Ford Motor Co (NYSE: F) on Wednesday reported a sequential bounce in Mustang Mach-E sales in March, even as gas-driven versions of the cars dropped appreciably amid semiconductor shortages and production halts.

What Happened: The Dearborn, Michigan-centered corporation marketed 2,363 Mach-Es in March, a jump of about 18% more than February but a decrease of 10% yr-on-calendar year.

Ford began selling the Mach-E, its first all-electric crossover, in December 2020. At the time, the automaker sold just a few units of the design.

For the very first quarter of 2022, Ford sold 6,734 Mach-Es, 1.8% better than a 12 months previously. Gross sales, however, fell 18.7% from the fourth quarter of 2021.

The Mustang Mach-E competes with Tesla Inc’s (NASDAQ: TSLA) Model Y compact crossover.

See Also: Ford Mustang Mach-E Profits Almost Halve In February, Mark Even bigger Fall Than Gas-Driven Edition

Gasoline Model Sales: Ford’s legendary gasoline-powered Mustang income arrived in at 3,615 models in March, a drop of 50.5% calendar year-on-yr and 23% from the preceding month.

For the first quarter, Ford sold 13,986 fuel-driven Mustangs, a 19% drop from a 12 months before, but 23.2% greater on a sequential foundation.

Ford now helps make the Mach-E for the U.S. and European markets at a plant in Mexico and recently started delivering regionally built styles in China.

The legacy automaker is envisioned to start off professional output of the F-150 Lightning — the electric version of its very best-providing truck in the spring. 

Ford experienced previous thirty day period break up its EV and inside combustion firms as it looked to enhance profit margins and enhance operational effectiveness.

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Cost Motion: Ford inventory shut .06% greater at $16.6 a share on Monday.

Picture courtesy: Ford

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