BusinessFord sales edge 1% higher in the second quarter,...

Ford sales edge 1% higher in the second quarter, led by trucks

-

- Advertisment -spot_img


Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024.

Scott Olson | Getty Images

Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday.

Ford truck sales, which include pickups and vans, totaled 308,920 vehicles during the period, the company’s best second-quarter performance for the category since 2019, Ford said. Sales in its F-Series totaled 199,463 vehicles.

Sales of Ford electric vehicles totaled 23,957 during the second quarter, up 61%. The automaker said its EVs, in particular the Mustang Mach-E and F-150 Lightning, are drawing new customers to the company.

Meanwhile, sales of hybrid vehicles totaled 53,822, an increase of 56% and a new quarterly sales record for Ford since it began offering hybrid models more than 20 years ago, it said. Automakers including Ford have been leaning on hybrids to ease the EV transition and help achieve tightening federal fuel efficiency standards.

The update comes a day after Ford’s crosstown rival General Motors reported second-quarter sales that rose 0.6% from a year earlier. GM said total sales of 696,086 made for its highest quarterly sales mark since the fourth quarter of 2020.

Even modest sales increases for both Ford and GM outpace expectations for the overall market. Auto industry forecasters including Cox Automotive and Edmunds expect second-quarter sales industrywide to be roughly flat year over year.

— CNBC’s Michael Wayland contributed to this report.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

NASA Astronauts Splash Down in SpaceX Capsule: Live Video and Updates

For a NASA astronaut, an assignment to the International Space Station means planning for six months in space....

Opinion | Chuck Schumer Isn’t Jewish Like the Pope Isn’t Catholic

Harvard was also the place where Schumer first saw left-wing antisemitism in action — using the cloak of...
- Advertisement -spot_imgspot_img

Eclipsed by aurora: How one photographer combined two celestial events

A still shot from Zafra's timelapse of the event. Photo: Dan Zafra Capturing the total lunar eclipse is special enough,...

How to Get Talking Again, With Lucy Dacus of boygenius

This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may...

Must read

New country album pays homage to Tom Petty

New country album pays homage to Tom Petty...

At least 10 shot dead as section of Kenyan parliament set on fire

At least ten people were shot dead in...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you