Compact pickup truck from Ford Motor Co. The 2022 Maverick during the Washington Auto Show in Washington, D.C., on Friday, January 21, 2022.
cyclists | Bloomberg | Getty Images
Detroit – ford motor US sales jumped 10.5% last month compared to February 2023, driven by increases in sales of hybrid and fully electric vehicles.
The Detroit automaker on Monday reported sales of 174,192 cars and trucks for February. The results included an 81% jump in electric vehicle sales and a nearly 32% increase in hybrid models. Sales of conventional internal combustion engines also increased by 7.5% over the same month of the previous year.
The surge in hybrid car sales is part of Ford's plan to double down on the technology. The company said total hybrid sales reached 12,045 in February, including 6,463 units of its Maverick Hybrid pickup truck.
Sales of Ford electric vehicles have fluctuated from month to month based on demand and prices. Ford's all-electric vehicle sales rose last month across the board, including a 64.3% increase for the Mustang Mach-E crossover and a doubling of sales for the all-electric F-150 Lightning pickup.
Despite increases in hybrids and electric vehicles, 89.5% of Ford sales last month were conventional cars and trucks in February.
Sales of Ford's highly profitable F-Series trucks fell 5.8% last month to 51,829 units. Automotive News reported last month that shipments of new 2024 pickup models were delayed due to an undisclosed quality issue.
Amid quality and warranty issues, Ford CEO Jim Farley has implemented more stringent testing and quality checks during the launch of new vehicles.
Ford announced that its total sales from the beginning of the year until February amounted to 311,325 units, an increase of 6.6% compared to the same period of the previous year.
Ford shares rose more than 4% during trading Monday morning. His competitors General Motors And Stellantisnone of which reported monthly sales, rose about 1% each.
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