Ford Motor Company (NYSE:F) has announced that it has surpassed sales of 500,000 F-150 trucks equipped with the 3.5-liter V6 EcoBoost engine. This engine was introduced three years ago and is now included in around 45% of all F-150 sales. The F-150s are produced at Ford’s Kansas City Assembly Plant in Claycomo. The F-150 has been the best selling truck in America over the last 37 years.
Ford Motor Company (NYSE:F) said that in the 38 months since the EcoBoost was introduced, it has saved an estimated 56.8 million gallons of gasoline on an annual basis (6,685 tanker trucks of fuel). The U.S. EPA compares that to have the same impact as planting 413,895 acres of forests, having 70,000 homes go without electricity for a year, or installing 139 wind turbines.
“It really is amazing when you consider we are doing that with just two V6 engine choices ? the 3.5-liter EcoBoost and the 3.5-liter Ti-VCT engine,” stated Doug Scott, Ford’s truck group marketing manager. “When we come out with the new 2015 F-150, we will offer three different V6 engines, so there is potential for further growth.”
Before Ford’s V6 engines, the market was dominated by less fuel efficient V8 engines. “Just five years ago you would have had a hard time making a case for V6 truck engines. Not today. Now, it’s all about fuel effectiveness. Customers are looking for the best combination of city and highway mileage, horsepower, torque, towing capacity, payload and value,” added Scott.
Ford’s 3.5-liter EcoBoost engine delivers 420 pound-feet of torque and 365 horsepower, enabling it to carry a payload of 3,100 pounds or tow up to 11,300 pounds. It has an EPA-estimated rating of 16MPG in the city and 22MPG on the highway for a combined 18MPG in two-wheel drive.