Ford Sales -- Mixed But Better -- But EVs A Debacle -- May, 2023

Locator: 44841FORD. 
Locator: 44841EVS.  

 Updates

June 6, 2023: link here. But do you ever see anyone hauling anything in an F-150?

Original Post

GM:

Link here.

Ford -- all vehicles:

• y/y: up 10.7%
• y/y: from 154,461 to 170,933

Ford -- by vehicle:

• trucks: point of strength (again)
• up 31.6%; 98,000 units
• F-Series: 42.7% gain y/y
• F-150: soared nearly 50%; 
• the redesigned Super Duty, recently launched, up 33.9%
• F-150 Lightning (EV): 1,707 for the month
• SUVs: down nearly 10% in May
• up: Bronco Sport, redesigned Escape, Expedition
  
• down: EcoSport, Bronco, Mach-#, Edge, Explorer
  
• ICEs: up 11.1% in May
• hybrids: up 20.5%
• EVs DOWN 13% year-over-year
• ramping up plant production: Mustang Mach-E, F-150 Lightning.

Note: it's my understanding that for an EV to qualify for tax credits, it must be built in the US --

Mach-E production was down at Ford's Cuautitlan plant in Mexico for several weeks earlier this year while the company prepared to increase production there to 130,000 units this year. Mach-E output has risen steadily the last few months, according to production data released Friday, with more than 13,600 units assembled in May. Year to date, the plant has produced more than 33,000 Mach-Es.

Others, y/y:

• Honda: up 58.2%
• Hyundai: up 18%
• Toyota: 6%+

Cox Automotive estimate:

• y/y for the industry: 20.3%
• results higher than Cox estimate (but not reported in the article?)

Glut of new cars starting to be reported by US dealers. I was off by a year. I thought we would see this last summer. 

Ticker, one year:

Bud:

BRK-B:

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Tesla China

Link here.

U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles in May, a 2.4% jump from April.

On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures that impacted production.

Chinese rival BYD Co Ltd with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, logged sales of 239,092 vehicle in May, up 14% from April.