By Michael Elkins
Ford Motor Company (NYSE:F) reported their August sales numbers Friday with electric vehicles expanding “four-fold” over a year ago, growing almost four times faster than the EV segment. August sales of electric vehicles were up 307%, while gas engine vehicles climbed 24.7%.
Ford’s F-Series is not only America’s best-selling truck this month, but also the best-selling electric and hybrid truck. Ford F-Series sales expanded its lead, with 420,969 trucks sold through August.
“F-Series was America’s best-selling truck, best-selling hybrid truck and bestselling electric truck with F-150 Lightning in August”, said Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue. “Ford’s overall electric vehicle portfolio expanded four-fold in August, while conquesting from competitors at a rate over 60 percent. The all-new electric F-150 Lightning had its best month since launch, while sales of our gas engine lineup grew 25%, electric vehicles 307% and hybrids achieved a new August sales record with 7,302 vehicles sold.”
Sales of Ford hybrids hit a new August sales record, with 7,302 vehicles sold – a 9.0% increase over a year ago. Ford’s share of the hybrid vehicle segment grew 3.3% over last year to 13.0% year-to-date, placing Ford second to only Toyota this year in hybrid vehicle sales.