Ford gross sales rose 1% throughout the second quarter over the year-earlier interval, led by a 5% achieve in truck gross sales, the automaker mentioned Wednesday.
Ford truck gross sales, which incorporates pickups and vans, totaled 308,920 automobiles throughout the interval, the corporate’s finest second-quarter efficiency for the class since 2019, Ford mentioned. Gross sales in its F-Sequence totaled 199,463 automobiles.
Gross sales of Ford electrical automobiles totaled 23,957 throughout the second quarter, up 61%. The automaker mentioned its EVs, specifically the Mustang Mach-E and F-150 Lightning, are drawing new prospects to the corporate.
In the meantime, gross sales of hybrid automobiles 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 mentioned. 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 Common Motors reported second-quarter gross sales that rose 0.6% from a 12 months earlier. GM mentioned whole gross sales of 696,086 made for its highest quarterly gross sales mark for the reason that fourth quarter of 2020.
Even modest gross sales will increase for each Ford and GM outpace expectations for the general market. Auto trade forecasters together with Cox Automotive and Edmunds count on second-quarter gross sales industrywide to be roughly flat 12 months over 12 months.
— CNBC’s Michael Wayland contributed to this report.