In the second quarter, Ford's sales increased by 1%, with trucks driving the growth.
- Ford sales rose 1% during the second quarter over the year-earlier period.
- Since 2019, the company's best second-quarter performance for truck sales was recorded with 308,920 vehicles sold.
- During the second quarter, Ford recorded a 61% increase in sales of electric vehicles, with a total of 23,957 units sold. Additionally, hybrid sales also experienced a 56% rise.
The automaker announced that sales increased by 1% in the second quarter compared to the previous year, with truck sales contributing to the 5% rise.
In the second quarter of 2021, Ford's sales of trucks, including pickups and vans, reached 308,920 vehicles, surpassing its previous best performance in this category since 2019. The F-Series alone accounted for 199,463 vehicles sold.
During the second quarter, Ford's electric vehicle sales reached 23,957, representing a 61% increase. The company attributes this growth to the popularity of its Mustang Mach-E and F-150 Lightning models, which are attracting new customers to the brand.
Ford reported a new quarterly sales record for hybrid vehicles, with sales totaling 53,822, an increase of 56%, as automakers including Ford turn to hybrids to facilitate the transition to electric vehicles and meet stricter federal fuel efficiency standards.
After Ford's cross-town competitor reported a 0.6% increase in second-quarter sales from the previous year, GM announced that its total sales of 696,086 in the second quarter were its highest since the fourth quarter of 2020.
Despite expectations for the overall market to remain stagnant, both Ford and GM experienced growth in sales during the second quarter.
— CNBC's Michael Wayland contributed to this report.
Business News
You might also like
- SpaceX's Starship is grounded by the FAA after a mid-flight explosion, causing property damage on Turks and Caicos.
- The unparalleled women's basketball league commences on Friday. Discover all the details here.
- PepsiCo faces allegations of price discrimination from the FTC, which claims it is increasing costs for consumers.
- The imposition of tariffs by Trump has prompted China to accelerate the shipment of goods to the US.
- Medicare drug price negotiations include Ozempic in the next round. Here are the 15 medications.