Ford Sold Record 20,962 BEVs In Q3, Only A Bit More Than GM

In September, the entire gross sales of Ford and Lincoln automobiles in the US elevated by 16 % year-over-year to 165,565. After the primary 9 months of the yr, the entire consequence amounted to 1,508,072 (up 9 % year-over-year).

Outcomes final month and year-to-date:

  • Ford gross sales: 158,432 (up 17%) and 1,448,631 (up 10%)
  • Lincoln gross sales: 7,133 (up 7%) and 59,441 (down 6%)
  • Complete gross sales: 165,565 (up 16%) and 1,508,072 (up 9%)

Gross sales of battery-electric automobiles (BEV) elevated final month to a near-record degree of seven,742 (up 65 % year-over-year), which is about 4.9 % of Ford‘s complete quantity. Let’s be aware that Ford has bought extra BEVs each month since April of this yr.

This constructive consequence allowed Ford to attain one of the best quarterly consequence to this point – 20,962 BEV gross sales in Q3. That is virtually 15 % greater than a yr in the past and slightly more than in the case of General Motors (20,092). Alternatively, for each Ford and GM, the outcomes are decrease than anticipated and might be thought of disappointing.

When it comes to mannequin gross sales, the Ford Mustang Mach-E set a brand new file in September with 5,872 items (up 153 % year-over-year). Additionally, the Ford E-Transit famous a brand new file of 937 items final month (up 109 year-over-year). Ford provides that the E-Transit is the best-selling electrical van within the nation.

Nevertheless, on the subject of the Ford F-150 Lightning, its restricted manufacturing translated into a fairly important lower if gross sales – solely 933 items in September (down by 51 % year-over-year, and three,503 in Q3 (down 46 % year-over-year). Ford explains that issues ought to enhance in This fall, because the “F-150 Lightning is predicted to provide gross sales will increase in This fall, as capability actions on the Rouge Electrical Car Heart are realized.”

Ford BEV gross sales final month (YOY change):

  • Ford Mustang Mach-E: 5,872 (up 153%)
  • Ford F-150 Lightning: 933 (down 51%)
  • Ford E-Transit: 937 (up 109%)
  • Complete: 7,742 (up 65%) and 4.9% share

Ford BEV gross sales in Q3’2023 (YOY change):

  • Ford Mustang Mach-E: 14,842 (up 43%)
  • Ford F-150 Lightning: 3,503 (down 46%)
  • Ford E-Transit: 2,617 (up 90%)
  • Complete: 20,962 (up 15%) and 4.4% share

To this point this yr, Ford bought over 46,000 all-electric automobiles within the US (13 % greater than a yr in the past). That is about 3.2 % of the model’s complete quantity.

Ford BEV gross sales year-to-date (YOY change):

  • Ford Mustang Mach-E: 28,882 (up 3%)
  • Ford F-150 Lightning: 12,260 (up 40%)
  • Ford E-Transit: 5,529 (up 26%)
  • Complete: 46,671 (up 13%) and three.2% share

For reference, in 2022, Ford more than doubled its BEV sales to 61,575 units and three.5 % of Ford’s complete quantity (excluding the Lincoln model).

These numbers clearly point out that to this point this yr, Ford had important difficulties ramping up the BEV quantity.

Ford F-150 Lightning

Gross sales of the Ford F-150 Lightning had been lately about half decrease than a yr in the past. Ford explains that manufacturing is predicted to extend after a six-week shutdown to increase the Rouge Electrical Car Heart throughout July and August. Earlier this yr, the Rouge Electric Vehicle Center was also shut down for several weeks, because of the Ford F-150 Lightning battery recall. This additionally affected the outcomes.

The corporate says that the power is on monitor to triple its manufacturing charge to a goal of 150,000 items per yr by this fall. 150,000 items per yr works out to about 12,500 items per thirty days, so that is what we should always count on within the remaining months of the yr or in early 2024.

Ford Mustang Mach-E

The Ford Mustang Mach-E has famous a file lead to September (5,872 gross sales) and it is anticipated that This fall ought to deliver robust year-over-year development as properly.

Time will inform whether or not the Ford Mustang Mach-E will stay the second hottest all-electric crossover/SUV within the nation, after the Tesla Mannequin Y.

In the meantime, the “gross inventory” amounted to twenty,400 items (in comparison with 20,500 a month in the past), indicating comparatively good availability of the mannequin.

The manufacturing of the Ford Mustang Mach-E in Mexico elevated to 11,716 items in September. Greater than 76,000 items had been produced to this point this yr (up 40 % year-over-year, regardless of the January-February pause).

For reference, in 2022, the manufacturing of the Ford Mustang Mach-E in Mexico amounted to 77,959. In November 2022, Ford celebrated the production of the 150,000th Mach-E. Now, the cumulative quantity is above 225,000.

As we wrote beforehand, the corporate supposed to extend the manufacturing charge to 210,000 items yearly (for world markets) by the tip of 2023. However, considering the recent pushback on production targets, we aren’t so certain if it is nonetheless doable.

Ford E-Transit

Gross sales of the Ford E-Transit van in September amounted to 937 items (up 109 % year-over-year). That is a brand new file. The year-to-date quantity amounted to five,529 (up 26 % year-over-year).

Ford guarantees a rise in E-Transit manufacturing on the Kansas Metropolis Meeting Plant. The company also launched a new, long-range version of the van.

Different plug-ins

Sadly, Ford doesn’t report gross sales of different plug-in fashions, just like the Ford Escape PHEV. Lincoln‘s PHEV gross sales weren’t revealed both.

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