DETROIT — The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

Ford’s net income of $1.83 billion fell 23% from a year ago, while GM’s profit dropped 40% to $2.4 billion. High prices, mainly for the pickup trucks and big SUVs that the automakers sold, eased the sting from lower sales.

Ford, which reported results after Wednesday’s closing bell, said it would resume paying a dividend, 10 cents per share, starting in the fourth quarter. It will cost the company about $400 million per quarter. Ford’s stock jumped 4.3% in after-market trading.

Ford’s sales fell 27% from July through September in the U.S., its most lucrative market. The company also lost 2.4 percentage points of U.S. market share, largely because like GM, it couldn’t produce enough vehicles to meet demand.

But the average Ford new vehicle sold for more than $51,000 during the quarter, up almost 13% from a year ago, according to Edmunds.com.

Chief Financial Officer John Lawler said the chip shortage should ease a bit from October through December, and sales to dealers should rise 10% this quarter over the previous one. While supplies will improve, the shortage will continue into next year and possibly into 2023, he said.

GM’s earnings fell from $4 billion last year as sales slumped and the company lost market share in the U.S., also its most profitable country. Revenue for the quarter plunged 25% to $26.78 billion.

However, GM is seeing improvement in the current quarter and expects additional supplies in the first three months of 2022.

GM has said it expects to produce about 200,000 fewer vehicles in the second half of this year compared with the first half, with most of the impact occurring from July through September.