Ford: US sales up slightly in September

(CercleFinance.com) - Ford announced on Wednesday a small 0.
7% increase in new vehicle sales in September in the US, mainly driven by deliveries of hybrids and pick-ups.

The second-largest US automaker behind GM said it sold 504,039 units last month, compared with 500,504 in September 2023.039 units last month, compared with 500,504 in September 2023.

While sales of internal combustion engine cars fell by 2.8% to 432,429, sales of electric vehicles rose by 12.2% y-o-y, although they still only accounted for 23.509 models sold over the month.

In the hybrid segment, sales climbed 38% to 48,101 units.

In terms of categories, SUV sales fell by 5.6% to 202,988, while pick-up sales rose by 6% to 292,010, largely thanks to the success of the Ranger.

At around 9:40 a.m. (New York time), Ford shares were down over 2.4%, while the S&P 500 was down 0.6% at the same time.

For the first nine months of the year, sales in the US were up 2.7% to nearly 1.55 million units.


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