I'm hoping Ford did (actually count them) because they're the one producing the production and sales data.

According to their, Ford’s , earnings statement… most comparable financial measures calculated in accordance with U.S. generally accepted accounting principles (“GAAP”).
Furthermore…
Production is a continuous process. So, any work that has been started but is not yet completed before the end of the accounting period is reported as work in progress (WIP) under U.S. Generally Accepted Accounting Principles (GAAP).

Not able to ship because it isn’t complete is WIP.