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Ford U.S. EV Gross sales Improved In June And Q2 2024


Ford Motor Firm (together with Lincoln) reported 166,448 new automobile gross sales in June, down 6% year-over-year, though the second quarter was barely optimistic at 536,050 (up 0.8%). Additionally, the year-to-date result’s greater than a 12 months in the past at 1,044,133 (up 3.6%).

Concurrently, Ford noticeably elevated its all-electric automotive gross sales. Final month, Ford offered 6,972 EVs, 18% greater than a 12 months in the past. The EV share of the model’s complete quantity improved to 4.4%, in comparison with 3.5% a 12 months in the past.

Ford EV gross sales famous a powerful begin to 2024

Ford was the No.2 model within the U.S. EV phase after Tesla in Q1 2024. After the primary 5 months, the corporate offered over 37,000 EVs and may be capable of preserve its place.

In June, the Ford Mustang Mach-E gross sales amounted to three,497 items, 15% lower than its gross sales quantity in June 2023. On the similar time, the Ford F-150 Lightning famous a 79% improve to 2,552, whereas the Ford E-Transit famous a 152% improve to 923 items.

Ford BEV gross sales final month (YOY change):

  • Ford Mustang Mach-E: 3,497 (down 15%)
  • Ford F-150 Lightning: 2,552 (up 79%)
  • Ford E-Transit: 923 (up 152%)
  • Complete: 6,972 (up 18%) and 4.4% share

In the course of the second quarter of 2024, Ford offered nearly 24,000 all-electric automobiles—61% greater than a 12 months in the past. With about 2,000 extra gross sales, it might be a brand new file. The share of EVs elevated to 4.7% from 2.9% in Q2 2023.

In keeping with Ford, this consequence was adequate to keep up the second place within the U.S. amongst manufacturers, solely behind Tesla. By way of fashions, all three famous fairly robust progress year-over-year.

Ford BEV gross sales in Q2’2024 (YOY change):

  • Ford Mustang Mach-E: 12,645 (up 46%)
  • Ford F-150 Lightning: 7,902 (up 77%)
  • Ford E-Transit: 3,410 (up 96%)
  • Complete: 23,957 (up 61%) and 4.7% share

To this point this 12 months, Ford has offered over 44,000 all-electric automobiles within the U.S., practically 72% greater than a 12 months in the past. That is about 4.4% of the model’s complete quantity.

Ford BEV gross sales year-to-date (YOY change):

  • Ford Mustang Mach-E: 22,234 (up 58%)
  • Ford F-150 Lightning: 15,645 (up 79%)
  • Ford E-Transit: 6,301 (up 116%)
  • Complete: 44,180 (up 72%) and 4.4% share

For reference, in 2023, Ford offered greater than 72,000 all-electric automobiles within the U.S., up 18% in comparison with 2022. This was about 3.8% of the model’s complete quantity.

Ford F-150 Lightning

In June, Ford F-150 Lightning gross sales elevated 79% year-over-year to 2,552. In Q2 and H1, gross sales amounted to 7,902 and 15,645, respectively. As we’ve got mentioned, we anticipate nothing however progress from the Ford F-150 Lightning in 2024, at the least till This autumn.

Ford says that the mannequin stays America’s No. 1 promoting electrical truck. 62% of Ford F-150 Lightning gross sales are new to Ford.

Ford Mustang Mach-E

Ford Mustang Mach-E gross sales amounted to three,497 items in June, down 15% year-over-year. Nonetheless, in Q2 and H1, gross sales had been up at 12,645 (up 46%) and 22,234 (up 58%), respectively.

Ford mentioned that 54% of Mustang Mach-E gross sales are new to Ford, so the mannequin is drawing clients from different manufacturers.

Ford reported that the “gross inventory” elevated in June to 18,000 items, in comparison with 17,600 a month in the past.

Mach-E manufacturing in Mexico in June amounted to five,347 items, 59% fewer than a 12 months in the past. The whole consequence year-to-date was 23,022, down 50% year-over-year.

We assume that Ford produced much less as a result of provide considerably outpaced demand. It appears that evidently will probably be a difficult 12 months for the Mach-E. The cumulative manufacturing since 2020 exceeded 265,000.

Ford E-Transit

Gross sales of the Ford E-Transit van continued to develop quick, reaching 923 items in June (up 152% year-over-year). In Q2 and H1, gross sales amounted to three,410 (up 96%) and 6,301 (up 116%), respectively.

Ford confirmed that the E-Transit stays the America’s best-selling electrical van. Moreover, the producer revealed that: “Three of each 4 E-Transit gross sales this 12 months are from repeat clients as companies see for themselves the decrease upkeep and gasoline prices that include an electrical automobile.”

Quickly, the Ford E-Transit lineup might be strengthened by an extended-range model.

Sadly, Ford doesn’t report gross sales of different plug-in fashions, just like the Ford Escape PHEV. Lincoln‘s PHEV gross sales weren’t revealed both.

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