Ford U.S. sales rise 11 percent in May

CHICAGO, June 4 (Xinhua) -- Ford Motor Company announced on Tuesday it sold 190,014 vehicles in the United States in May this year, up 11.2 percent year on year.

To be specific, Ford's electric vehicle (EV) sales totaled 8,966 units, up 64.7 percent; hybrid sales totaled 17,631 units, up 64.5 percent; internal combustion sales totaled 163,417 units, up 5.6 percent; truck sales increased 11.2 percent to 109,143 units; SUV sales increased 9.4 percent to 75,697 units; and car sales increased 45.4 percent to 5,174 units.

Ford's sales of Mustang Mach-E SUV sales rose 46 percent, F-150 Lightning deliveries were up 91 percent, and E-Transit sales increased by 77 percent.

Year to date, the U.S. automaker sold 877,685 vehicles in the first five months, up 5.6 percent year on year. This includes 37,208 EV sales, up 87.8 percent year on year; 74,049 hybrid vehicles, up 50.9 percent; and 766,428 internal combustion vehicles, up 0.6 percent.

Across the auto industry, increased inventory levels and additional incentives for sales are balancing against elevated vehicle prices and high interest rates, the Detroit News reported Tuesday.

At the end of May, new-car inventory in U.S. auto was 76 days, 23 days higher than a year ago. Incentives are running nearly twice the level seen a year ago.

Cox Automotive Inc. forecasts a 3.5-percent increase in U.S. auto sales in May compared to May 2023.

For other automakers, Honda Motor Co. Ltd.'s U.S. sales rose 6.4 percent year on year in May, Subaru Corp.'s U.S. sales increased 7 percent, and Volvo's sales grew 10 percent.