In 2023, Ford's October vehicle sales rose by 15.2% compared to the previous year, which was impacted by a labor strike.
- In October 2023, Ford reported a 15.2% increase in U.S. new vehicle sales compared to subdued levels during a union strike.
- In October, Ford's U.S. market share rose by 0.6 percentage points, reaching 12.6%.
- Last month, Ford reported a 38.5% increase in sales of hybrid vehicles compared to October 2023, while its electric vehicle (EV) sales decreased by 8.3%.
In October 2023, the U.S. new vehicles sales increased by 15.2% compared to the previous month, which was affected by a union strike.
During the contentious contract negotiations last year, Ford's trucks experienced a 29.2% year-over-year sales increase, leading the overall sales increase.
In October, Ford's U.S. market share increased by 0.6 percentage points to 12.6%, surpassing the industry's estimated increase of 10% compared to the same month last year.
Ford reported a 38.5% increase in hybrid vehicle sales last month compared to October 2023, while its EV sales decreased by 8.3%. Additionally, sales of traditional vehicles with internal combustion engines rose by 14.1%.
In 2023, Ford's EV sales increased by 38.2% compared to the same period in 2023.
The company's all-electric F-150 Lightning production will be halted from Nov. 18 to Jan. 6, including holiday downtime, following the October sales decline for EVs.
More than 1.7 million vehicles were sold by Ford in the U.S. through October, representing a 3.8% increase in sales compared to the same period last year.
Business News
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