By Michael Elkins
Shares of Ford Motor Company (NYSE:F) are down 1.04% in early trading on Wednesday after the company released their sales numbers from the month of October. The American automaker reported 158,327 vehicles sold, 6,261 of which were electric models.
According to data released by the company, Ford's October share of the electric vehicle segment was up 2.2 percentage points over last year with 8.9 percent share. The company ranks number 2 in EV sales behind Tesla (NASDAQ:TSLA). Ford sales of electric trucks, including Lightning and E-Transit, totaled 3,206 — up 35.4% compared to September.
F-150 Lightning continues as America's best-selling electric truck with sales of 2,436, its best monthly sales performance since its introduction this year. Ford's E-Transit climbed 71.5% compared to September on sales of 770 vans. Mustang Mach-E sales grew 7.3 percent over last year on sales of 3,055.
"Ford continues to see strong demand for its vehicles, with orders for '23MY vehicles up 134 percent over this time last year. The all-new Super Duty saw a record 52,000 orders in just five days. The F-Series continued as America's No. 1 truck, expanding its lead over our second-place competitor to more than 100,000 trucks this year. We doubled our electric vehicle sales. F-150 Lightning had its best monthly sales performance since launch." — Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue
The company also reported that Ford's BlueCruise and Lincoln ActiveGlide technology now has more than 97,000 customers enrolled. It has accumulated more than 28 million hands-free miles with a network of over 130,000 Blue Zone miles across North America.