Ford gross sales Q2 2024 edge 1% upper


Ford Mustang Mach E electrical cars are introduced on the market at a dealership on June 05, 2024 in Chicago, Illinois.

Scott Olson | Getty Photographs

Ford gross sales rose 1% all through the second one quarter over the year-earlier duration, led by means of a 5% achieve in truck gross sales, the automaker mentioned Wednesday.

Ford truck gross sales, which contains pickups and trucks, totaled 308,920 cars all through the duration, the corporate’s perfect second-quarter efficiency for the class since 2019, Ford mentioned. Gross sales in its F-Sequence totaled 199,463 cars.

Gross sales of Ford electrical cars totaled 23,957 all through the second one quarter, up 61%. The automaker mentioned its EVs, specifically the Mustang Mach-E and F-150 Lightning, are drawing new consumers to the corporate.

In the meantime, gross sales of hybrid cars totaled 53,822, an building up of 56% and a brand new quarterly gross sales file for Ford since it all started providing hybrid fashions greater than two decades in the past, it mentioned. Automakers together with Ford were leaning on hybrids to ease the EV transition and lend a hand succeed in tightening federal gasoline potency requirements.

The replace comes an afternoon after Ford’s crosstown rival Common Motors reported second-quarter gross sales that rose 0.6% from a 12 months previous. GM mentioned overall gross sales of 696,086 made for its easiest quarterly gross sales mark for the reason that fourth quarter of 2020.

Even modest gross sales will increase for each Ford and GM outpace expectancies for the whole marketplace. Auto trade forecasters together with Cox Automobile and Edmunds be expecting second-quarter gross sales industrywide to be more or less flat 12 months over 12 months.

— CNBC’s Michael Wayland contributed to this file.

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