U.S. Stock Movement | Ford Motor rises over 1.5% against the trend, with Q3 electric vehicle sales soaring 30.2% year-on-year
On Wednesday, Ford Motor's stock price rose against the market trend, with the stock up more than 1.5% to $12.14 as of the time of writing. Driven by a significant increase in electric vehicle sales, the company's total sales in the third quarter reached 545,522 units, an increase of 8.2% year-on-year, marking the seventh consecutive month of sales growth, in line with Wall Street's previous expectations. Ford's quarterly sales in the electric vehicle sector soared 30.2% year-on-year, with the Mustang Mach-E seeing a remarkable increase of 50.7%, standing out the most. Sales of hybrid vehicles also grew by 14.7% year-on-year, setting a record for the third quarter. Meanwhile, sales of fuel vehicles also achieved a growth of 6.3%, demonstrating the overall product matrix's comprehensive strength. In the SUV product line, the Expedition performed impressively, with sales increasing by 47.4% year-on-year, setting the best record for the third quarter in nearly twenty years. Another core model, the F-Series pickup, continued to maintain strong momentum, with sales increasing by 4.7% to 207,732 units. So far this year, Ford has sold a total of 620,580 F-Series pickups, leading its closest competitor by as much as 170,000 units, solidifying its market dominance
According to Zhitong Finance APP, on Wednesday, Ford Motor (F.US) saw its stock price rise against the market trend, with the stock up over 1.5% as of the time of publication, priced at $12.14. Driven by a significant increase in electric vehicle sales, the company's total sales in the third quarter reached 545,522 units, an increase of 8.2% year-on-year, marking the seventh consecutive month of sales growth, in line with Wall Street's previous expectations.
Ford's quarterly sales in the electric vehicle sector surged 30.2% year-on-year, with the Mustang Mach-E seeing a remarkable increase of 50.7%, standing out the most. Sales of hybrid vehicles also grew by 14.7% year-on-year, setting a record for the third quarter. Meanwhile, sales of fuel vehicles also achieved a growth of 6.3%, demonstrating the comprehensive strength of the overall product matrix.
In the SUV product line, the Expedition performed impressively, with sales increasing by 47.4% year-on-year, setting the best record for the third quarter in nearly twenty years. Another core model, the F-Series pickup, continues to maintain strong momentum, with sales increasing by 4.7% year-on-year to 207,732 units. So far this year, Ford has sold a total of 620,580 F-Series pickups, leading its closest competitor by as much as 170,000 units, solidifying its market dominance
