- Ford Motor Co.’s February sales were up more than 20% from lower results a year ago.
- The Detroit automaker on Thursday reported February sales of 157,606 vehicles, up 7.7% from January.
- Sales of Ford’s F-series pickups rose 22% last month, including sales of its electric F-150 Lightning.
Ford Motor Co. CEO Jim Farley gives the thumbs-up sign during a February press conference in Romulus, Michigan, before announcing that Ford Motor will partner with China-based Amperex Technology to build an all-electric vehicle battery plant in Marshall, Michigan. provided 13, 2023.
Rebecca Cook | Reuters
DETROIT – Ford Motor Company’s February sales rose more than 20% from lower results a year ago as the automaker ramped up production of its F-Series pickups and electric vehicles.
The Detroit automaker on Thursday reported sales of 157,606 vehicles in February, up 22% from a year earlier and up 7.7% from January. Ford’s sales were hampered by supply chain issues in February 2022, making it one of its worst months since 2021.
Sales of Ford’s F-series pickups rose 22% last month to about 55,000 units, including 1,336 units of its electric F-150 Lightning. So far this year, sales of the F-series pickups are up 15%.
Ford’s electric vehicle sales — a key focus for Wall Street — continue to rise, up 88% from a year earlier. However, EV sales only accounted for 2.9% of automakers’ sales through February.
The automaker sold 3,600 electric F-150 Lightning vehicles through February, though sales were down 41% compared to January.
Wall Street analysts estimate that U.S. auto sales were better than expected last month, reaching a seasonally adjusted sales rate of about 15 million units.
The auto industry continues to navigate through some supply chain and manufacturing issues, although this year’s flow of components and vehicle production is expected to be more consistent than in recent years.
