November 2023 marks record-breaking month for Ford EV sales in US Market

November 2023 marks record-breaking month for Ford EV sales in US Market

The month of November this year became a landmark for Ford Motor Company in the realm of electric vehicles (EVs) as it marked a record-breaking month in terms of EV sales for the brand in the United States, thanks to unprecedented success of electric models like the Ford F-150 Lightning.

While there was a slight decline in overall Ford and Lincoln vehicle sales in November 2023, the American automaker’s electric lineup gave a remarkable performance. The EV sales of the brand increased 43 per cent year-over-year, signaling an impressive stride in the EV segment of the automobile market. The increasing sales of battery-powered vehicles also points to the ongoing shift in consumer preferences towards zero emission mobility.

According to released data, Ford’s BEV sales surged 43 per cent, culminating in an all-time high record of 8,958 units last month. The Ford F-150 Lightning pickup truck played a crucial role in this remarkable success story as it more than doubled its sales to hit the staggering mark of 4,393 units. In contrast, the Ford Mustang Mach-E recorded a commendable 21 per cent year-over-year jump with sales hitting 4,294 units. However, the Ford E-Transit experienced a setback, witnessing a 59 per cent fall to settle at 271 units in the same period.

Year-to-date (YTD) figures paint a picture of the automaker’s progress in the EV domain. The brand managed to sell more than 62,000 BEVs in the first eleven months of this year in its home market, marking a substantial 16 per cent increase compared to the previous year. Notably, the Ford F-150 Lightning pickup truck saw its sales surpassing 20,000 units. It may be noted here that the pickup truck’s YTD sales have already surpassed its entire 2023 sales.

Notwithstanding the aforementioned strides, there are some areas of concern for the company, notably the shortfall in achieving the initially targeted production rate for the F-150 Lightning and the challenges faced by the Mustang Mach-E in the highly competitive electric crossover/SUV segment. Production numbers for the Mustang Mach-E have declined significantly, which indicates the brand’s caution in managing stock levels amidst market dynamics.

Ford’s robust sales of EVs like the F-150 Lightning and Mustang Mach-E last month reflect increasing consumer interest in electric mobility. Yet, challenges persist in meeting production goals and tackling market competitors, requiring the brand to recalibrate of strategies to sustain growth amid these challenges.

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