Ford's May US Sales Increase 10.7%; EV Sales Slump 13%

by Shivani Kumaresan, Benzinga Staff Writer

June 2, 2023 10:58 AM | 1 min read | Make a Comment

Ford Motor Co's F U.S. sales for the month of May 2023 increased 10.7% year-on-year to 170,933 vehicles.
Sales of electric vehicles declined 13%, whereas Hybrid vehicles jumped 20.5%.
Internal combustion sales rose 11.1% to 154,774 vehicles.
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Year-to-date sales of the automaker increased 8.8% to 830,841 vehicles.
Ford's first-quarter revenue increased 20% year-over-year to $41.5 billion, which beat consensus estimates of $36.03 billion.
Also See: Ford Hits Blue Cross Blue Shield With Anti-Trust Lawsuit — Alleges 'Conspiracy'
Price Action: F shares are trading higher by 2.60% at $12.43 on the last check Friday.