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

• Ford bought a report variety of all-electric autos within the third quarter.
• The F-150 Lightning was the best-seller, whereas the Mustang Mach-E’s gross sales declined.
• Hybrids additionally posted strong features.

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 largest features have been recorded by the F-150 Lightning all-electric pickup truck, which noticed gross sales numbers greater than double yr over yr. Ford bought 7,162 models of the Lightning in Q3 2024, up from the three,503 models in Q3 of final yr.

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

Yr-to-date, Ford bought 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%).

General, Ford’s all-electric car gross sales within the third quarter of this yr amounted to 23,509 models, up 12.2% from final yr’s 20,962 autos. Yr-to-date, Ford bought 67,689 EVs, up 45% in comparison with final yr’s 46,671 models.

By comparability, Common Motors bought a bit 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 tip 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 features, 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 models final yr to 48,101 vehicles this yr. Yr-to-date, Ford bought 140,344 hybrids within the U.S., up 45.4% from final yr’s 96,514 models.

The F-150 Hybrid is America’s best-selling hybrid pickup truck, with 20,129 models bought within the third quarter–64% extra year-over-year. The Maverick hybrid bought 16,561 models 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 bought 432,429 combustion-powered autos within the third quarter, down 2.8% year-over-year, and 1,340,139 models year-to-date, down 1.8% year-over-year.

That is nice information for Ford amid a slowing marketplace for vehicles of every kind, 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: