DETROIT – Ford Motor‘s second-quarter gross sales elevated 9.9% from a yr earlier, spurred by vital gross sales beneficial properties of its F-Sequence vehicles.
The Detroit automaker Thursday reported gross sales of 531,662 autos from April by way of June, up from subdued outcomes of 483,688 vehicles and vehicles that have been weighed down by provide chain issues within the year-ago interval.
Gross sales of Ford’s F-Sequence vehicles jumped 34% throughout the second quarter in comparison with the prior yr, together with gross sales of an all-electric model of the F-150 that greater than doubled to 4,466 items offered.
Ford’s total truck gross sales, a key driver of the corporate’s income, have been up 23% within the first half of the yr from the identical interval in 2022. All-new Tremendous Responsibility vehicles and better manufacturing of different fashions helped drive the achieve, Ford stated.
“Ford achieved each best-selling model and truck for six consecutive months this yr on the energy of F-Sequence, vans, our new Escape, and F-150 Lightning,” stated Andrew Frick, Ford vice chairman of gross sales distribution, and vehicles, in an announcement. “Our EV gross sales proceed to develop. Improved Mustang Mach-E stock movement started to hit on the finish of Q2 following the retooling of our plant earlier this yr, which helped Mustang Mach-E gross sales climb 110% in June.”
Nonetheless, Ford’s EV gross sales throughout the quarter declined 2.8%, to 14,843 autos, as provides of the Mach-E have been quick amid an overhaul of the manufacturing unit that makes the EV. Ford revamped that plant to extend manufacturing of the Mach-E throughout the quarter, half of a bigger plan to considerably enhance its electrical automobile manufacturing and switch a revenue on its EV enterprise by the tip of 2026.
Ford’s electrical automobile gross sales stay small for now: EVs represented simply 2.8% of the automaker’s whole gross sales throughout the second quarter, whereas conventional inner combustion engines represented roughly 91% of gross sales. Hybrids represented 6.5% of gross sales.