Ford Motor Company reported a significant increase in its electric vehicle (EV) sales for April, with figures reaching 8,019 units, up from 3,499 units a year earlier, marking a 129% year-over-year increase and a 96% increase year-to-date. Despite the surge in EV sales, Ford's overall April sales experienced a slight decline. However, the company saw a notable rise in hybrid vehicle shipments and an increase in U.S. gross vehicle stock by 43%. Additionally, sales at Lincoln rose by 24%. Ford's stock showed positive movement attributed to these monthly sales figures. The U.S. new-vehicle market, in general, saw a decrease of 3.9% in sales compared to April of the previous year, with total sales amounting to 1.32 million vehicles.
What is up with the US EV market? 🧵... Given typical S-curve adoption dynamics & 50% annual growth in US EV sales last year, I was expecting ~30-40% growth in 2024. Excluding Tesla, EV sales were up ~35% in Q1, right on pace. Ford, Hyundai, Kia etc posted good April growth... https://t.co/qS1YIX42mG
“Ford said it ended April with U.S. gross vehicle stock of 539,400, up 43 percent from 376,600 a year earlier” — Auto News $F
“Sales fell 3.2 percent at the Ford division behind a drop of 7.2 percent in F-Series volume, the brand's top seller, but rose 24 percent at Lincoln” — Auto News $F
"U.S. new-vehicle sales slipped 3.9% to 1.32 million last month compared with April 2023, GlobalData said in a preliminary report, with retail sales totaling 1.09 million and fleet volume of 229,000" — Auto News
Ford's April sales dip, but hybrid shipments surge https://t.co/YIObcg6FuC by @Pras_S
Ford Stock Is Moving Up. Monthly Sales, and 2 More Things, Are Helping. https://t.co/KlhJHcKjpH
Ford April EV sales +129% y/y and YTD +96% in US… https://t.co/exXtr3BKSr
Ford's April sales dip, but hybrids shipments surge https://t.co/U1BlYitBW7 by @Pras_S
Ford April EV sales came in at 8019 (up from 3,499 a year ago). Thoughts? $F