Ford sales increased in February, led by gains in hybrid and EV's
Ford Motor's U.S. sales jumped 10.5% last month compared to February 2023. The increase was led by increases in hybrid and all-electric vehicles sales. Ford Motor: "Hybrid and electric vehicles sales increased dramatically in February" Ford: "We are looking forward to a better future in the United States"
Ford's profit margins took a hit due to losses in the electric vehicle segment. The company is refining its plans for producing next-gen EVs to better meet market demand. Ford's profits getting eaten up by EV's. Ford is refining plans to produce next-generation vehicles to meet demand.
Ford Motor Co. reported increased sales in January, thanks to a 43% surge in hybrid sales. The increase comes as customer demand for electric vehicles wanes. Ford says hybrid sales increased by 43% in the month of January. Ford: Hybrid sales increased in part because of the drop in demand for the electric vehicles.
Ford sales jumped by 10.5% in February. U.S. sales jumped in January after seeing headwinds hitting EV sales in January. Ford saw strong growth in hybrid and EV offerings in February, Ford says. Ford says it saw a spike in sales in the first half of the year in the United States.