Market News

Ford’s (NYSE:F) November Report Depicts an Encouraging EV Trend

Story Highlights

Ford witnessed a 103% year-over-year growth in EV deliveries in November. However, overall sales declined about 8% due to weakness in SUV and truck demand.

Ford Motor (NYSE:F) delivered 6,255 electric vehicles (EVs) in November, up 103% year-over-year and marking the fifth consecutive month of triple-digit sales growth. Furthermore, Ford is said to have grabbed the second-best position among EV manufacturers in America.

Interestingly, the automaker claimed its market share in the EV segment increased to 8.6% in November, up from 2% in the previous year. During the month, Ford sold 2,062 of its F-150 Lightning electric trucks, 654 Ford E-Transit vans, and 3,539 Mustang Mach-E SUVs.

Overall, Ford witnessed an 8% decline in November sales figures. The company sold 61889 SUVs in November, which fell 15% from the last year, on lower demand for Bronco Sport, Edge, and EcoSport vehicles. Also, truck sales fell 1.2% to 81,210 as a result of a decline in Ranger and Transit Connect trucks.

Nevertheless, Vice President for Sales, Distribution & Trucks at Ford Blue, Andrew Frick, said that retail orders for 2023 model year vehicles are up 104% year-over-year, driven by record orders of Super Duty and Maverick vehicles.

Is Ford a Buy or Sell?

On TipRanks, the company has a Moderate Buy consensus rating based on six Buys, four Holds, and one Sell. The stock’s average price target of $17 suggests upside potential of 22.66%. So far this year, the shares of Ford have declined by 34.3%.

Moreover, the company’s 3.61% dividend yield compares favorably with the sector’s average of 2.18%. Currently, Ford’s price/earnings ratio is trading at 6.3x, reflecting a 53.9% discount from the sector’s median of 13.68. This discounted valuation makes the stock an attractive pick.


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More