Ford F-150 pickup trucks are seen on Metro Ford’s sales lot in Miami, Florida.
Joe Raedle | Getty Images
DETROIT – Ford Motor’s third-quarter U.S. new vehicle sales increased 7.7% compared with a year earlier, led by higher sales of traditional pickup trucks across its lineup.
The Detroit automaker on Wednesday reported a 15.3% increase in truck sales compared with a 5.1% decline in cars and sales of SUVs that were essentially flat.
Ford’s sales jump was in line with Edmunds’ expectations for the automaker but below auto analyst forecasts for the overall industry of an increase of 15% to 16% for the third quarter.
The automaker’s sales of electric vehicles were up by 14.8% during the quarter to nearly 21,000 units. A vast majority of those sales were the Mustang Mach-E crossover, as sales of the F-150 lightning electric pickup were off about 46% during the quarter due to slower-than-expected demand and downtime at the plant.
Ford’s EV sales represented only about 3% of the roughly 1.5…
2023-10-04 09:21:44
Link from www.cnbc.com
