A Ford Raptor pickup truck is displayed on the market at a Ford dealership on August 21, 2024 in Glendale, California.
Mario Tama | Getty Photos
DETROIT — Ford Motor’s U.S. car gross sales jumped 13.4% final month, led by will increase within the firm’s F-Sequence vans and hybrid fashions.
The Detroit automaker reported gross sales Thursday of practically 183,000 autos in August, together with a 12.3% improve in vans and a roughly 50% leap in hybrid autos in contrast with a yr earlier. Its all-electric car gross sales jumped 29% throughout that point, together with a notable rise in its F-150 Lightning pickup.
Regardless of the rise in electrified autos, conventional vehicles and vans with inner combustion engines nonetheless represented 86% of Ford’s gross sales final month.
Ford’s August gross sales outpaced general business estimates of a roughly 6% year-over-year improve from a yr earlier, in response to Barclays.
Regardless of steep costs and excessive rates of interest, U.S. auto gross sales have remained steady in 2024, however they are not as excessive as some anticipated to start the yr. Barclays on Thursday lowered its 2024 gross sales forecast from 16 million autos to fifteen.8 million, citing a 15.7 million gross sales tempo by August.
“While potential interest rate cuts may help affordability, so long as [manufacturers] aim to keep prices elevated, it will likely be difficult for [seasonally adjusted annual rate] to surpass the ~16.0mn level,” Barclay’s Dan Levy wrote Thursday in an investor word.
Ford’s U.S. gross sales by August have been up 4.3% to 1.4 million items.
Ford’s August gross sales weren’t the one double-digit will increase. Whereas not all automakers report month-to-month gross sales, the Hyundai model reported a 22% rise in gross sales final month in contrast with August 2023.
