Ford's US EV Sales Gather Pace In Q3 Even As Its Best-Seller Mustang Mach-E SUV Slows Down
Portfolio Pulse from Anan Ashraf
Ford's Q3 EV sales increased by 12.2% year-over-year, despite a decline in Mustang Mach-E sales. The rise was driven by strong sales of the F-150 Lightning and E-Transit. However, quarter-on-quarter sales fell by 1.9%. Ford's EV lineup is aging compared to GM's newer offerings.
October 04, 2024 | 6:15 am
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Ford's Q3 EV sales rose 12.2% YoY, driven by F-150 Lightning and E-Transit, despite a 10% drop in Mustang Mach-E sales. However, sales fell 1.9% QoQ. Ford's EV lineup is aging compared to GM's newer offerings.
Ford's EV sales increased year-over-year, indicating growth in the EV segment. However, the quarter-on-quarter decline and the aging lineup compared to GM's newer offerings may limit short-term stock price impact. The mixed results suggest a neutral short-term impact.
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