Ford Motor Co reported its best annual U.S. auto sales since 2020 on Thursday, helped by sustained demand for cars and trucks, a day after many of its rivals reported double-digit growth in new vehicle sales.
The Detroit automaker said vehicle sales rose 7.1% to 1.99 million units in 2023. In 2020, Ford reported new vehicle sales of just over 2 million units.
Overall, new vehicle sales in the United States last year reached about 15.5 million units, of which electrified vehicles, including hybrids, accounted for nearly 17%, according to data from Wards Intelligence.
Industry sales data showed strong demand for personal transportation last year, but analysts warn that high interest rates could dampen appetite for new vehicles in the future.
Sales of Ford’s EV models, such as the F-150 Lightning pickup and Mustang Mach-E crossover, also increased nearly 18% to 72,608 units from a year earlier. The company’s electric vehicle models account for 3.6% of total sales.
Ford hybrid vehicle sales increased more than 25 percent to 133,743 units compared to last year and represent approximately 7 percent of total sales.
With sales of 1.99 million vehicles, Ford was the third-largest automaker by sales in the United States, behind General Motors. and Toyota.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
