Ford Motor Co (NYSE: F) sold the most Mustang Mach-E electric vehicles in May since it went on sale more than a year ago, outperforming sales of the gas-powered version for a second time.
Mach-E Vs Mustang: The Dearborn, Michigan-based company sold 5,179 Mach-Es in May, a 166% jump year-on-year and a 36% rise over April.
Mach-E’s April sales of 3,806 units were its second-best since Ford began selling the all-electric crossover in December 2020.
Ford's Mach-E competes with Tesla Inc’s (NASDAQ: TSLA) Model Y compact crossover.
In comparison, gas-powered Mustang sales fell 27.1% year-on-year to 3,234 units in May. The decline was 26% over April.
Mach-E sales briefly edged past Mustang sales in June.
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Mach-E Production: Ford produced 6,020 Mach-Es in May, a jump of 22% over a month ago but a decline of 12% year-on-year.
The iconic gas-powered Mustang, made at Ford’s Flat Rock plant in Michigan, posted sales of 5,726 units in May, a jump of 128% over April.
The automaker has produced 29,107 Mach-Es this year, compared with 21,506 Mustangs.
Ford currently makes the Mach-E for the U.S. and European markets at the Cuautitlan Stamping and Assembly Plant plant in Mexico and delivers locally made models in China.
F-150 Lightning Update: The legacy automaker also revealed sales of its recently launched F-150 Lightning are underway and that dealers sold 201 of those models after taking delivery at the end of May.
Price Action: Ford closed 2.5% higher at $13.8 on Thursday. Stock is down 36% YTD.
See Also: Ford CEO Says Chinese EV Makers 'Incredibly Undervalued,' Expects A 'Shakeout' Soon
