Ford gross sales Q2 2024 edge 1% larger
Ford Mustang Mach E electrical autos are supplied on the market at a dealership in Chicago, Illinois, on June 5, 2024.
Scott Olson | Getty Photographs
Ford gross sales rose 1% through the second quarter over the year-earlier interval, led by a 5% achieve in truck gross sales, the automaker stated Wednesday.
Ford truck gross sales, which embrace pickups and vans, totaled 308,920 autos through the interval, the corporate’s finest second-quarter efficiency for the class since 2019, Ford stated. Gross sales in its F-Collection totaled 199,463 autos.
Gross sales of Ford electrical autos totaled 23,957 through the second quarter, up 61%. The automaker stated its EVs, particularly the Mustang Mach-E and F-150 Lightning, are drawing new prospects to the corporate.
In the meantime, gross sales of hybrid autos totaled 53,822, a rise of 56% and a brand new quarterly gross sales file for Ford because it started providing hybrid fashions greater than 20 years in the past, it stated. Automakers together with Ford have been leaning on hybrids to ease the EV transition and assist obtain tightening federal gasoline effectivity requirements.
The replace comes a day after Ford’s crosstown rival General Motors reported second-quarter sales that rose 0.6% from a yr earlier. GM stated whole gross sales of 696,086 made for its highest quarterly gross sales mark because the fourth quarter of 2020.
Even modest gross sales will increase for each Ford and GM outpace expectations for the general market. Auto business forecasters together with Cox Automotive and Edmunds count on second-quarter gross sales industrywide to be roughly flat yr over yr.
— CNBC’s Michael Wayland contributed to this report.
