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TheStreet Open House

Ford Delivers Best Hybrid Sales Quarter Ever; Grows Its Market Share And Attracts New Customers To The Brand

DEARBORN, Mich., July 23, 2013 /PRNewswire/ --

  • Ford Motor Company delivers its best hybrid quarter ever, with second-quarter sales up 517 percent over last year and up 15 percent over first-quarter 2013
  • Ford C-MAX and Ford Fusion hybrids are driving sales growth in nontraditional hybrid markets, including Miami, New York, Washington, D.C. and Seattle, as well as California
  • Ford has six electrified Ford and Lincoln vehicles on sale in the U.S. and is on track to triple its electrified vehicle production by the end of this year, compared with 2011
  • Following the conclusion of a collaboration with Toyota, Ford is moving forward with the development of a rear-wheel-drive hybrid system on its own; Ford is on track to have the hybrid system ready later this decade on rear-wheel-drive Ford pickups and SUVs

Ford Motor Company (NYSE: F) set a record for hybrid sales in the second quarter of 2013, with sales of 24,217 vehicles – up 517 percent over last year and up  15 percent over the first quarter of 2013 – as demand grows in markets across the United States and as more Toyota and Honda customers trade in their vehicles for a Ford.

It is Ford's best-ever quarter for hybrid vehicle sales and the first time the company sold more than 24,000 hybrids in a quarter. Ford's share of the U.S. electrified vehicle market grows to nearly 16 percent in the first half of 2013 – a 12-point gain over last year.

Fueling the growth is increasing demand for Ford C-MAX and Ford Fusion hybrid vehicles in California and other new hybrid markets. For example, demand also increased more than 1,000 percent in New York. Chicago saw an 840 percent gain, while hybrid sales rose almost 730 percent in Seattle and close to 500 percent in Washington, D.C. More than 60 percent of U.S. customers are coming from non-Ford brands, with Toyota and Honda vehicles the top competitive trade-ins.

"Customers have come to expect fuel economy and leading technology with every new vehicle Ford delivers," said Jim Farley, executive vice president, global marketing, sales and service and Lincoln. "Our newest hybrids are contributing to Ford's growth and share gains, while bringing new customers into the showroom in nontraditional hybrid markets."

Through June 2013, Ford sold more than 46,000 electrified vehicles. The company's strong product lineup has led to Ford's U.S. market share growing at a faster rate than competitors – gaining nearly a full percentage point through the first half of the year. 

Six electrified vehicles – and more to comeFord offers a variety of electrified vehicle options, including hybrids, plug-in hybrids and a battery electric vehicle. The company now has six electrified vehicle choices available in the U.S., including Ford Fusion Hybrid, Ford C-MAX Hybrid, Ford Fusion Energi plug-in hybrid, Ford C-MAX Energi plug-in hybrid, Ford Focus Electric and Lincoln MKZ Hybrid.

Already Ford's most fuel-efficient sedan, the all-new Fusion Energi has an EPA-rated total range of up to 620 miles and the ability to drive 21 miles in electric-only mode – nearly triple the electric-only range of plug-in hybrids from Toyota and Honda.

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