Ford February sales spike 21% on strong truck and SUV performance
Supplies catching up with demand
Ford announces return to Formula 1 racing
Ford President and CEO Jim Farley and Formula 1 CEO Stefano Domernicali discuss Ford's growth in the auto industry and employment and announce its return to Formula 1 racing.
Ford sales were up dramatically in February as the automaker continues to recover from last year's supply issues.
Deliveries increased 21% compared to last February and advanced 7.7% over January's results.
The upbeat report comes just weeks after Ford reported a nearly $2 billion loss in 2022 due largely to reduced production.
Its best-selling F-Series line saw a 21.5% spike year over year and its entire truck lineup is up 18.6% so far this year, according to spokesman Mike Levine.
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Ford truck sales are up 18.6% this year. (Eric Thayer/Getty Image / Getty Images)
Among them were 3,600 electric F-150 Lightning pickups, which were delivered before production was idled indefinitely due to an issue with the full-size truck's battery pack.
Ford delivered a total of 8,770 electric vehicles through February, including the Mustang Mach-E and E-Transit van.
The USPS has ordered 9,250 E-Transit vans. (AP Photo/Marta Lavandier, File / Getty Images)
The automaker this week announced that it had received an order for 9,250 E-Transits from the U.S. Postal Service that it will begin delivering in December.
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Deliveries of the Ford Explorer also more than doubled to 19,174 compared to last year.
The Explorer is the best-selling three-row SUV in the U.S.
The Ford F-Series is the best-selling vehicle line in the U.S. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Ford's sales release comes a day after several other brands, including Hyundai, Kia and Subaru, reported gains for the month, while Honda and Toyota slipped.
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General Motors and Stellantis are among the automakers that report sales only on a quarterly basis.