Ford gross sales charged increased in February, making the Dearborn-based automaker the No. 1 vendor in America for the second straight month. Ford additionally famous hybrid and EV gross sales positive aspects, highlighting the significance of its electrified powertrains.
Ford reported February gross sales had been up 10.5% to 174,192 autos, topping Toyota’s whole of 159,262. Apparently, hybrid gross sales jumped 31.5% to barely over 12,000 items, powered by report gross sales of the Maverick hybrid compact pickup and the Ford Escape small SUV hybrid.
Ford’s EV gross sales — consisting of the Mustang Mach-E crossover and F-150 Lightning pickup — noticed gross sales bounce 80.1% 12 months over 12 months in February to six,368 items offered. Deep worth cuts of the Mustang Mach-E and Lightning EV in February probably jump-started gross sales. Ford shares had been up over 3% in early commerce on Monday.
Trying deeper into the truck classes, for the month of February F-Sequence truck gross sales had been really down 5.8% from a 12 months in the past. Nonetheless, SUV gross sales had been up 23.7% in February to almost 85,000 items.
By the primary two months of the 12 months, Ford mentioned it offered 165,901 vans and vans, making it the top-selling truck maker within the U.S., outselling GM by 26,000 vans. Notice that GM doesn’t report month-to-month gross sales information, so that is probably an approximation.
Ford additionally mentioned F-Sequence pickup gross sales hit 100,531 by way of February, with Ford claiming it’s America’s best-selling truck, outselling the Silverado by greater than 21,000 vans. Once more, notice that Silverado gross sales are probably an approximation and if Silverado gross sales are mixed with GMC Sierra full-size pickup gross sales, GM can be extra aggressive, if not the biggest truck maker within the U.S.
Nonetheless, Ford’s sturdy truck gross sales to begin the 12 months come regardless of the automaker solely simply beginning deliveries of 2024 mannequin 12 months F-150s. Ford is starting to ramp up gross sales of these 2024 autos, beginning with the entry-level XL and STX trims, and ultimately increasing to increased trim ranges.
As well as. the 2024 Lightning EV is at present beneath a “stop-ship” order at Ford, reportedly as a consequence of a minor headlight subject. Ford Lightning gross sales in March could also be impacted by this, however there appears to be sufficient 2023 stock to maintain Lightning gross sales going.
Throughout Ford’s opponents that do report month-to-month gross sales, the final pattern has been optimistic for the automakers. Honda reported gross sales of barely over 100,000, notching a 37.8% bounce in February, although its Acura division’s gross sales fell 6%.
Hyundai set a gross sales report in February up 6% to 60,341; gross sales at Kia fell for the third straight month to 60,859, down 3%. Nonetheless, each Hyundai and Kia noticed sturdy gross sales positive aspects with EVs.
As famous above, Toyota reported gross sales of 165,900 items (up 16%), with gross sales hitting 184,450 together with its Lexus division (up 17%). Toyota mentioned electrified automobile (hybrid and EV mixed) deliveries jumped 84% to 68,445.
Pras Subramanian is a reporter for Yahoo Finance. You possibly can observe him on Twitter and on Instagram.
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