Tag Archives: Sales results

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Ford sold more Mach-Es than Mustangs

Since the Mustang Mach-E hit the market in 2021, few expected it to outsell the combustion engine model. That happened in 2024, when Ford delivered 51,745 units of its first all-electric crossover.

According to the published data for 2024, Ford sold 44,003 units of the legendary Mustang model, which is 7,742 units less than the Mach-E. For many, this is a surprise, because demand for EVs last year was not at the expected level. In fact, demand for the standard Mustang has been falling year after year, and Ford’s decision to quickly switch to an all-electric brand was too hasty. But Ford is stubborn, as demonstrated by the launch of the all-electric Puma Gen-E which will join the hybrid version.

In 2024, sales of the Mustang Mach-E increased by 27 percent compared to 2023. The model had a successful last quarter thanks to 16,119 units sold, an increase of 35.6 percent compared to the same period in 2023.

Ford recently announced the arrival of a new SUV that should be the successor to the EcoSport. It will have a robust and adventurous design, as well as a different driving range. Although it was speculated that only an all-electric version would be offered, there are high chances that both a hybrid and a mild hybrid will be offered, as this is what European customers are most looking for.

Source: Ford

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BMW recorded a 61% drop in profits in Q3 2024

European manufacturers have been in crisis for a long time, and Q3 2024 was devastating for most of them. One of those that recorded a big drop in sales in the last three months is BMW with a 61% lower profit compared to the same period last year.

The biggest reason for the drop in profits is the problem with the brakes on the cars, which affected more than 1.5 million cars, and delivery delays are expected for about 320,000 cars. Also, the second big reason is the decline in sales in China, so BMW reduced its plans with the expectation of growth until the end of 2024. “After the exceptional challenges of the third quarter, in the fourth quarter we are back on track for higher profits in order to achieve our annual targets,” said BMW CEO Oliver Zipse.

Last month, BMW reported that its sales in China fell by 1/3 in the third quarter. Other German automakers such as Volkswagen and Mercedes-Benz are also struggling with declining sales in China due to a weak economy and intense competition.

Source: BMW

News

Toyota sales results for the nine months of 2024

Toyota is one of the world’s largest car manufacturers, and the European market is extremely important for this Japanese manufacturer. The sale of electric cars is of particular importance, and according to the latest data, almost 3/4 of Toyota’s total sales in Europe were EVs.

In the nine months of 2024, Toyota sold 5 percent more cars on the old continent compared to the same period last year (848,974 units), of which 683,409 were electrified cars (+11%). Sales of hybrid (HEV) and plug-in hybrid (PHEV) cars increased by as much as 93 percent, which is a remarkable result. Also, all-electric cars recorded a growth of 19 percent, although Toyota has only one EV model in its offer.

Looking at the sales results of individual models, the highest demand in the nine months of 2024 was for the Yaris model, including the Yaris Cross and Corolla, and the new Toyota C-HR. The best-selling EV was the Yaris Cross Hybrid with 150,535 units.

Toyota’s plan is a gradual transition to fully electric vehicles, so focusing on hybrid vehicles is paying off and showing that the Japanese manufacturer is ahead of the pack when it comes to smart planning.

Source: Toyota