Tue. Jan 9th, 2024


The Real News Network

Ford’s U.S. Sales Rose 10% in the Second Quarter

2 min read

Ford Motor said its new-vehicle sales rose 10 percent in the three months between April and June, thanks to robust demand for trucks.

The automaker sold 531,662 motor vehicles, up from 483,688 in the second quarter of the year, as sales of pickups, delivery vans and heavy trucks increased by 26 percent. The gain in truck sales more than offset a nearly 3 percent decline in sales of electric vehicles.

Ford sold 14,843 battery-powered cars and trucks in the quarter, down from 15,273 in the same period a year earlier. The company has had to slow production to upgrade assembly lines and increase its ability to make more vehicles later this year.

The upgrade work mainly affected the Mustang Mach-E, whose sales declined 21 percent in the second quarter. Ford also sold 4,466 F-150 Lightning electric pickup trucks in the quarter. That’s more than double the total from the same period last year, and the second highest quarterly total since the truck went on sale.

On Wednesday, General Motors, Honda, Nissan, Hyundai and Kia reported increases of 14 percent or more. Overall, automakers sold more than four million cars and trucks in the second quarter, according to Cox Automotive, a market research firm, 15 percent higher than a year ago. New car sales remain below their prepandemic levels because parts shortages have forced automakers to produce fewer vehicles for much of the last three years.

Neal E. Boudette is based in Michigan and has been covering the auto industry for two decades. He joined The New York Times in 2016 after more than 15 years at The Wall Street Journal. More about Neal E. Boudette

Source: Read Full Article

Copyright © All rights reserved. | Newsphere by AF themes.