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Ford’s October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023

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The brand new Ford F-150 truck goes by the meeting line on the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Invoice Pugliano | Getty Pictures

DETROIT — Ford Motor on Monday reported a 15.2% enhance in U.S. new automobiles gross sales in October in contrast with subdued ranges on account of a union strike in October 2023.

The year-over-year gross sales enhance was led by a 29.2% enchancment in gross sales of Ford’s vehicles, which had been among the many first automobiles affected by the United Auto Staff’ strike throughout contentious contract negotiations in 2023.

Ford stated its whole U.S. market share elevated 0.6 proportion factors to 12.6% in October. The automaker’s gross sales acquire outpaced the trade’s estimated enhance of 10% in October in contrast with a 12 months earlier.

Gross sales of hybrid automobiles, which Ford has been emphasizing amid a slower-than-expected adoption of electrical automobiles, had been up 38.5% in October in contrast with October 2023, Ford stated. Its EV gross sales had been down by 8.3%, whereas gross sales of conventional automobiles with inside combustion engines had been up 14.1%.

Ford’s EV gross sales stay up 38.2% for the 12 months by October in contrast with the identical timeframe in 2023.

The October gross sales decline for EVs comes days after the corporate confirmed plans to idle manufacturing of its all-electric F-150 Lightning from Nov. 18 till Jan. 6, together with beforehand deliberate vacation downtime on the finish of the 12 months.

Ford’s U.S. gross sales by October had been up 3.8% to greater than 1.7 million automobiles bought.

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