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Ford’s March Numbers Show Growing EV Demand -Breaking

by Mike Robinson

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© Reuters. UPDATE: Ford’s (F) March Numbers Present Rising EV Demand

Ford (NYSE:) launched March 2022 gross sales numbers reaching document electrified car gross sales year-to-date. Ford’s EV gross sales expanded 37.9%. The corporate’s electrified car conquest fee climbed to 51 p.c, up 6 proportion factors in comparison with final yr.

“Whereas the worldwide semiconductor chip scarcity continues to create challenges, we noticed enchancment in March gross sales,” commented Fords Andrew Frick, vp, Gross sales, Distribution and Vehicles. “Our latest merchandise proceed to show at a document tempo, as Bronco, Bronco Sport, Mustang Mach-E and Maverick had their best-combined gross sales efficiency but, with 33,398 automobiles offered. Ford is able to ship and positioned nicely for spring gross sales development.”

Mustang Mach-E gross sales jumped 18.1 p.c in March, with complete gross sales of the Mustang household totaling 5,978. Mustang Mach-E is seeing sturdy buyer demand for AWD, with about 72 p.c of Mustang Mach-E retail gross sales offered with AWD techniques. Excessive-performance Mach-E GT represented 27 p.c of Mach-E gross sales in March.

By Michael Elkins

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