Ford's May US Sales Increase 10.7%; EV Sales Slump 13%
Portfolio Pulse from Shivani Kumaresan
Ford's US sales in May 2023 increased 10.7% YoY to 170,933 vehicles, with EV sales declining 13% and hybrid sales jumping 20.5%. Year-to-date sales increased 8.8% to 830,841 vehicles. Ford's stock is trading higher by 2.60% at $12.43.
June 02, 2023 | 2:58 pm
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POSITIVE IMPACT
Ford's US sales increased 10.7% YoY in May, with EV sales down 13% and hybrid sales up 20.5%. The stock is trading higher by 2.60% at $12.43.
Ford's overall sales growth, despite the decline in EV sales, indicates a positive market response to their products. The increase in hybrid sales and overall sales growth are likely contributing to the stock's positive price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100