Ford Motor Co F shares were trading higher Tuesday after the company said its electric vehicle sales tripled last month.
In September, Ford sold 142,644 vehicles, consisting of 68,299 trucks, 70,887 SUVs and 4,691EVs. EV sales were up 197.3% on a year-over-year basis. Ford said its EV share increased by 3.1% to 7% of the total market.
The F-150 Lightning was America's best-selling electric pickup truck last month. In September, the company's E-Transit vans were America's best selling electric vans.
Ford said in 2022 that its hybrid vehicle sales have jumped 22.6% compared to last year. The company sold 74,046 hybrids year-to-date.
Ford continued to see high-demand vehicles turn at record rates in September, while developing electric truck and van leadership and extending overall truck leadership. Ford Blue Vice President of Sales, Distribution, and Trucks, Andrew Frick, said the demand remains strong with new retail orders expanding rapidly.
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F Price Action: Ford has a 52 week high of $25.87 and a 52 week low of $10.61.
The stock was up 6.41% at $12.21 at the time of publication, according to Benzinga Pro.