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Ford Motor (F) Q1 sales

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A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid

Brendan Mcdermid | Reuters

DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series pickups and Bronco SUVs.

The Detroit automaker sold 475,906 vehicles during the first three months of the year, up 10.1% compared to subdued levels a year earlier due to supply chain problems.

Sales of Ford’s trucks increased by nearly 20%, while car sales were up by 5.1% and SUVs increased by less than 1%. Sales of Ford’s EVs increased by 41%. However, they only amounted to less than 10,900 vehicles, or about 2.3% of its quarterly sales.

This is a developing story. Please check back for additional updates.

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