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Yahoo
6 days ago
- Automotive
- Yahoo
The electric Hummer is almost outselling the F-150 Lightning
General Motors sold 4,508 electric Hummer trucks and SUVs in the second quarter in the U.S., putting it close to Ford's F-150 Lightning despite a price gap in the tens of thousands of dollars. The Hummer sales were part of a banner quarter for GM's electric vehicles, making it one of the only automakers that saw a genuine year-over-year uptick in U.S. EV sales, according to data released Tuesday. The company sold 17,420 electric Equinox SUVs, 3,056 electric Silverado pickups, 6,549 Blazer EVs, 1,810 Escalade IQ EVs, and 1,524 electric GMC Sierra trucks. GM even got a boost from its commercial EV division, BrightDrop, which sold 1,318 of its electric vans during the three-month period, up from 490 last year. Overall, GM's EV sales for the quarter were up 111% despite phasing out the Bolt EV and EUV — although that increase was driven in part by the fact that many of these models were either brand new or not on sale in the second quarter of 2024. That stands in contrast to how almost ever other automaker that sells EVs fared in Q2, at least based on data released so far. Rival Ford saw a 31% drop in U.S. sales of electric vehicles in the second quarter of 2025, led by a collapse of E-Transit vans and declining popularity of the F-150 Lightning. At the same time, sales of its hybrid vehicles jumped more than 23% compared to last year. Halfway through the year, Ford has sold just 38,988 electric vehicles total — down nearly 12% from where Ford's EV sales stood at the same point in 2024. That's despite overall sales being up, thanks in part to the company's aggressive employee pricing promotion in the face of automotive tariffs. After a few years of growth, it's now a challenging time for EV sales in the U.S., as the Trump administration threatens to take away federal tax incentives and other related subsidies. Even Hyundai, which has found success with its electric vehicles in the U.S., reported Tuesday that sales of its Ioniq 5 and Ioniq 6 EVs fell 12% and 8%, respectively, compared to the same period last year. Kia had even worse drops in sales of its EV9 and EV6. Tesla is expected to release similarly grim quarterly sales on Wednesday. Ford saw a nearly 20% year-over-year drop in Mustang Mach-E sales in the second quarter, down to 10,178 units sold. It sold just 5,842 F-150 Lightnings, a 26% decline. And Ford only sold 418 E-Transit vans, down from 3,410 in the second quarter of 2024. (The company told TechCrunch that E-Transit sales were down as a result of larger fleet orders being placed in the first quarter.) President Trump spent the first few months of his second term promising tariffs on the automotive sector, which mostly drove up sales as buyers tried to get ahead of price increases. But that momentum has not lasted for Ford's EVs, which are getting long in the tooth. The Mustang Mach-E first went on sale in late 2020, and the F-150 Lightning hit the market in the middle of 2022. Ford is working on a lower-cost set of EVs, starting with a small truck, but that won't be sold until 2027. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
6 days ago
- Automotive
- TechCrunch
Ford EV sales fall 31% while hybrids rise
Ford saw a 31% drop in U.S. sales of electric vehicles in the second quarter of 2025, led by a collapse of E-Transit vans and declining popularity of the F-150 Lightning. At the same time, hybrid sales jumped more than 23% compared to last year. Halfway through the year, and the company has sold just 38,988 electric vehicles — down nearly 12% from where Ford's EV sales stood at the same point in 2024. That's despite overall sales being up, thanks in part to the company's aggressive employee pricing promotion in the face of automotive tariffs. After a few years of growth, it's now a challenging time for EV sales in the U.S., as the Trump administration threatens to take away federal tax incentives and other related subsidies. Even Hyundai, which has found success with its electric vehicles in the U.S., reported Tuesday that sales of its Ioniq 5 and Ioniq 6 EVs fell 12% and 8%, respectively, compared to the same period last year. Kia had even worse drops in sales of its EV9 and EV6. Ford saw a nearly 20% year-over-year drop in Mustang Mach-E sales in the second quarter, down to 10,178 units sold. It sold just 5,842 F-150 Lightnings, a 26% decline. And Ford only sold 418 E-Transit vans, down from 3,410 in the second quarter of 2024. (The company told TechCrunch that E-Transit sales were down as a result of larger fleet orders being placed in the first quarter.) President Trump spent the first few months of his second term promising tariffs on the automotive sector, which mostly drove up sales as buyers tried to get ahead of price increases. But that momentum has not lasted for Ford's EVs, which are getting long in the tooth. The Mustang Mach-E first went on sale in late 2020, and the F-150 Lightning hit the market in the middle of 2022. Ford is working on a lower-cost set of EVs, starting with a small truck, but that won't be sold until 2027.
USA Today
14-06-2025
- Automotive
- USA Today
General Motors touts major leap in EV sales ahead of quarterly report
General Motors touts major leap in EV sales ahead of quarterly report Show Caption Hide Caption General Motors: History, innovation, and legacy Learn about the rich history and notable innovations of General Motors, from its founding in 1908 to its leadership in electric and autonomous vehicle technology. In addition to doubling electric vehicle sales within the first six months of 2025, GM said its share of the electric vehicle market doubled. GM has reported several production changes to electric vehicle manufacturing this year, often citing 'marketplace changes.' General Motors slightly more than doubled electric vehicle sales this year compared with the first five months of 2024, which the company said outstripped the industry average for that time period. The Detroit automaker broke with its traditional quarterly sales release cycle to report trucks and SUVs from its Chevrolet brand largely drove the difference. GM hasn't reported vehicle sales on a monthly basis since March 2018. Across all brands, GM sold 62,830 electric vehicles from January to May of 2025, with the Chevrolet brand comprising 37,620 of those sales. Crosstown rival Ford Motor Co., the only Detroit Three automaker to still report monthly sales, during the same time period, sold 34,132 vehicles across its all-electric vehicle lineup, which currently includes the Mustang Mach-E, F-150 Lightning and the E-Transit van. While the high percentages seem impressive, a year-over-year comparison presents a low bar, said Sam Abuelsamid, vice president of market research at Telemetry. Not all of GM's EVs were on the market at the same period last year. The Chevrolet Blazer's stop-sale from software challenges lasted from December 2023 and ended in March 2024, and dealerships didn't receive Equinox vehicles until mid-summer 2024. Cadillac's Optiq and Vistiq vehicles rolled out just this year. Consumer sales of the Silverado EV also didn't pick up until May 2024 ― prior to that period, the vehicle appeared in only some fleet sales of the work truck configuration. 2025 Chevrolet Blazer EV: The new SS midsize SUV is the brand's fastest SS ever 'Sales have indeed grown substantially in the past 12 months, but modest increases yield big percentage changes when the numbers are small to begin with,' Abuelsamid said. 'It's a percentage bias and it's what we've been seeing in EV sales for a couple of years.' That isn't to say GM's EV growth spurt isn't still impressive. GM is a leader in the electric vehicle space, offering the broadest range of powertrains on the market, according to Alan Haig, president of dealership merger-and-acquisitions firm Haig Partners. In the firm's most recent industry report, Haig notes GM dealers see great future earnings potential across all four GM brands, which translates into stronger offers on GM dealerships when they go up for sale. Customers are pouring into dealership showrooms to check out the latest vehicles, Haig said in the report, and that demand then lifts all departments within the dealership. Sales of electric vehicles may be growing exponentially, but they still fall far short of the business the company does with gas-powered models. 'GM's in a really good spot right now. Their electric vehicles are selling well, but their (internal combustion vehicles) are selling better,' Haig told the Detroit Free Press. 'Sitting here today, most customers are choosing gas. And when that tax credit goes away, it's going to pull demand away from EVs even more.' Top-selling models Since the first 100 or so Chevrolet Equinox EVs arrived at dealerships last year, the vehicle has quickly become a top seller for the company's electric vehicle portfolio. Through the second quarter 2024, GM sold 1,013. Even without June sales figures, 21,804 electric Equinox vehicles sold in 2025. Scott Bell, vice president of global Chevrolet, said more than half of electric-vehicle sales volume this year came from customers new to General Motors. 'It's certainly the most affordable EV out there with that kind of range. It is by far the leader in the clubhouse — it doubles our Blazer volume easily on a monthly basis,' he said. 'Once you convert to an EV, you're not leaving. Especially once you've invested in the infrastructure, a home charger, 86% of them will stay.' 'Refocus on fossil fuels' Meanwhile, GM's electric vehicle sales success occurs amid growing concern that a shift to a broader electric vehicle portfolio could harm automakers' long-term profits. Bank of America analyst John Murphy said June 4 while presenting the annual 'Car Wars' report that he advised a retreat to gas-powered vehicle production to generate enough cash to protect against an uncertain market. Much of that uncertainty stems from the White House. In his second term, President Donald Trump has adopted several policies aimed at reducing clean energy incentives. His "Big, Beautiful" tax bill proposes to kill the electric vehicle tax credit by the end of this year and penalize hybrid and electric vehicle owners with annual fees to compensate for lost revenue customers would have paid in gas tax. Meanwhile, Trump's tariff plans continue to throw a wrench in the intricate multinational supply chain relied on by every automaker that builds and sells vehicles in the United States. Many automakers announced plans to adjust operations and footprints seeking to mitigate costs from tariffs on imported vehicles and auto parts. But not every Trump-backed initiative has drawn criticism from the industry. The auto sector rejoiced May 22 when the U.S. Senate voted to revoke California's emissions waivers that would ban the sale of new gasoline-powered cars and trucks by 2035. The week before, GM emailed thousands of its non-hourly employees requesting they use scripted talking points to lobby senators to veto the bill, the Wall Street Journal reported. 'Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability,' the message reportedly said. California, alongside 16 other states and the District of Columbia, would have required electric vehicle sales to comprise over one-third of all vehicles sold in their respective states, which industry leaders warned would result in a dramatic reduction of new vehicle sales in affected markets. Increasing the number of electric vehicles sold, industry leaders warned, would require automakers to send dealerships fewer gas-powered vehicles, limiting the supply of cars that dealerships know they could sell. Shifting production plans GM has reported several production changes to electric vehicle manufacturing this year, often citing 'marketplace changes.' GM said April 23 that it planned to expand transmission production at its Toledo (Ohio) Propulsions Systems plant where it builds transmissions used in the Silverado and Sierra pickup trucks, while reducing electric drive unit production. The company announced May 27 its largest-ever propulsion investment would be for gas-powered vehicles, $888 million, on next-generation V-8 engine production. Yet the company remains firm that it is not turning away from its zero-emissions objectives. In addition to doubling electric vehicle sales within the first six months of 2025, GM said its share of the electric vehicle market doubled as well. Even if the market isn't where GM planned for it to be when designing its electric portfolio, consumers shouldn't consider their production changes as a sign the company will abandon its EV goals. If nothing else, Haig said, the company has already spent so much to make sure it wouldn't be left behind once the market shifted in favor of more electrified options. 'GM has spent billions of dollars on these EV products, and they're second behind Tesla. They're trying to get a return on investment on all these products,' Haig said. 'But if the CARB mandate is eliminated, ultimately, they've got shareholders they need to answer to and they're making very strong profits on their trucks and SUVs.' Customer 'not ready' to go electric Despite numerous changes from electric vehicle production, GM still believes in an all-electric future, Barra also said during a Wall Street Journal event last week. A full electric vehicle transition depends entirely on what happens with the regulatory environment and national charging network ― the former outpacing GM customer demand, the latter falling behind on the infrastructure needed to improve confidence for vehicle buyers. 'The customer was telling us they weren't ready,' Barra said onstage at the Future of Everything conference in New York City, adding that regulations requiring 37% electric vehicle sales penetration greatly exceed the 7% of vehicles sold in April. 'I've been saying for a couple of years now that I thought the regulatory environment was getting in front of the customer, and I've always said that we needed one national standard,' she said. 'We have a portfolio, we're committed, but frankly, this was necessary for the customer.' Barra touted GM's recent investments in charging infrastructure, including partnerships with Pilot Flying J and Tesla Inc. GM is also relying on its dealership network to determine underserved areas that require more charging options. 'We've got to get a little further, and I think that we will,' Barra said. 'Every quarter, the infrastructure gets a little better.' Jackie Charniga covers General Motors for the Free Press. Reach her at jcharniga@
Miami Herald
10-06-2025
- Automotive
- Miami Herald
GM claims No. 2 spot in US electric vehicle sales
General Motors Co. topped crosstown rival Ford Motor Co. to take the No. 2 spot in U.S. electric vehicle sales for the first five months of 2025. The Detroit automaker announced 62,000 EVs sold this year through May. Chevrolet carried sales among the company's brands, with 37,000 sold in the United States in that same period. Ford sold 34,132 EVs through May, according to the company. That represents a quarter drop year-over-year as sales of the F-150 Lightning pickup and E-Transit commercial van declined 42% and 93%, respectively. GM saw 94% year-over-year growth in domestic EV sales in the first quarter of 2025 and boasted more than 15% of U.S. EV market share. "Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles," Rory Harvey, executive vice president and president of global markets, said in a statement. "In the first two months of the second quarter, we more than doubled our EV sales compared to the same period last year." Part of the bump is attributable to price-conscious buyers worried about tariffs raising prices and legislative efforts to strip the $7,500 EV tax credit, said Sam Fiorani, vice president of AutoForecast Solutions LLC. "The idea that parts may be in short supply, costs may go up, all of these factors are weighing on the decision-making of buyers today," Fiorani said. "If they believe that they're going to need a vehicle in the next few months, a lot of them have moved to the dealership now to purchase while they believe the prices will be lower." GM still trails Tesla Inc. in EV sales, but CEO Elon Musk's dominance is waning in the face of domestic and Chinese competition. Tesla sold 1.3 million cars in the first quarter of 2025, a 9% decline from the year-earlier period, according to Bloomberg. Tesla's share of the U.S. EV market dropped from almost two-thirds to less than half in the past two years, according to Bloomberg reporting. