Thursday, January 5, 2023

Ford -- January 5, 2023

From IBD:

Q4 sales estimate: 466,447 vehicles, down 7.5% year over year.

Full-year 2022 sales estimate: 1,837,603 vehicles, down 2.9% vs. 2021.

Results: Ford reportedly sold more than 1.9 million vehicles in 2022, down 2.2%. A monthly sales release Thursday showed that total December sales increased 3.2% but retail sales fell 2.3%. The release did not provide sales totals for the year or fourth quarter.

Previously on Tuesday, Ford announced that the F-Series trucks retained the title of America's bestselling vehicle in 2022 for the 41st year. Ford said Thursday it sold 653,957 F-Series trucks in 2022, capped off by a strong December with 75,076 trucks sold.

Full-year EV sales hit a record 61,575 units, making Ford the No. 2 EV maker in America behind Tesla, Thursday's sales release said. Ford EV sales vaulted 223% in December and soared 126% in 2022, the release added. Ford touted a strong sales performance for the fully electric F-150 Lightning truck, Mustang Mach-E SUV and E-Transit vans.

From CNBC:

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