Ford: US sales up 10.5% in February

(CercleFinance.com) - On Monday, Ford reported a 10.
5% increase in February car sales in the US, mainly driven by its electric and hybrid vehicles.

The second-largest US car maker said it sold 174,192 vehicles last month, compared with 157,606 in February 2023.

Sales of Ford's electric vehicles, such as the F-150 Lightning pick-up and the Mustang Mach-E, climbed by 80.8% to 6,368 units, while deliveries of hybrid vehicles rose by 31.5% to 12,045 units.

These two categories now account for over 10.5% of its sales in the US, compared with 89.5% for combustion engine cars. A year ago, however, they accounted for around 8% of total sales.

After ten minutes of trading on Wall Street, Ford shares were up 1.5% on Monday morning, while the S&P 500 was down 0.1%.


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