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HomeMarketFord's EV Sales Double Again. F-150 Lightning Sales Slip.

Ford’s EV Sales Double Again. F-150 Lightning Sales Slip.

Ford delivered 146,364 vehicles in November, down about 8% from a year earlier.

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Brandon Bell/Getty Images

Ford Motor
is maintaining its electric-vehicle momentum even as the company, and the U.S. auto industry, struggles to build enough cars to meet demand.

Ford (ticker: F) reported Friday that it delivered 6,255 EVs in November, up 102% from the 3,088 delivered in the same month of 2021. It’s the fifth consecutive month Ford EV sales have grown at a triple-digit rate.

EV sales included 3,539 Mustang Mach Es and 2,062 all-electric Ford F-150 Lightning pickup trucks. Mustang sales jumped about 16% from October. F-150 Lightning sales, however, were down about 15% from the 2,436 units delivered in October.

Ford is still ramping up production of the F-150 Lightning. The company started delivering the truck earlier in 2022 and November deliveries weren’t the first month-to-month fluctuation Ford has experienced. Ford has delivered 13,258 electric F-150s in 2022.

The company plans to be building the electric pickup trucks at a run rate of 150,000 units a year by 2023. That would be 12,500 a month. Ford said it has received enough orders to fill F-150 Lightning production slots through 2024.

Ford has delivered 53,752 EVs this year. That’s enough to make it the second-largest seller of EVs in America behind
Tesla
(TSLA).
Tesla
doesn’t report monthly delivery numbers, but it has delivered roughly 10 times Ford’s amount in the U.S. so far this year.

Overall, Ford delivered 146,364 vehicles in November, down about 8% year over year. The industry continues to face parts shortages and logistics delays, factors that have led to reduced inventories and higher prices for new vehicles in the U.S.

In September, Ford warned investors that it didn’t finish some 40,000 trucks and SUVs in the third quarter due to a lack of parts. That was a sign of similar struggles facing the entire industry.

Ford so far this year has delivered about 1,685,185 million vehicles in the U.S, down from 1,732,152 vehicles delivered over the same span of 2021.

Ford stock was off 1.5% in early trading Friday. The
S&P 500
was down 0.8% and the
Dow Jones Industrial Average
fell 0.6%.

Ford stock has fallen about 33% this year. A combination of rising interest rates and inflation has hit car-related stocks harder than most this year.

Write to Al Root at allen.root@dowjones.com

Credit: marketwatch.com

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