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Wednesday, 03 August 2022 11:29

Ford’s July Sales Up 37% Compared to Same Month a Year Ago

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On improved inventory flow, Ford for the second month in a row is the only major automaker to produce sales gains, as its July sales grew 36.6% vs. an industry down 10.5%.

“Ford was America’s best-selling brand in July powered by strong demand across our lineup," said Andrew Frick, vice president, sales, distribution and trucks, Ford Blue. "Our overall sales rose 37% in July and electric vehicle sales grew at three times the rate of the EV segment. F-Series hit the 60,000-truck mark for the first time this year, with our all-new electric F-150 Lightning having its best sales month yet. Ford SUVs were up 70%, while E-Transit leads the electric van space with 95% of the electric van segment.”

 

Ford total market share hit 13.9%---up 1.0 percentage point from June and 4.8 percentage points over a year ago. Gains come from higher EV sales and share, F-Series and high-end large SUVs.

 

Ford electric vehicle sales were up 168.7%. With Mustang Mach-E up 74.1%, F-150 Lightning delivering its best-month since launch and E-Transit’s dominant share position, Ford grew more than three times the rate of the overall electric vehicle segment in July.

 

Sales of Ford Hybrid vehicles continue to climb, increasing 35.3% in July, placing the Ford brand second in hybrid vehicle sales to only Toyota. F-150 Hybrid sales totaled 4,364 vehicles, while Maverick Hybrid sales totaled 2,153 trucks.

 

To date, 66,500 customers have purchased Ford’s BlueCruise hands-free driver-assist technology. Ford is expanding BlueCruise through Power-Up software updates, adding nearly 15,000 2021 F-150 and Mustang Mach-E customers in July, with another 35,000 in process. Ford BlueCruise customers accumulated 11.4 million miles of hands-free highway driving since July 2021.

 

For the fourth straight month, Ford reported a record pace of just over 50% of retail sales coming from previously placed orders. Meanwhile, on Aug. 2, retail order banks re-opened for...


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