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☆ Ford EV and hybrid sales surge 65% in May
▼ + stars: | 2024-06-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles. The boost to EV sales is a conundrum for investors. The spike in hybrid sales is part of Ford's plan to double down on the technology. Ford reported total year-to-date U.S. sales through May of 877,685 units, up 5.6% compared with the same time period in 2023.

Persons: DETROIT –, Ford Organizations: New York, DETROIT, DETROIT – Ford Motor's U.S, Detroit, EV, Ford

☆ Ford sales jump 10.5% in February, led by gains in hybrids and EVs
▼ + stars: | 2024-03-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor's U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales. The Detroit automaker Monday reported sales of 174,192 cars and trucks for February. The company said hybrid sales totaled 12,045 in February, including 6,463 units of its small Maverick Hybrid pickup. Despite the increases in hybrids and EVs, 89.5% of Ford's sales last month were traditional cars and trucks in February. Ford reported total year-to-date sales through February were 311,325 units, a 6.6% increase compared with the same time period a year earlier.

Persons: DETROIT –, Jim Farley Organizations: Ford Motor Co, Washington Auto, Washington , D.C, DETROIT, DETROIT – Ford Motor's, Detroit, Ford, Automotive News, Rivals General Motors, Stellantis, CNBC PRO Locations: Washington ,

☆ Ford pickup truck sales lead third-quarter growth
▼ + stars: | 2023-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor's third-quarter U.S. new vehicle sales increased 7.7% compared with a year earlier, led by higher sales of traditional pickup trucks across its lineup. The Detroit automaker on Wednesday reported a 15.3% increase in truck sales compared with a 5.1% decline in cars and sales of SUVs that were essentially flat. The automaker's sales of electric vehicles were up by 14.8% during the quarter to nearly 21,000 units. Ford hybrid sales, led by the F-150 and Maverick hybrid trucks, posted third-quarter sales of 34,861 vehicles – up 41.4% over a year earlier. An ongoing strike by the United Auto Workers union against the Detroit automakers, including Ford, was not expected to directly impact sales much during the quarter.

Persons: Ford, Edmunds Organizations: DETROIT, Detroit, United Auto Workers, Ford, Ford Bronco, UAW, GM, Ford Motor

☆ Ford's February sales jump 22% from subdued results in 2022
▼ + stars: | 2023-03-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor's February sales increased by more than 20% from subdued results a year earlier, as the automaker ratchets up production of its F-Series pickups and electric vehicles. Ford's sales were hampered by supply chain problems in February 2022 making for one of its worst months since 2021. Sales of Ford's F-Series pickups increased 22% last month compared to a year earlier, increasing to about 55,000 units, including 3,600 units of its electric F-150 Lightning. So far this year, sales of F-Series pickups are up 15%. Ford's electric vehicle sales continue to increase, up 88% from a year earlier.

☆ Ford's U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco
▼ + stars: | 2023-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor's new U.S. vehicle sales started 2023 on stronger footing than a year earlier, but were down 18.4% from December. The automotive industry continues to navigate through some supply chain and production issues, although the flow of parts and vehicle production this year is expected to be more consistent than in recent years. For January, Ford reported a 2% increase in sales from a year earlier to 146,356 vehicles sold. The uptick was led by sales increases of 8.8% for F-Series pickups, 25.5% for Broncos, and 52% for Bronco Sport SUVs — as well as a doubling of its electric vehicle sales, which have been and remain minimal. Some of the automaker's crossovers such as the Ford Edge and Escape experienced double-digit declines from a year earlier.

☆ Ford's October sales slide 10% amid supply chain issues
▼ + stars: | 2022-11-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT – Ford Motor's U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. Ford has experienced unique supply chain issues lately, including sourcing of its blue oval badges for highly profitable pickup trucks and SUVs. Ford said orders for 2023 model-year vehicles totaled 255,000. Ford's 2022 all-electric vehicle sales totaled roughly 47,500 units through October, accounting for about 3% of the automaker's sales. Ford is among a handful of automakers to report new monthly vehicle sales.

☆ Ford stock on pace for worst day in more than 11 years after cost warning
▼ + stars: | 2022-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor's stock is on pace for its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford were trading at about $13.10 apiece Tuesday afternoon, down by more than 12%. If the losses hold into the close, it would knock roughly $7 billion off the company's market value. That would be significantly below the forecasts of some analysts, who were projecting quarterly profit closer to $3 billion. Ford cited recent negotiations resulting in inflation-related supplier costs that will run about $1 billion higher than originally expected.

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