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Ford’s February auto sales jump 22% from subdued 2022 results

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Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023.

Rebecca Cook | Reuters

DETROIT – Ford Motor’s February sales increased by more than 20% from subdued results a year earlier, as the automaker ratchets up production of its F-Series pickups and electric vehicles.

The Detroit automaker Thursday reported February sales of 157,606 vehicles, up 22% from a year earlier and a 7.7% increase from January. Ford’s sales were hampered by supply chain problems in February 2022 making for one of its worst months since 2021.

Sales of Ford’s F-Series pickups increased 22% last month compared to a year earlier, increasing to about 55,000 units, including 3,600 units of its electric F-150 Lightning. So far this year, sales of F-Series pickups are up 15%.

Ford’s electric vehicle sales continue to increase, up 88% from a year earlier. However, EV sales still only represent 2.9% of the automaker’s sales through February.

This is breaking news. Please check back for additional updates.

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