Ford’s February gross sales rose 10.5%, led by good points in hybrids and electrical automobiles

Norman Ray
Norman Ray

International Courant

A compact pickup from Ford Motor Co. 2022 Maverick on the Washington Auto Present in Washington, DC, on Friday, January 21, 2022.

Al Drago | Bloomberg | Getty Pictures

DETROIT – Ford Motors US gross sales rose 10.5% final month in comparison with February 2023, led by will increase in gross sales of hybrid and absolutely electrical automobiles.

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The Detroit automaker Reported Monday gross sales of 174,192 vehicles and vans in February. The outcomes embrace an 81% enhance in EV gross sales and an roughly 32% enhance in hybrid fashions. Gross sales of conventional combustion engines additionally rose, up 7.5% from the identical month a 12 months earlier.

The spike in hybrid gross sales is a part of Ford’s plan to double down on expertise. Ford mentioned February hybrid gross sales totaled 12,045, together with 6,463 models of its Maverick Hybrid small pickup.

Electrical automobile gross sales for Ford have fluctuated from month to month based mostly on demand and costs. Gross sales of Ford’s all-electric automobiles rose throughout the board final month, together with a 64.3% enhance within the Mustang Mach-E crossover and a virtually doubling of gross sales of the all-electric F-150 Lightning pick-up up.

Regardless of the rise in hybrids and electrical vehicles, 89.5% of Ford’s gross sales final month in February had been conventional vehicles and vans.

Gross sales of Ford’s extremely worthwhile F-Sequence pickups fell 5.8% to 51,829 models final month. Shipments of latest 2024 fashions of the pickup had been delayed as a result of an undisclosed high quality situation. Automotive Information reported final month.

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Amid high quality and guarantee points, Ford CEO Jim Farley has launched stricter testing and quality control throughout new automotive launches.

Ford reported that whole gross sales via February had been 311,325 models, up 6.6% from the identical interval a 12 months earlier.

Shares of Ford rose about 4% in buying and selling Monday morning. Rivals Basic engines And Stellantisneither of which report month-to-month gross sales rose about 1% every.

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Ford’s February gross sales rose 10.5%, led by good points in hybrids and electrical automobiles

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