Benzinga
Benzinga
  • 2 months ago
Ford has turned its fleet business, "Ford Pro," into a major profit driver, generating over $18 billion in adjusted earnings and more than $180 billion in revenue since 2021. Fleet sales make up nearly 20% of US light vehicle sales annually and represent a large opportunity. Ford Pro leads the US fleet market with around 30% share of new commercial vehicle registrations, followed by GM and Stellantis. Ford aims to achieve $1 billion in annual software and services revenue from Ford Pro by 2025 focused on fleet customers.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Ford has turned its fleet business, Ford Pro, into a major profit driver, generating over
00:07$18 billion in adjusted earnings and more than $180 billion in revenue since 2021.
00:13Fleet sales make up nearly 20% of total U.S. light vehicle sales annually and represent a
00:18large opportunity. Ford Pro leads the U.S. fleet market with around 30% share of new
00:23commercial vehicle registrations, followed by GM and Stellantis. Ford aims to achieve $1 billion
00:28in annual software and services revenue from Ford Pro by 2025, focused on fleet customers.
00:34For all things money, visit Benzinga.com.

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