Ford’s F EV gross sales in the US plunged 60.8% in November after the $7,500 federal tax credit score expired. The automaker offered 166,373 autos in the US final month, down 0.9% from November 2024, as electrified fashions felt the impression of the inducement’s finish.
Hybrid gross sales climbed 13.6% to 16,301 models, however absolutely electrical gross sales tumbled to 4,247 models, down sharply from 10,821 models in November 2024. Mustang Mach-E gross sales slid 49% to three,014 models, whereas the F-150 Lightning fell 72% to 1,006 models. The E-Transit van dropped 82% to 227 models.
Ford Mannequin e, the automaker’s EV division, posted a $1.4 billion loss within the third quarter, bringing year-to-date losses to $3.6 billion, about $3 billion tied to present EVs just like the Mach-E and Lightning, and roughly $600 million invested in next-generation EVs.
Ford is shifting its focus from massive, battery-heavy autos to smaller, extra worthwhile fashions based mostly on its new Ford Common EV Platform. The primary of those, a midsize EV pickup anticipated to value round $30,000, is scheduled to launch in 2027.
Per the corporate, this timeline is nicely underway, and it has already accomplished 95% sourcing. Car testing is in progress, and tools set up for the brand new platform will start on the Louisville plant later this yr. Ford additionally stays on observe to begin producing LFP battery cells at its Marshall, Michigan, facility earlier than year-end. F carries a Zacks Rank #3 (Maintain) at current.
You’ll be able to see the entire record of right now’s Zacks #1 Rank (Robust Purchase) shares right here.
November Gross sales of Ford’s Opponents
Tesla’s TSLA registrations in France and Denmark plunged by about half in November. Gross sales in France have been down 58% to 1,593 models, whereas gross sales in Denmark have been down 49% to 534 models, regardless of up to date Mannequin Y variations. The Mannequin Y ranked simply twenty third in Denmark. In the meantime, Tesla’s China-made EV gross sales rose 9.9% yr over yr, at the same time as competitors intensifies in each Europe and China.
BYD Firm Restricted BYDDY delivered 474,921 passenger autos in November, down 5.7% from the year-ago quarter, per Searching for Alpha. This included 237,540 battery-electric fashions, which grew 19.9% yr over yr, and 237,381 plug-in hybrids, which fell 22.4% from the prior yr.
F’s Worth Efficiency, Valuation and Estimates
Ford has outperformed the Zacks Automotive-Home business yr to this point. Its shares have gained 26.6% in contrast with the business’s development of 31.3%.
Picture Supply: Zacks Funding Analysis
From a valuation perspective, F seems undervalued. Going by its value/gross sales ratio, the corporate is buying and selling at a ahead gross sales a number of of 0.32, decrease than the business’s 3.25.
Picture Supply: Zacks Funding Analysis
The Zacks Consensus Estimate for F’s 2025 EPS has moved down 2 cents previously 30 days. The Zacks Consensus Estimate 2026 EPS has moved up a penny previously seven days.
Picture Supply: Zacks Funding Analysis
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Ford Motor Firm (F) : Free Inventory Evaluation Report
Tesla, Inc. (TSLA) : Free Inventory Evaluation Report
Byd Co., Ltd. (BYDDY) : Free Inventory Evaluation Report
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