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

• Ford offered a document variety of all-electric automobiles within the third quarter.
• The F-150 Lightning was the best-seller, whereas the Mustang Mach-E’s gross sales declined.
• Hybrids additionally posted stable positive aspects.

Ford is the second best-selling electrical automobile model in the US this 12 months, behind solely Tesla, with gross sales figures going up 45% in comparison with final 12 months’s January-September interval.

Within the third quarter, the largest positive aspects have been recorded by the F-150 Lightning all-electric pickup truck, which noticed gross sales numbers greater than double 12 months over 12 months. Ford offered 7,162 models of the Lightning in Q3 2024, up from the three,503 models in Q3 of final 12 months.

The E-Transit van additionally went up 12.9%, with 2,955 models offered 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%.

12 months-to-date, Ford offered 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%).

Total, Ford’s all-electric automobile gross sales within the third quarter of this 12 months amounted to 23,509 models, up 12.2% from final 12 months’s 20,962 automobiles. 12 months-to-date, Ford offered 67,689 EVs, up 45% in comparison with final 12 months’s 46,671 models.

By comparability, Common Motors offered just a little 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 12 months 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 larger positive aspects, 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 automobile gross sales went up 38% in Q3, from 34,861 models final 12 months to 48,101 automobiles this 12 months. 12 months-to-date, Ford offered 140,344 hybrids within the U.S., up 45.4% from final 12 months’s 96,514 models.

The F-150 Hybrid is America’s best-selling hybrid pickup truck, with 20,129 models offered within the third quarter–64% extra year-over-year. The Maverick hybrid offered 16,561 models in Q3, 22% greater than final 12 months.

The corporate’s inner combustion automobile gross sales declined however nonetheless outpace the all-electric and hybrid fashions mixed. Ford offered 432,429 combustion-powered automobiles 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 automobiles of every kind, with the trade recording a 2% decline within the third quarter. With excessive rates of interest

This is a breakdown of Ford’s gross sales efficiency in Q3 2024: