Ford (F) saw increased vehicle sales in May, driven by strong demand for the company’s electric vehicles (EVs) and hybrid models. CEO Jim Farley recently highlighted the company’s variety of offerings, emphasizing that the auto industry’s future will not solely revolve around EVs.

Yahoo Finance’s Pras Subramanian breaks down the details.

To see CEO Jim Farley’s full interview, click here.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith

Video Transcript

Ford is out with its May sales numbers that outpaced the industry expanding by 11.2% on new vehicle offerings.

Ford saw gains coming from its portfolio of hybrids, trucks and s now, Ceo Jim Farley, stressing the importance of its variety of vehicle offerings and in an interview with Yahoo Finance’s executive editor, Brian.

So here’s what he had to say.

It’s pretty clear to us what the next 5 to 10 years look like.

You know, we’re not, it’s not gonna be a future.

That’s only evs, it’ll be a mixed power train of ere P HS hybrids, pure ice.

If you’re towing something and electrics and electrics will be a big part of the industry but not the only part of the industry.

Um we’re gonna have a lot of software in our lives.

So for more on Ford’s sales numbers, we’re gonna be joined by Yahoo Finance’s Pros Subramani and Pros.

Always great to speak with you.

Talk to me about what’s going on with Ford in terms of the sales numbers and the impact on the stock because we are seeing it still moving to the downside, which could just be the overall market vibe today.

But this is kind of a big beat when it comes to their sales rising for vehicles by over 11%.

Right.

Yeah, I don’t think the stock price move today is connected to this to this sales number.

I think the sales number is pretty surprising, pretty big month here.

The sales booming, like you said, 11% in May you be up 6% month over month.

Uh Ford also claiming it’s getting market share in the US with these numbers and what’s happening here.

It’s of course, those hybrid sales that Barley alluded to Maverick hybrid up 100 and 11%.

The F 150 hybrid, the all new one, up 51% come after Ford sort of leans in more on hybrids, pushes back a bit on those evs, those EV sales, by the way, are up big two totalling around 9000 evs, not much but up 65% compared to a year ago.

The problem is those evs are losing money, but nonetheless, it is an overall big month for Ford.