Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019

DETROIT – Ford Motor’s U.S. sales elevated about 7% final year, marking the automaker’s best sales since 2020 however coming in decrease than the general industry’s development.

Ford on Thursday reported sales of almost 2 million automobiles in 2023, a 7.1% increase from the earlier year. The firm completed third in total U.S. sales, trailing Toyota Motor and General Motors.

Ford’s total 2023 sales are decrease than the industry’s sales development, which auto knowledge agency Motor Intelligence reports topped 15.6 million final year — marking a 12.3% increase from 2022 and the phase’s best efficiency since greater than 17 million automobiles in 2019.

“In a year of challenges, from a labor strike to provide points, our superb lineup of fuel, electrical and hybrid automobiles and our improbable sellers delivered stable development and momentum. We have the merchandise that prospects need,” Ford CEO Jim Farley mentioned in a launch.

Electric vehicle sales got here in at 72,608 for the year, up 18% from 2022 and boosted by almost 26,000 EVs offered in the course of the fourth quarter. Ford mentioned sales of its electrical F-150 Lightning pickup — which noticed price adjustments earlier this week — have been up 74% in the course of the fourth quarter. Sales of the Mustang Mach-E notched the best annual tally since the vehicle launched in 2021, the corporate mentioned.

Electrified automobiles, together with hybrids and EVs, represented solely about 10% of Ford’s total sales in 2023.

Hybrid sales have been up 25% in the course of the full year over 2022 and up 55% in the fourth quarter.

For the forty seventh year in a row, Ford F-Series was America’s best-selling truck and America’s best-selling vehicle for the forty second year in a row. Sales topped 750,000 models final year, up about 15% in comparison with the earlier year.

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Correction: This story has been up to date to right that Ford Motor’s 2023 sales have been the automaker’s best since 2020.