Ford April vehicle sales jumped to nearly 200,000, as EV sales soared nearly fourfold

MW Ford April vehicle sales jumped to nearly 200,000, as EV sales soared nearly fourfold

Ford Motor Co. $(F)$ said Tuesday that total U.S. April vehicle sales rose 64.8% from a year ago to 197,813 vehicles, boosted by a near fourfold rise in electric vehicle $(EV)$ sales. April retail sales were 57.1% above 2020 results, but were also 23.7% above pre-pandemic April 2019 results. EV sales rose 262% to a monthly record of 11,172 vehicles, representing 5.6% of total vehicles sold, amid new product offerings. Total April truck sales grew 47.5% to 97,054 vehicles, SUV sales surged 119.8% to 90,383 vehicles and car sales dropped 20.9% to 10,376 vehicles. Transaction pricing in April rose to a record $43,600 per vehicle. Ford's stock, which slipped 0.6% in premarket trading, has rallied 32.3% year to date through Monday, while shares or rival General Motors Co. $(GM)$ have hiked up 37.3% and the S&P 500 has gained 11.6%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

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May 04, 2021 09:29 ET (13:29 GMT)

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