Ford Motor's third-quarter U.S. new vehicle sales increased 7.7% compared to a year earlier, driven by increased sales of trucks across its lineup.
Sales of the F-150 lightning electric pickup were off about 46% during the quarter due to slower-than-expected demand and downtime at the plant.
The Detroit automaker on Wednesday reported a 15.3% increase in truck sales compared to a 5.1% decline in cars and sales of SUVS that were essentially flat. The automaker's sales of electric vehicles were up by 14.8% during the quarter to nearly 21,000 units. A vast majority of those sales were the Mustang Mach-E crossover, as sales of the F-150 lightning electric pickup were off about 46% during the quarter due to slower-than-expected demand and downtime at the plant.
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