Ford Sales Up 10.1% in Q1

Ford Gross sales Up 10.1% in Q1

The Ford F-150 Lightning had 4,291 gross sales within the first quarter. (Ford Motor Co.)

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Ford Motor Co.’s gross sales rose 10.1% year-over-year within the first quarter, lifting the Blue Oval to the best-selling model — however not producer — within the nation for the January-March interval.

The Dearborn, Mich., automaker offered 475,906 autos within the quarter, up from 432,132 in the identical interval final 12 months.

These gross sales embody gross sales of Ford model inner combustion engine, hybrid and electrical autos for retail prospects; fleet gross sales; and gross sales of the corporate’s luxurious Lincoln model.

“Ford is off to a quick begin to the 12 months,” Andrew Frick, Ford’s vp of gross sales, distribution and vehicles, stated in an announcement. “Ford’s gross sales development and investments are a direct results of robust buyer demand throughout our truck, SUV and electrical automobile segments. And this 12 months’s extremely anticipated new product launches with Tremendous Responsibility, Escape, Mustang and Ranger, will solely add to this momentum.”

Ford’s gross sales of 10,866 electrical autos had been up 41% from a 12 months in the past. The automaker at the moment has three EVs in the marketplace: the F-150 Lightning pickup truck, with 4,291 gross sales within the first quarter; the Mustang Mach-E, gross sales of which had been down as a result of Ford stated the crossover SUV’s plant was down for a number of weeks in preparation for a manufacturing improve; and the E-Transit cargo van. The corporate reaffirmed April 4 that it’s on monitor to hit its goal of boosting the F-150 Lightning’s manufacturing run charge to 150,000 autos this 12 months.

Within the profitable and aggressive truck and van section, Ford reported gross sales development of 19.6% over the primary quarter of 2022, pushed by F-Sequence pickups and the Transit Van. F-Sequence gross sales had been up 21.1%.

The automaker — which is transferring to spice up manufacturing for a lot of its widespread autos — attributed the robust efficiency of the Blue Oval model to gross sales of the F-Sequence, Bronco and Mustang, in addition to to power within the industrial and electrical automobile segments.

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