Ford Motor Co.’s U.S.
sales grew less than 1% year-over-year in the third quarter, and General Motors Co. overtook it in electric vehicle sales. Ford sold 504,039 vehicles in the July-through-September quarter, up 0.
7%, compared to last year’s 500,504 vehicles. Hybrid sales grew by 38%, and EVs were up 12%, while gas- and diesel-fueled vehicles that account for 86% of the automaker’s sales fell by 2.8%.
Luxury brand Lincoln’s sales rose 26% year-over-year. Ford added 147,831 sales in September, down 11% from a year ago’s 165,565 sales for that month. Through the first nine months of the year, the automaker sold 1.
548 million vehicles, up 2.7% from the same period of 2023. EV sales are on a pace for a record annual run at the automaker, but the 23,509 EVs sold represented a 12% quarterly increase, which was smaller than the first quarter’s 86% improvement and the second’s 61%.
Although GM sales decreased 2% in the third quarter , EV sales grew 60% year-over-year to 32,195. GM now leads Ford in EV sales for 2024, 70,550 deliveries to 67,689. Ford, however, is putting up a fight for the No.
2 spot behind EV leader Tesla Inc. This week, it launched a new “Power Promise” campaign, offering to pay for a home charger and its installation for buyers of a new EV through the end of the year. “Different lifestyles and use cases require unique types of power,” Andrew Frick, president of Ford Blue, the automaker’s internal combustion engine and hybrid division, .
