Ford Motor Co Q1 U.S. EV Sales Of 20,223 Units, Up 86.1%; Q1 Total U.S. Vehicle Sales 508,083 Units, Up 6.8%; Hybrid Growth Is Expected To Continue As More Versions Of The New F-150 Hybrid Ship To Dealers
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Co reported an 86.1% increase in Q1 U.S. EV sales, totaling 20,223 units. Overall, Q1 U.S. vehicle sales rose by 6.8% to 508,083 units. The company anticipates continued growth in hybrid sales, particularly with more shipments of the new F-150 Hybrid to dealers.
April 03, 2024 | 1:20 pm
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Ford Motor Co's Q1 U.S. EV sales surged by 86.1%, with total vehicle sales increasing by 6.8%. The company expects further growth in hybrid sales, driven by the new F-150 Hybrid.
The significant increase in EV sales and the overall rise in vehicle sales indicate strong performance and market demand for Ford's products. The anticipation of continued growth in hybrid sales, especially with the new F-150 Hybrid, suggests a positive outlook for Ford's future sales and potentially its stock price. The high relevance and importance scores reflect the direct impact of these sales figures on Ford's financial health and investor perception.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100