F-150 Lightning Gross sales Extra Than Doubled In The Third Quarter

• Ford offered a document variety of all-electric automobiles within the third quarter.
• The F-150 Lightning was the best-seller, whereas the Mustang Mach-E’s gross sales declined.
• Hybrids additionally posted stable positive aspects.

Ford is the second best-selling electrical car model in the US this yr, behind solely Tesla, with gross sales figures going up 45% in comparison with final yr’s January-September interval.

Within the third quarter, the most important positive aspects had been recorded by the F-150 Lightning all-electric pickup truck, which noticed gross sales numbers greater than double yr over yr. Ford offered 7,162 items of the Lightning in Q3 2024, up from the three,503 items in Q3 of final yr.

The E-Transit van additionally went up 12.9%, with 2,955 items offered within the earlier quarter. Nonetheless, the Mustang Mach-E noticed its gross sales numbers go down from 14,842 items in Q3 2023 to 13,392 this previous quarter, a decline of 9.8%.

12 months-to-date, Ford offered 22,807 F-150 Lightning EVs, a rise of 86% year-over-year, 35,626 Mustang Mach-Es (up 23.4%) and 9,256 E-Transit vans (up 67.4%).

Total, Ford’s all-electric car gross sales within the third quarter of this yr amounted to 23,509 items, up 12.2% from final yr’s 20,962 automobiles. 12 months-to-date, Ford offered 67,689 EVs, up 45% in comparison with final yr’s 46,671 items.

By comparability, Common Motors offered slightly over 32,000 EVs in Q3 2024 in the US. This implies GM outsold Ford within the EV sector within the earlier quarter, however Ford claims it outsold everyone however Tesla from the start of the yr to the top of September.

The F-150 Lightning was Ford’s best-selling EV in Q3 2024

In the meantime, quarterly gross sales of the Mustang Mach-E went down

Hybrids noticed even greater positive aspects, with Ford claiming it’s the best-selling hybrid truck maker in the US with a 77% market share. All in all, the carmaker’s hybrid car gross sales went up 38% in Q3, from 34,861 items final yr to 48,101 automobiles this yr. 12 months-to-date, Ford offered 140,344 hybrids within the U.S., up 45.4% from final yr’s 96,514 items.

The F-150 Hybrid is America’s best-selling hybrid pickup truck, with 20,129 items offered within the third quarter–64% extra year-over-year. The Maverick hybrid offered 16,561 items in Q3, 22% greater than final yr.

The corporate’s inside combustion car gross sales declined however nonetheless outpace the all-electric and hybrid fashions mixed. Ford offered 432,429 combustion-powered automobiles within the third quarter, down 2.8% year-over-year, and 1,340,139 items year-to-date, down 1.8% year-over-year.

That is nice information for Ford amid a slowing marketplace for automobiles of all types, with the business recording a 2% decline within the third quarter. With excessive rates of interest

Here is a breakdown of Ford’s gross sales efficiency in Q3 2024: