F - Ford Stock Drops as October Sales in the US Were Down 10% While Overall EV Sales up 120%
In October, U.S. sales decreased 10% year over year to 158,327 vehicles, according to Ford Motor Company ( NYSE:F ). Retail sales during the month fell 18.6% year over year. Retail truck sales declined 21% year-on-year, and truck sales overall dropped 7.7% year-on-year to 87,205 units. SUV sales fell 14.1% year over year in March to 67,266 units, and retail SUV sales fell 18.2%. Ford stock slightly dropped and was trading on Wednesday at $13.23 as of 10:19 AM EDT.
Sales of EVs increased 119.8% year over year to 6,261 vehicles, with retail sales up 79.1%.
With sales of 2,436, the F-150 Lightning has maintained its position as the most popular electric truck in America since its launch this year.
With cumulative sales of 523,712 cars, the F-Series increased its lead as the best-selling truck in America for the month of October. Sales of the Mustang Mach-E rose 7.3% year over year.
Sales of Maverick increased by 123% year over year to 9,233 trucks, with the Maverick Hybrid representing around 47% of those sales.
“Orders for ’23MY’ vehicles are up 134 percent from this time last year, demonstrating Ford’s continued strong consumer demand for its automobiles. In just five days, the brand-new Super Duty received a record 52,000 orders. The F-Series maintained its top spot as the most popular truck in America, increasing its advantage over our closest rival to more than 100,000 vehicles this year. Our sales of electric vehicles have doubled. Since its release, the F-150 Lightning has achieved its greatest monthly sale. The business reduced the price <...
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