Breaking News: Ford Motor Co's 13% Increase in U.S. Vehicle Sales
Ford's Sales Surge
Ford Motor Co's U.S. vehicle sales jumped 13.4% in August, primarily driven by its F-Series trucks and hybrid models. The automaker reported nearly 183,000 vehicle sales, with trucks rising 12.3% and hybrid models increasing approximately 50% year-over-year.
Electric Vehicle Growth
All-electric vehicle sales surged 29%, particularly with the F-150 Lightning. Despite growth in electrified sales, traditional vehicles with internal combustion engines still constituted 86% of Ford's August sales.
Market Overview
Ford's performance outpaced industry estimates of a 6% increase year-over-year, as reported by Barclays. The company’s total U.S. sales to August rose 4.3% to 1.4 million units.
Industry Forecast Adjustments
- Barclays revised its 2024 sales forecast from 16 million vehicles to 15.8 million.
- Existing high prices and interest rates may continue to impact sales stability.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.