Ford (F) trades up on positive EV sales report
Ford (NYSE: F) is up 0.83% in pre-market trading on Thursday following the release of the company’s December EV sales results. The American automaker reportedly sold 7,823 electric vehicles, up 222.6% when compared to the same time last year.
The F-150 Lightning was the No. 1 electric truck in America in December and the best-selling electric truck in the U.S. since its launch in May with 15,617 electric trucks sold. For the year, Ford sold 6,500 E-Transit vans, making it America’s best-selling electric van with 73% share of the segment. December sales of E-Transit totaled 689. Mustang Mach-E sales climbed 103% in December on sales of 4,775.
"Much was accomplished in 2022," said Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue, "with Ford increasing its share of the industry by 0.7 percentage points. Delivering on our strategy, share expansion came from broad- based growth from our SUV lineup and our all-new EVs growing at twice the rate of the overall EV segment. F-Series was America’s best-selling truck for the 46th consecutive year, outselling our second-place competitor by over 140,000 trucks, and the Bronco family of vehicles increased 51.3 percent. With a strong retail order bank, Ford is well positioned heading into 2023."
Ford sales of electric vehicles more than doubled in 2022, to 61,575 electric vehicles sold – double the rate of growth for the overall segment. Ford’s electric vehicle sales performance makes it the second largest maker of electric vehicles in the U.S. behind Tesla.
By Michael Elkins | [email protected]