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Ford EV sales climb even as total car sales drop

Yahoo Finance’s Pras Subramanian joins the Live show to break down Ford’s latest sales numbers in its ICE and EV segments.

Video transcript

[AUDIO LOGO]

BRAD SMITH: Ford is out with its latest sales numbers, reporting a fall in total US sales in November. However, a rosier picture in sight for its electric vehicles. Here to break down all the details is Yahoo Finance's Pras Subramanian. Pras, what do we know?

PRAS SUBRAMANIAN: So you know, we saw sales drop 7.8% in November-- not-- that's not-- that's not too good-- probably due to some lingering part shortages. But EV sales rep over 100% in November. Ford says they now have an 8.6% market share in the EV market.

Looking at some of their models here, the Ford F-150 Lightning EV-- 2,000 sold in May. Now they're up to 13,200 for the year. The Mustang Mach-E up 14 and 1/2% in November. They've now said they crossed 150,000 production mark for that car. So that's pretty big numbers for their first kind of new overall EV. And the big dog, the F Series pickup, they say that it's poised to take the sales crown. They've sold around 580,000 of those trucks this year so far. But that's down 13% from a year ago.

So they're doing well from the EV point of view but, overall, still struggling with getting production. I don't think it's a demand issue. I think it's a supply production issue.

JULIE HYMAN: Right, they're still not able to do-- was it them with the heated seats? Somebody wasn't able to get the heated seats in.

BRAD SMITH: Where you had to pay extra for the heated seats?

JULIE HYMAN: Yeah, I can't remember who it was.