A Ford Raptor pickup truck is displayed on the market at a Ford dealership on August 21, 2024 in Glendale, California.Â
Mario Tama | Getty Photos
DETROIT — Ford Motor’s U.S. car gross sales jumped 13.4% final month, led by will increase within the firm’s F-Collection vans and hybrid fashions.
The Detroit automaker reported sales Thursday of practically 183,000 autos in August, together with a 12.3% improve in vans and a roughly 50% bounce in hybrid autos in comparison with a yr earlier. Its all-electric car gross sales jumped 29% throughout that point, together with a notable improve in its F-150 Lightning pickup.
Regardless of the rise in electrified autos, conventional automobiles and vans with inner combustion engines nonetheless represented 86% of Ford’s gross sales final month.
Ford’s August gross sales outpaced general trade estimates of a roughly 6% year-over-year improve from a yr earlier, in line with Barclays.
Regardless of steep costs and excessive rates of interest, U.S. auto gross sales have remained secure in 2024, however they don’t seem to be as excessive as some anticipated to start the yr. Barclays on Thursday lowered its 2024 gross sales forecast from 16 million autos to fifteen.8 million, citing a 15.7 million gross sales tempo via August.
“Whereas potential rate of interest cuts might assist affordability, as long as [manufacturers] goal to maintain costs elevated, it can possible be tough for [seasonally adjusted annual rate] to surpass the ~16.0mn degree,” Barclay’s Dan Levy wrote Thursday in an investor notice.
Ford’s U.S. gross sales via August have been up 4.3% to 1.4 million models.
Ford’s August gross sales weren’t the one double-digit will increase. Whereas not all automakers report month-to-month gross sales, the Hyundai model reported a 22% improve in gross sales final month in comparison with August 2023.
