Ford Q1 U.S. Sales Down 1.3%
Ford Motor Co. reported a 1.3% decline in total U.S. sales for Q1, totaling 501,291 vehicles, down from 508,083 last year. This drop was attributed to rental fleet sales timing and the discontinuation of certain models. However, retail sales rose 5%, driven by a strong March. Electrified vehicle sales increased by 25.5%, while SUV and car sales fell by 16.7% and 31.6%, respectively. Truck sales grew by 15%.
Ford Motor Co. (F) reported that total U.S. sales for the first-quarter declined 1.3% to 501,291 vehicles from last year's 508,083 vehicles, mainly due to daily rental fleet sales timing and lost volume from the discontinuation of the Ford Edge and Transit Connect. But quarterly retail sales rose 5% driven higher by strong March results, which increased 19%.
Total electrified vehicle sales for the first quarter grew 25.5% to 73,623 vehicles from 58,644 vehicles in the prior year, led by a record start for hybrids and electric vehicles, up 33% and 12% respectively.
Quarterly SUVs sales declined 16.7% year-over-year to 201,527 units, cars sales also dropped 31.6% to 9,377 units from the prior year. But quarterly truck sales grew 15% to 290,387 units from the previous year.
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