Ford's Q3 US Sales Increase 1% Y/Y on Strong Hybrid Sales
Ford Motor(F) ZACKS·2024-10-04 02:41
Ford Motor Company’s (F) U.S. sales rose 1% year over year in the third quarter of 2024, outperforming the overall market, which saw a 2% decline year over year. Retail sales increased 4% from the year-ago quarter, thanks to Ford and Lincoln's strategy of offering powertrain options. The company sold 504,039 vehicles, up 0.7% from last year's 500,504 units.On a year-over-year basis, Hybrid sales surged 38% and electric vehicle (EV) sales increased 12%, while gas and diesel vehicle sales, which make up 86% o ...