VWAGY - Ford Had A Good Month | Benzinga
Unlike its Detroit peers, General Motors (NYSE: GM) and Stellantis N.V. (NYSE: STLA), Ford Motor (NYSE: F) reported its monthly sales figures for February. But GM and Stellantis also delivered their own news today.
Ford Had A Good Month
Ford reported its February U.S. sales rose 10.5% YoY to174,192 cars and trucks, fueled by increases in its hybrid and all-electric vehicles sales. The EV front picked up momentum with Mustang Mach E experiencing a 64.3% uptick in sales with the all-electric F-150 Lightning pickup nearly doubling in sales EV sales rose 81%, followed by a 32% rise in hybrid models and a 7.5% rise in traditional internal-combustion engines.
In February, Ford sold 12,045 hybrids, including 6,463 Maverick Hybrid pickups. But despite this increase, traditional cars and pickups still made 89.5% of sales in February.
However, Ford also revealed its highly profitable F-Series pickups experienced a 5.8% drop to 51,829 units.
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