Ford February sales dive 10.5%, led by gains in hybrids and EVs

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Ford February sales jump 10.5%, led by gains in hybrids and EVs

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A 2022 Ford MotorCo Maverick compact pickup throughout the Washington Auto Show in Washington, D.C., on Friday,Jan 21, 2022.

Al Drago|Bloomberg|Getty Images

DETROIT– Ford Motor’s U.S. sales leapt 10.5% last month compared to February 2023, led by boosts in its hybrid and all-electric cars sales.

The Detroit car manufacturer Monday reported sales of 174,192 vehicles and trucks forFebruary The results consisted of an 81% dive in EV sales and approximately 32% uptick in hybrid designs. Sales of standard internal combustion engines likewise increased, up 7.5% from the very same month a year previously.

The spike in hybrid sales becomes part of Ford’s strategy to double down on the innovation. The business stated hybrid sales amounted to 12,045 in February, consisting of 6,463 systems of its little Maverick Hybrid pickup.

Sales of EVs for Ford have actually varied month to month based upon need and rates. Sales of Ford’s all-electric cars last month were up throughout the board, consisting of a 64.3% boost in its Mustang Mach- E crossover and an almost doubling in sales of the all-electric F-150 Lightning pickup.

Despite the boosts in hybrids and EVs, 89.5% of Ford’s sales last month were standard vehicles and trucks in February.

Sales of Ford’s extremely rewarding F-Series pickups fell by 5.8% last month to 51,829 systems. Shipments of brand-new 2024 designs of the pickup were postponed due to a concealed quality concern, Automotive News reported last month.

Amid quality and guarantee problems, Ford CEO Jim Farley has actually set up more strict screening and quality checks throughout brand-new automobile launches.

Ford reported overall year-to-date sales through February were 311,325 systems, a 6.6% boost compared to the very same period a year previously.

Shares of Ford were up more than 4% throughout trading Monday early morning. Rivals General Motors and Stellantis, neither of which reports regular monthly sales, were up about 1% each.

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