2024

Hybrid

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Ford Motor Company (NYSE: F) showcased a <a aria-label="robust performance (opens in a new tab)" href="https://media.ford.com/content/fordmedia/fna/us/en/news/2024/04/03/ford-hybrids--evs--transit-set-records--q1-sales-top-industry--u.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">robust performance</a> in the first quarter of 2024, maintaining its position as America’s top truck seller. Sales increased 7%, outpacing the overall industry, with both Ford and Lincoln brands contributing to the growth. The Ford Maverick and Maverick Hybrid played a significant role in this success, recording their best quarter ever.</p> 
<h3 id="ford-s-hybrid-vehicle-sales-grew-42-in-q1">Ford’s Hybrid Vehicle Sales Grew 42% in Q1</h3> 
<p><a href="https://tokenist.com/three-ev-stocks-to-hold-long-term-as-market-gets-tough/" rel="dofollow" class="deco-link">Hybrid vehicle</a> sales saw a remarkable 42% rise, marking Ford’s strongest quarter in this segment. The Maverick Hybrid emerged as America’s top-selling hybrid truck, with sales jumping 77% year-over-year. Total hybrid sales for Q1 surged to 38,421 vehicles, supported by increasing customer preference for hybrid trucks and SUVs. The company anticipates continued growth as more F-150 hybrid units reach dealerships.</p> 
<p>Ford’s electric vehicle (<a href="https://tokenist.com/three-asian-ev-stocks-that-can-compete-with-tesla/" rel="dofollow" class="deco-link">EV</a>) venture also witnessed impressive gains, with EV sales up 86%, solidifying the company’s position as America’s second-leading EV brand.</p> 
<p>The Mustang Mach-E and F-150 Lightning posted strong sales figures, contributing to this success. Additionally, the Ford Transit, America’s best-selling van, recorded a 25% increase in sales. Ford brand SUVs had their best quarter ever, with total sales increasing 15% over the previous year, led by the Explorer, Escape, Bronco Sport, and Expedition models. Lincoln sales also saw a significant 31% upturn, driven by the Lincoln Nautilus and other models.</p> 
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<h3 id="ford-s-stock-price-sees-uptick-after-robust-q1-deliveries-report">Ford’s Stock Price Sees Uptick After Robust Q1 Deliveries Report</h3> 
<p>Following the announcement of Ford’s impressive Q1 deliveries, the company’s stock price showed positive movement.</p> 
<p>As of 10:06 AM EDT, Ford Motor Company’s stock price stood at $13.45, up 1.28% from the previous close of $13.28. The day’s <a href="https://tokenist.com/investing/range-trading/" rel="dofollow" class="deco-link">trading range</a> was between $13.23 and $13.57, reflecting investor optimism and active trading interest. With a market capitalization of $53.445 billion and a <a href="https://tokenist.com/investing/p-e-ratio/" class="deco-link">PE Ratio</a> (TTM) of 12.45, Ford’s valuation appears healthy compared to its earnings.</p> 
<p>The company’s commitment to shareholders is evident through its <a href="https://tokenist.com/investing/what-are-dividend-stocks/" rel="dofollow" class="deco-link">forward dividend</a> and yield of 0.60 (4.52%). The trading volume for the day was recorded at 9,466,969, with an average volume of 54,039,544, indicating strong investor interest in Ford’s stock.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Are you surprised by Ford’s Q1 delivery numbers? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/fords-hybrid-and-electric-vehicle-sales-surge-in-q1-driving-overall-growth/">Ford’s Hybrid and Electric Vehicle Sales Surge in Q1, Driving Overall Growth</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Ford’s Hybrid and Electric Vehicle Sales Surge in Q1, Driving Overall Growth

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