Ford Reports May U.S. Vehicle Sales Down to 190,828 Units
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Ford reports total U.S. vehicle sales down to 190,828 units in May of this year, compared to 220,959 units last year, a decline of 13.6%. Ford reports May U.S. total electrified vehicles sold of 22,912, down 22.2% year-over-year, and internal combustion vehicle sales of 167,916, down 12.3% year-over-year.
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Analyst Views on F
Wall Street analysts forecast F stock price to fall
14 Analyst Rating
3 Buy
10 Hold
1 Sell
Hold
Current: 15.000
Low
11.00
Averages
13.65
High
16.00
Current: 15.000
Low
11.00
Averages
13.65
High
16.00
About F
Ford Motor Company develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The Company's segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit. The Ford Blue segment primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. The Ford Model e segment primarily includes the sale of its electric vehicles, service parts, accessories, and digital services for retail customers. The Ford Pro segment primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Its vehicle brands are Ford and Lincoln.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technological Innovation: The collaboration will leverage GM's Michigan battery labs to develop sodium-ion cells, which Peak Energy will integrate into its proprietary passively cooled storage systems, promising a 20% cost reduction and over 99% uptime, enhancing the reliability of energy storage solutions.
- Market Outlook: This initiative not only signifies GM's repurposing of battery technology but also indicates a diversified investment in the energy storage market, particularly in the area of EV battery recycling, thereby strengthening its competitive position in the industry.
- Investor Sentiment: On Stocktwits, retail sentiment around GM shifted from 'neutral' to 'bullish', reflecting investor optimism regarding GM's entry into the energy storage sector, with GM's stock gaining over 3% this year.
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- Cost Control Strategy: The development of sodium-ion batteries will reduce system complexity and cooling requirements, leading to lower upfront and operating costs; GM's battery VP stated that this technology will drive higher energy density, potentially outperforming existing lithium iron phosphate batteries in the future.
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- Profitability Goal Reaffirmed: Despite a $3.6 billion loss last year, Rivian plans to achieve unit production profitability with the R2, expecting to significantly reduce its burn rate once the new Georgia plant ramps up production.
- Market Competition Strategy: Priced around $50,000, the R2 SUV aims to compete with Tesla's Model Y and traditional automotive brands, as Rivian seeks to leverage its strong brand to attract non-EV customers and expand its market footprint.
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- Significant Market Potential: Ford Energy signed a five-year agreement with EDF power solutions to supply up to 4 GWh of DC BESS annually, with a total potential of 20 GWh over the contract term, indicating strong demand in the battery storage market.
- Notable Technological Advantage: Ford's licensing agreement with Chinese battery maker CATL is seen as a competitive edge, allowing it to carve out a space in the BESS market, with analysts projecting Ford Energy's valuation to reach $10 billion, boosting investor confidence.
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See More
