In May, the combined sales of Ford and Lincoln vehicles in the United States demonstrated a noteworthy increase, indicating a positive trend for the automotive group. With a year-over-year growth of 10.7 percent, the total sales reached 170,933 units. Moreover, the group’s performance for the first five months of the year showcased an encouraging 8.8 percent increase, with a total of 830,841 vehicles sold.
Breaking down the sales figures for May and the year-to-date results, we observe the following:
- Ford sales for May: 164,430 units, indicating a substantial 12.0 percent increase compared to the previous year.
- Ford sales year-to-date: The cumulative sales for the first five months reached an impressive figure of 798,721 units, representing a 9.8 percent increase over the same period last year.
- Lincoln sales for May: The luxury brand experienced a decline of 14.4 percent, with sales amounting to 6,503 units.
- Lincoln sales year-to-date: The total sales for the first five months of the year stood at 32,120 units, demonstrating a decrease of 10.8 percent.
Considering the performance of Ford’s battery electric vehicles (BEVs) in May, there was a slight decline compared to the previous year. BEV sales for the month reached 5,444 units, reflecting a decrease of 13 percent. However, this dip can be attributed to the unfortunate production shutdown of the Ford F-150 Lightning due to a battery recall and the upgrade of the Ford Mustang Mach-E’s manufacturing facility in Mexico.
The good news is that the company is now ramping up production and sales once again. The BEV sales have shown a positive trajectory, rising from 2,096 units in March to 3,499 units in April, and eventually reaching 5,444 units in May. As we move into June, it is anticipated that we will witness a year-over-year growth once more.
The breakdown of Ford’s BEV sales in the US for May 2023 is as follows:
- Ford Mustang Mach-E: Sales of the Mustang Mach-E experienced a decline of 44 percent compared to the previous year, with 2,917 units sold.
- Ford F-150 Lightning: Sales of the F-150 Lightning witnessed a remarkable increase of 749 percent year-over-year, reaching a total of 1,707 units.
- Ford E-Transit: Although sales of the E-Transit declined by 6 percent year-over-year, the performance was still commendable, with 820 units sold.
- Total BEV sales: Despite a 13 percent year-over-year decrease, the total BEV sales for May amounted to 5,444 units, with BEVs representing 3.3 percent of the overall market share.
Looking at the year-to-date figures for BEV sales in 2023, we observe the following:
- Ford Mustang Mach-E: Sales of the Mustang Mach-E reached 9,930 units, reflecting a decline of 37 percent compared to the previous year.
- Ford F-150 Lightning: The F-150 Lightning achieved remarkable growth, with sales skyrocketing by 1,498 percent and reaching 7,333 units.
- Ford E-Transit: The E-Transit witnessed a modest increase of 4 percent year-over-year, with 2,546 units sold.
- Total BEV sales year-to-date: The cumulative sales for the first five months of the year amounted to 19,809 units, representing a 6 percent increase. BEVs accounted for 2.5 percent of the overall market share.
