Ford's May sales boosted by strong truck sales despite EV decline.
TL;DR Summary
Ford and Lincoln's May sales were up 10.7% compared to last year, with Ford trucks leading the way with a 42.7% increase in deliveries. However, deliveries of the electric Mustang Mach-E and F-150 Lightning were down by a combined 13.0% due to production downtime caused by updates at their factories. Ford is working to increase production of these models to annual rates of 210,000 and 150,000 units by the end of 2023. Despite the dip in EV sales, overall sales for major automakers reporting May sales saw a combined 25.6% increase.
- Ford trucks helped drive sales up 10.7% in May as EVs slip Fox Business
- Strong truck sales lift Ford's May results Detroit News
- Heard on the Street: Car Sales Are a Broken Bellwether The Wall Street Journal
- May sales up 13%, but remain well below pre-pandemic numbers Automotive News Canada
- Ford Motor U.S. sales rise about 10.7% Y/Y in May, EV sales down 13% (NYSE:F) Seeking Alpha
- View Full Coverage on Google News
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