Ford Registers 27.3% Growth In August US Sales

Ford Motor Co F said its U.S. vehicle sales for the month of August 2022 increased 27.3% year-on-year to 158,088 units.
Retail sales for August rose 29.7% versus the same period a year ago.
Electric Vehicle sales jumped 307.3%, SUV grew 47.7%, and Truck climbed 13.2%.
Ford's year-to-date sales declined 0.2% Y/Y to 1.237 million units.
Also Read: Why Ford Stock Looks Set To Bounce Despite Massive Vehicle Recall
Ford said its total market share increased 2.4 percentage points from August of last year to its current level of 13.4% for the month.
"Ford's overall electric vehicle portfolio expanded four--fold in August, while conquesting from competitors at a rate over 60 percent," said Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue.
Price Action: F shares are trading higher by 2.17% at $15.53 on the last check Friday.
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