Ford’s October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
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DETROIT — Ford Motor on Monday reported a 15.2% enlarge in U.S. contemporary autos gross sales in October when compared with subdued ranges attributable to a union strike in October 2023.
The three hundred and sixty five days-over-three hundred and sixty five days gross sales enlarge was led by a 29.2% enchancment in gross sales of Ford’s trucks, that were amongst the major autos plagued by the United Auto Workers’ strike during contentious contract negotiations in 2023.
Ford acknowledged its total U.S. market half elevated 0.6 share parts to 12.6% in October. The automaker’s gross sales accomplish outpaced the trade’s estimated enlarge of 10% in October when compared with a three hundred and sixty five days earlier.
Gross sales of hybrid autos, which Ford has been emphasizing amid a slower-than-anticipated adoption of electrical autos, were up 38.5% in October when compared with October 2023, Ford acknowledged. Its EV gross sales were down by 8.3%, whereas gross sales of old autos with inner combustion engines were up 14.1%.
Ford’s EV gross sales remain up 38.2% for the three hundred and sixty five days thru October when compared with the same timeframe in 2023.
The October gross sales decline for EVs comes days after the firm confirmed plans to indolent production of its all-electrical F-150 Lightning from Nov. 18 till Jan. 6, including previously planned vacation downtime at the end of the three hundred and sixty five days.
Ford’s U.S. gross sales thru October were up 3.8% to extra than 1.7 million autos sold.