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Yahoo
03-05-2025
- Automotive
- Yahoo
Ford's April sales, led by pickups, surged 16% ahead of tariffs
Ford Motor Co. reported a record sales month for April, with U.S. sales climbing 16% as the company offered employee pricing across its lineup to all customers as uncertainty loomed about President Donald Trump's tariff plans and the prospect that they would soon increase vehicle prices. Ford reported on May 1 that it sold 208,675 new vehicles in April, compared with 179,588 sold in April 2024. Sales of electrified vehicles, which includes hybrids, rose 8.4% to 28,190, although sales of the all-electric F-150 Lightning, Mach-E and E-Transit trucks dropped, due in part to inventory constraints. Ford's total U.S. sales for 2025 are up 3.2% to 709,966 vehicles sold. Ford's real sales glory was in trucks, which accounted for nearly half of the company's total sales. Ford said it sold a total of 116,955 trucks, a 19% jump from a year ago April. Ford reported that total sales of its F-Series pickups surged 13% to 72,765 trucks sold. Breaking out retail sales of the F-Series, sales of the pickups rose 17% in April. A Ford spokesman said the company only provides figures for total sales, not retail sales. The Maverick pickup hit a sales record, Ford said, with sales of 20,183 Mavericks in April, a 67% increase from April 2024. Sales of the Ranger small pickup rose 62% to 7,006 sold for the month. CEO Jim Farley had suggested the company would have strong April sales following gains in March as well, in part due to the employee pricing sale Ford launched on April 3 — which Ford extended to run through July 4 — but also on the chance that consumers want to get ahead of anticipated price increases once tariffs kick in. First look at a beast: Ford's new F-Series Platinum Plus Super Duty truck offers a unique ownership experience "We're seeing double digit sales increases since March and April and we ran this employee pricing," Farley told CNN host Erin Burnett on April 30. "There may be a lot of customers going out and buying cars before what they fear is the import tariffs increasing prices. That may be a dynamic. We're certainly seeing our inventories are shrinking at the dealerships." Meantime, General Motors also said it had a strong April despite low incentives and tight inventory. The automaker does not typically report monthly sales, but GM spokesman Jim Cain told the Detroit Free Press that GM's U.S. sales rose 20% to 267,051 vehicles delivered, also led by strong sales of pickups. Cain said GM sold 82,537 full-sized Chevrolet Silverado and GMC Sierra pickups in April. Ford did see sales dips in its all-electric vehicles. The F-150 Lightning sales plummeted by 17% to 1,740 sold in April. For the year, Lightning sales are down 9% to 8,927. Sales of the E-Transit also tumbled in April by 81% to 192 sold. Year-to-date, E-Transit sales are flat at 3,948 sold. Ford spokesman Said Deep said in a statement that 2025 model year changeover for Lightning and Mach-E, as well as low inventory during the changeover, led to sales for both vehicles declining in April. Sales of the Mach-E were down 40% to 2,927 in April. Year-to-date sales are about flat at 14,534. Deep said that going into April Mach-E and F-150 Lightning were operating nationwide on nine and 19 dealer days' supply, respectively. The industry considers a 60-day supply to be normal. "With '25 (model year) vehicle now hitting dealer lots as we progressed through April, we are well positioned for a strong May sales month for both electric vehicles," Deep said in the statement. Ford's total SUV sales for the month increased 10% to 75,183 sold. Sales of the Bronco Sport, built in Mexico, soared 55% to 11,886 sold. The larger Bronco, built in Michigan, sold 14,400 units, a 73% gain. Another volume seller was the Explorer. Ford reported a gain of 9% to 20,989 Explorers sold. Ford brand sales rose 15% in the month to 197,060 vehicles sold. Ford's luxury brand, Lincoln, saw a 40% gain in sales in April to 11,615 total vehicles sold, led by sales of midsize SUVs: Nautilus and Aviator. Farley told CNN that the sales offer optimism in the year ahead despite the uncertainty around tariffs. "Maybe we're in the first or second inning of a nine-inning game. But so far for us ... the revenue has been pretty strong," Farley said. "We report earnings next week and you'll see that as a trend." Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber. This article originally appeared on Detroit Free Press: Ford reports April sales surged 16% led by pickups
