Ford's second-quarter sales have taken a significant hit, with the company reporting a 10% decline compared to the same period last year. The drop is largely attributed to a decrease in electric vehicle (EV) sales, which have been a key focus area for the automaker in recent years. Additionally, the phase-out of certain models, including the Ford Explorer and the Lincoln Continental, has also contributed to the decline. However, the company's Bronco and Maverick hybrid models have bucked the trend, setting new sales records and providing a glimmer of hope for the automaker's future prospects.
Ford Q2 sales slide 10% on EV drop and model phase-outs; Bronco and Maverick hybrid set records Yahoo Finance