Ford reports big jump in July sales, including for trucks and electric vehicles5 Aug 2022 11:43
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Ford said its new vehicle sales last month increased 36.6% from a year ago, compared with industrywide sales that were estimated to have declined by 10.5%.
Sales of Ford’s profitable F-Series pickups hit 63,341 in July – marking the first-time units have topped 60,000 this year.
DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, following a fire at a supplier’s plant in Japan that hurt its year-ago sales.
The Detroit automaker said Wednesday its new vehicle sales rose 36.6% in July from a year ago, compared to industry sales that were estimated to have declined by 10.5%. Ford’s July sales of 163,942 vehicles were up 7.7% from June.
A year ago, Ford’s vehicle production and sales were down more than other automakers due to a fire at one of its chip suppliers in Japan that forced production cuts during the first half of 2021.
Sales of Ford’s profitable F-Series pickups hit 63,341 in July – marking the first time units have topped 60,000 this year. The sales were up 21.1% compared to a year ago and up roughly 10% from the previous month.
Ford said its share of the U.S. electric vehicle market last month hit a record 10.9%, as the company increases production and availability of the F-150 Lightning pickup, Mustang Mach-E crossover and E-Transit van.
Ford said electric vehicle sales totaled 30,648 units through July. That included sales of about 7,700 vehicles in July, which was 169% increase from a year ago.
https://www.cnbc.com/2022/08/03/ford-reports-big-jump-in-july-sales-including-for-trucks-and-evs.html
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