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Ford's Q3 US Sales Rise 0.7% as Gains is EVs, Hybrids Offset Decline in Gas-Powered Vehicles
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Ford's Q3 US Sales Rise 0.7% as Gains is EVs, Hybrids Offset Decline in Gas-Powered Vehicles
Oct 2, 2024 11:04 PM

10:09 AM EDT, 10/02/2024 (MT Newswires) -- Ford Motor ( F ) on Wednesday reported a 0.7% increase in US Q3 sales compared with year-ago levels, selling 504,039 vehicles during the three months ended Sept. 30.

The automaker saw increases for both electric and hybrid vehicles, rising 12.2% and 38% year-over-year, respectively. Those cars and trucks, however, comprised only 14.2% of Ford's Q3 sales, with the company selling 432,429 internal combustion-powered vehicles during the quarter, down 2.8% from the same period in 2023.

Year-to-date, US sales at Ford are up 2.7%, with nearly 1.55 million units sold since Jan. 1.

Ford shares were down 2.4% in recent trading.

Price: 10.48, Change: -0.28, Percent Change: -2.56

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