Ford July Sales Plunge 10% as EV Deliveries Crash 75%
F sits 30% above its 52-week low of $10.86 on light trading volume (0.1× avg).
Summary
Ford's July U.S. sales fell 10% year-over-year, driven by a 75% collapse in fully electric vehicle deliveries. Hybrids dropped 25%, while non-electric sales slipped 5.2%. Year-to-date, electrified vehicle sales are down 31%, with the Escape and Mustang Mach-E posting declines of 72% and 50%, respectively. This follows Ford's Q2 report where it raised full-year adjusted EBIT guidance to $10–$11 billion despite a net loss, but the sharp EV sales deterioration raises questions about the near-term trajectory of its electrification push. The Explorer's 18% growth provides a partial offset, but the overall sales weakness could pressure the stock given the recent rally tied to energy-storage optimism.
At the time of this announcement, F was trading at $14.12 on NYSE in the Manufacturing sector, with a market capitalization of approximately $56.3B. The 52-week trading range was $10.86 to $17.78. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.