Ford’s BEV sales increase roughly 22% in U.S. in February 2023

Ford’s BEV sales increase roughly 22% in U.S. in February 2023

Dearborn, Michigan-headquartered automobile giant Ford Motor Company and its luxury brand Lincoln enjoyed a notable jump of around 22 per cent in their US sales last month, indicating that the company’s manufacturing constraints have eased.

Releasing sales data for the month of February, Ford said that it and its luxury brand increased by around 21.9 per cent year-over-year to 157,606 units. Ford sales jumped 2 per cent to 151,447 units in February, while year-to-date (YTD) sales grew 11.8 per cent to 291,995 units.

Lincoln sales grew 4 per cent to settle at 6,159 units in February, 2.6 per cent YTD to settle at 11,967. Thus, the company’s total sales settled at 157,606 units in February and 303,962 units YTD.

When it comes to battery electric vehicles (BEVs), Ford sold 3,523 units in February, up 68 per cent year-over-year. The figure represents a year-over-year growth of 2.2 per cent.

However, it is the lowest monthly level since March 2022, which indicates to some worrying signs related to the company’s production. The company’s BEV lineup includes three models, viz. the Ford Mustang Mach-E, the Ford F-150 Lightning e-pickup, and all-electric Ford E-Transit commercial van.

More precisely, the company’s U.S. sales in February 2023 includes 1,783 units of the Mustang Mach-E (down 11 per cent), 1,336 units of the Ford F-150 Lightning pickup truck (up 3,007 per cent), and 404 units of the Ford E-Transit (up 677 per cent). Total sales jumped 68 per cent to 3,523 units, accounting for 2.3 per cent of the market.

YTD sales of BEVs includes 4,409 units of the Ford Mustang Mach-E (up 1 per cent), 3,600 units of the Ford F-150 Lightning (up 3,296 per cent), and 761 units of the Ford E-Transit (up 301 per cent). Total YTD BEV sales settled at 8,770 units, up 88 per cent with 3.0 per cent of market share.

A deeper analysis of the available data also shows that the production of the Ford Mustang Mach-E is on the downside. After zero in the month of January, Ford produced only 360 units of the Mach-E in February. However, we guess that the production of the mach-E will increase in coming months as the company’s Mexican plant, which produces the electric SUV, is being upgraded to apply some changes and increase volume.

Business News: