EVs, big SUVs drive Ford third-quarter U.S. sales up 8.2%

Core Insights - Ford Motor reported a third-quarter sales increase of 8.2%, driven by electric vehicle (EV) and large SUV sales [1][2] - All-electric vehicle sales reached a record of over 30,600 units, marking a 30.2% increase compared to the previous year [1] - The sales of "electrified" vehicles, which include both EVs and hybrids, rose by 20% year-over-year [1] Sales Performance - Sales of Ford's SUVs increased nearly 10% during the quarter, with significant gains in larger SUVs and a 51% increase in Mustang Mach-E EV sales compared to the same period last year [2] - The third quarter is expected to set a record for EV sales, as consumers accelerated their purchases ahead of the expiration of federal EV incentives of up to $7,500 at the end of September [2] Market Outlook - Ford CEO Jim Farley indicated that EV sales might drop from an industry market share of approximately 10% to 12% this month to around 5% after the incentive program concludes [3]