By Michael Elkins
Shares of Ford Motor Company (NYSE:F) are up 6.76% in mid-day trading on Tuesday after the company released its September sales and delivery numbers. According to the company report, Ford sold a total of 142,644 vehicles in September, 4,691 of which were electric.
Ford electric vehicle sales continue to outpace the segment, with sales up 197%. The auto maker’s share of the electric vehicle segment was up 3.1% over last year with a 7.0% share of the market.
Sales of Ford’s electric vehicles tripled over last year, with F-150 Lightning sales totaling 8,760 since its launch this year in June. The F-150 Lightning continues to be America’s best-selling electric pickup. The E-Transit was also America’s best-selling electric van in September. Mustang Mach-E sales increased 47.3 percent over last year.
Ford’s vice president of sales, distribution and trucks for Ford Blue, Andrew Frick commented, “Ford continued to see high-demand vehicles turning at record rates in September, while developing electric truck and van leadership and extending our overall truck leadership. Demand remains strong with new retail orders rapidly expanding. We are very pleased with the work from our dealers, employees, and the area’s first responders, as they are working tirelessly to recover in Florida from Hurricane Ian.”
Sales of Ford hybrid vehicles totaled 74,046 vehicles through September. Year-to-date sales of hybrid vehicles were up 22.6 percent over last year.