A 2022 Ford Motor Co. Maverick compact pickup truck through the Washington Auto Present in Washington, D.C., on Friday, Jan. 21, 2022.
Al Drago | Bloomberg | Getty Pictures
DETROIT – Ford Motor’s U.S. gross sales jumped 10.5% final month in contrast with February 2023, led by will increase in its hybrid and all-electric automobiles gross sales.
The Detroit automaker Monday reported gross sales of 174,192 automobiles and vans for February. The outcomes included an 81% bounce in EV gross sales and roughly 32% uptick in hybrid fashions. Gross sales of conventional inside combustion engines additionally elevated, 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 the know-how. The corporate mentioned hybrid gross sales totaled 12,045 in February, together with 6,463 items of its small Maverick Hybrid pickup.
Gross sales of EVs for Ford have fluctuated month to month based mostly on demand and pricing. Gross sales of Ford’s all-electric automobiles final month had been up throughout the board, together with a 64.3% enhance in its Mustang Mach-E crossover and a virtually doubling in gross sales of the all-electric F-150 Lightning pickup.
Regardless of the will increase in hybrids and EVs, 89.5% of Ford’s gross sales final month had been conventional automobiles and vans in February.
Gross sales of Ford’s extremely worthwhile F-Collection pickups fell by 5.8% final month to 51,829 items. Shipments of latest 2024 fashions of the pickup had been delayed because of an undisclosed high quality challenge, Automotive News reported final month.
Amid high quality and guarantee points, Ford CEO Jim Farley has instituted extra stringent testing and high quality checks throughout new automobile launches.
Ford reported complete year-to-date gross sales via February had been 311,325 items, a 6.6% enhance in contrast with the identical time interval a 12 months earlier.
Shares of Ford had been up greater than 4% throughout buying and selling Monday morning. Rivals General Motors and Stellantis, neither of which reviews month-to-month gross sales, had been up about 1% every.
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