BREAKING NEWS
This content is not available in your region

Ford quarterly U.S. auto sales rise on strong SUV, EV demand

Access to the comments Comments
By Reuters
Ford quarterly U.S. auto sales rise on strong SUV, EV demand
Ford quarterly U.S. auto sales rise on strong SUV, EV demand   -   Copyright  Thomson Reuters 2021
Text size Aa Aa

– Ford Motor Co’s U.S. auto sales in the second quarter rose 9.6% to 475,327 units, benefiting from strong SUV and EV demand in June, the No.2 U.S. automaker said on Friday.

The company posted a 117% rise in U.S. electric and hybrid vehicle sales for June. Ford-branded SUV sales rose 37% in June while its Lincoln SUV sales increased 23.3%.

Ford sold 12,975 units of its Mustang Mach-E SUV in the first six months of this year. The company is poised to launch the electric version of its best-selling F-150 pickup in 2022.

Automakers in the United States are benefiting from strong demand as consumers opt for personal transport during the COVID-19 pandemic. Low interest rates and government stimulus are also helping drive sales.

However, supply has been constrained due to a global semiconductor shortage.

“With constrained inventories and record turn rates in the second quarter, we have been working closely with our dealers gathering retail orders, which are up 16-fold over last year,” Ford said in a statement.

General Motors Co reported on Thursday its U.S. auto sales jumped to 688,236 vehicles in the quarter.