Ford's (F) March Numbers Show Growing EV Demand

Ford (NYSE: F) released March 2022 sales numbers achieving record electrified vehicle sales year-to-date. Ford’s EV sales expanded 37.9%. The company’s electrified vehicle conquest rate climbed to 51 percent – up 6 percentage points compared to last year.

“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales” commented Ford’s Andrew Frick, vice president, Sales, Distribution and Trucks. “Our newest products continue to turn at a record pace, as Bronco, Bronco Sport, Mustang Mach-E and Maverick had their best combined sales performance yet, with 33,398 vehicles sold. Ford is ready to deliver and positioned well for spring sales growth.”

Mustang Mach-E sales jumped 18.1 percent in March, with total sales of the Mustang family totaling 5,978. Mustang Mach-E is seeing strong customer demand for AWD, with about 72 percent of Mustang Mach-E retail sales sold with AWD systems. High-performance Mach-E GT represented 27 percent of Mach-E sales in March.

By Michael Elkins

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