Ford Motor Firm (together with Lincoln) reported 166,448 new automobile gross sales in June, down 6% year-over-year, though the second quarter was barely optimistic at 536,050 (up 0.8%). Additionally, the year-to-date result’s greater than a yr in the past at 1,044,133 (up 3.6%).
Concurrently, Ford noticeably elevated its all-electric automobile gross sales. Final month, Ford offered 6,972 EVs, 18% greater than a yr in the past. The EV share of the model’s complete quantity improved to 4.4%, in comparison with 3.5% a yr in the past.
Ford EV gross sales famous a powerful begin to 2024
Ford was the No.2 model within the U.S. EV section after Tesla in Q1 2024. After the primary 5 months, the corporate offered over 37,000 EVs and may have the ability to keep its place.
In June, the Ford Mustang Mach-E gross sales amounted to three,497 items, 15% lower than its gross sales quantity in June 2023. On the identical time, the Ford F-150 Lightning famous a 79% improve to 2,552, whereas the Ford E-Transit famous a 152% improve to 923 items.
Ford BEV gross sales final month (YOY change):
- Ford Mustang Mach-E: 3,497 (down 15%)
- Ford F-150 Lightning: 2,552 (up 79%)
- Ford E-Transit: 923 (up 152%)
- Whole: 6,972 (up 18%) and 4.4% share
In the course of the second quarter of 2024, Ford offered virtually 24,000 all-electric automobiles—61% greater than a yr in the past. With about 2,000 extra gross sales, it could be a brand new file. The share of EVs elevated to 4.7% from 2.9% in Q2 2023.
Based on Ford, this outcome was adequate to take care of the second place within the U.S. amongst manufacturers, solely behind Tesla. When it comes to fashions, all three famous fairly sturdy progress year-over-year.
Ford BEV gross sales in Q2’2024 (YOY change):
- Ford Mustang Mach-E: 12,645 (up 46%)
- Ford F-150 Lightning: 7,902 (up 77%)
- Ford E-Transit: 3,410 (up 96%)
- Whole: 23,957 (up 61%) and 4.7% share
To date this yr, Ford has offered over 44,000 all-electric automobiles within the U.S., practically 72% greater than a yr in the past. That is about 4.4% of the model’s complete quantity.
Ford BEV gross sales year-to-date (YOY change):
- Ford Mustang Mach-E: 22,234 (up 58%)
- Ford F-150 Lightning: 15,645 (up 79%)
- Ford E-Transit: 6,301 (up 116%)
- Whole: 44,180 (up 72%) and 4.4% share
For reference, in 2023, Ford offered greater than 72,000 all-electric automobiles within the U.S., up 18% in comparison with 2022. This was about 3.8% of the model’s complete quantity.
Ford F-150 Lightning
In June, Ford F-150 Lightning gross sales elevated 79% year-over-year to 2,552. In Q2 and H1, gross sales amounted to 7,902 and 15,645, respectively. As we have now mentioned, we anticipate nothing however progress from the Ford F-150 Lightning in 2024, not less than till This autumn.
Ford says that the mannequin stays America’s No. 1 promoting electrical truck. 62% of Ford F-150 Lightning gross sales are new to Ford.
Ford Mustang Mach-E
Ford Mustang Mach-E gross sales amounted to three,497 items in June, down 15% year-over-year. Nevertheless, in Q2 and H1, gross sales have been up at 12,645 (up 46%) and 22,234 (up 58%), respectively.
Ford mentioned that 54% of Mustang Mach-E gross sales are new to Ford, so the mannequin is drawing prospects from different manufacturers.
Ford reported that the “gross inventory” elevated in June to 18,000 items, in comparison with 17,600 a month in the past.
Mach-E manufacturing in Mexico in June amounted to five,347 items, 59% fewer than a yr in the past. The whole outcome year-to-date was 23,022, down 50% year-over-year.
We assume that Ford produced much less as a result of provide considerably outpaced demand. It appears that evidently it is going to be a difficult yr for the Mach-E. The cumulative manufacturing since 2020 exceeded 265,000.
Ford E-Transit
Gross sales of the Ford E-Transit van continued to develop quick, reaching 923 items in June (up 152% year-over-year). In Q2 and H1, gross sales amounted to three,410 (up 96%) and 6,301 (up 116%), respectively.
Ford confirmed that the E-Transit stays the America’s best-selling electrical van. Moreover, the producer revealed that: “Three of each 4 E-Transit gross sales this yr are from repeat prospects as companies see for themselves the decrease upkeep and gasoline prices that include an electrical automobile.”
Quickly, the Ford E-Transit lineup can be strengthened by an extended-range model.
Sadly, Ford doesn’t report gross sales of different plug-in fashions, just like the Ford Escape PHEV. Lincoln‘s PHEV gross sales weren’t revealed both.
