Ford announced that U.S. sales jumped by 10.5% in February with strong growth in its hybrid and EV offerings after seeing headwinds hitting EV sales in January.
Ford Motor announced Monday that the company's U.S. sales jumped 10.5% in February with strong sales growth among electric vehicles and hybrid vehicles. Sales of Ford's hybrid vehicles increased 36.7% year-to-date through February, with sales in February up 31.5% compared to a year ago with 12,045 vehicles sold. "Hybrid vehicles continue to be a growth segment for Ford and sales have grown at a faster rate than the overall U.S.
The Ford Mustang Mach-E electric SUV saw sales surge by 64.3% in February compared to a year ago even as year-to-date sales lagged last year's figures by about 4.2%. A total of 2,930 Mustang Mach-E vehicles were sold in February, bringing the 2024 tally to 4,409. The company cut prices for the Mach-E by up to $8,100 in February after sales fell sharply in January, and also moved to scale back production at the Michigan Rouge Electric Vehicle Center to one shift starting on April 1.
The Detroit automaker also saw strong growth in sales of SUVs, which increased by 22.3% in February from a year ago and are up 15.2% in 2024 so far. Within the SUV segment, much of the growth came from sales of the Ford Edge, which were up 80.8% year-to-date and 105.2% from last February – as well as the Ford Escape, which had a sales increase of 68.3% year-to-date and 105.2% for the month. Ford Truck sales were up slightly, increasing by 1.4% for both the month of February and year-to-date.
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