Sales of Ford trucks and hybrid models rose by 13% in August.

• Last month, Ford Motor's U.S. vehicle sales surged by 13.4%, with the F-Series trucks and hybrid models driving the growth.
• Despite an increase in all-electric vehicle sales, Ford's sales in August were still dominated by traditional cars and trucks with internal combustion engines, accounting for 86% of the total.

Last month, there was a 13.4% rise in U.S. vehicle sales, mainly driven by the growth in the company's F-Series trucks and hybrid models.

Nearly 183,000 vehicles were sold by the Detroit automaker in August, with a 12.3% increase in trucks and a 50% jump in hybrid vehicles compared to the previous year. Additionally, the company's all-electric vehicle sales saw a 29% increase, including a significant increase in the F-150 Lightning pickup.

Last month, Ford's sales were dominated by traditional cars and trucks with internal combustion engines, accounting for 86% of their total sales, despite the rise in electrified vehicles.

According to Barclays, Ford's August sales exceeded industry estimates of a 6% year-over-year increase from the previous year.

Although auto sales in the US have remained stable in 2024, they are not as high as some had predicted at the beginning of the year. Barclays has lowered its 2024 sales forecast from 16 million vehicles to 15.8 million, citing a 15.7 million sales pace through August.

"If manufacturers aim to maintain high prices, it will be challenging for the seasonally adjusted annual rate to exceed the ~16.0mn level, despite potential interest rate cuts that may improve affordability," Barclay's Dan Levy wrote in an investor note on Thursday.

Through August, Ford's U.S. sales increased by 4.3% to 1.4 million units.

While not all automakers report monthly sales, the Hyundai brand reported a 22% increase in sales last month compared to August 2023.