Ford Reports Higher Third Quarter US Sales Led by Pickup Trucks, But Ongoing Strikes Loom

Ford's third-quarter U.S. new vehicle sales increased 7.7% year-over-year, led by higher pickup truck sales.

Ford's truck sales were up 15.3%, while car sales declined 5.1% and SUV sales were flat.

Ford's electric vehicle sales increased 14.8% but still only accounted for 3% of total sales.

Ford hybrid sales rose 41.4%, led by F-150 and Maverick hybrid trucks.

Ongoing UAW strikes against Detroit automakers were not expected to significantly impact third quarter sales but could affect next month.