Ford Motor Firm’s electrical F-150 Lightning on the manufacturing line at their Rouge Electrical Car Heart in Dearborn, Michigan on September 8, 2022.
Jeff Kowalsky | AFP | Getty Photographs
DETROIT – Ford Motor‘s second-quarter gross sales elevated 9.9% from a yr earlier, spurred by important gross sales positive aspects of its F-Sequence vehicles.
The Detroit automaker Thursday reported gross sales of 531,662 automobiles from April by June, up from subdued outcomes of 483,688 automobiles and vehicles that have been weighed down by supply chain problems within the year-ago period.
Gross sales of Ford’s F-Sequence vehicles jumped 34% through the second quarter in contrast with the prior yr, together with gross sales of an all-electric model of the F-150 that greater than doubled to 4,466 items bought.
Ford’s general truck gross sales, a key driver of the corporate’s earnings, have been up 23% within the first half of the yr from the identical interval in 2022. All-new Tremendous Responsibility vehicles and better manufacturing of different fashions helped drive the achieve, the corporate mentioned.
“Ford achieved each best-selling model and truck for six consecutive months this yr on the energy of F-Sequence, vans, our new Escape, and F-150 Lightning,” mentioned Andrew Frick, Ford vp of gross sales, distribution and vehicles, in a press release. “Our EV gross sales proceed to develop. Improved Mustang Mach-E stock circulate started to hit on the finish of Q2 following the retooling of our plant earlier this yr, which helped Mustang Mach-E gross sales climb 110% in June.”
Nonetheless, Ford’s EV gross sales through the quarter declined 2.8%, to 14,843 automobiles, as provides of the Mach-E have been quick amid an overhaul of the manufacturing facility that makes the EV. Ford revamped that plant to extend manufacturing of the Mach-E through the quarter, half of a bigger plan to considerably boost its electric vehicle production and switch a revenue on its EV enterprise by the top of 2026.
Ford’s electrical automobile gross sales stay small for now: EVs represented simply 2.8% of the automaker’s whole gross sales through the second quarter, whereas conventional inside combustion engines represented roughly 91% of gross sales. Hybrids represented 6.5% of gross sales.
