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Ford Motor Co (NYSE:F) is trading higher Thursday morning after the company released its vehicle sales results for May.
Ford News: Ford announced a new electrified vehicle sales record as it saw electrified vehicle sales grow 184% in May.
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Overall F-Series sales through May were up 4.7%, while Ford brand SUVs posted the best May sales results since 2003.
Related Link: Car Wars: Ford Analyst Raises Price Target, Praises Product Pipeline
“Ford sales were up 4.1 percent on tight inventories, while year-to-date sales increased 11.3 percent. Ford and its dealers are working harder than ever to match the right mix of inventory to best meet the needs of our customers at the local level," said Andrew Frick, vice president of Ford Sales.
See also: How To Buy Apple Stock
Frick also noted it has had over 70,000 reservations for its F-150 Lightning over the past two weeks.
Price Action: Ford is making new 52-week highs. At last check Thursday, the stock was up 3.39% at $15.42.
Photo courtesy of Ford.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.